MSE Credit Club (Experian) different to Experian score

BoingBoingBaggies

Both powered by Experian, my MSE credit club score is 696 and my Experian credit score is showing as 911.

MSE CC is showing very low affordability and very little chance of getting many cards, where as my Experian is showing high affordability and high chance of getting cards.

I'm not actually looking to borrow in the future, but the difference in score is worrying me. Both accounts hold the same information on me so not identification issue.

[Deleted User]

The scores are largely fictional and therefore have no meaning or will ever be similar.

Ignore both in equal measure.

sourcrates

Bit of info here for you :

http://www.moneysavingexpert.com/news/banking/2015/11/experian-shakes-up-how-it-calculates-credit-scores-what-it-means

BoingBoingBaggies

Thanks, i'll have a read of that.

Its not necessarily the score that is worrying me. Its that on Experian i'm getting a high acceptance estimations across a large range of cards but on MSE CC i'm only getting a high acceptance on a couple. However the information is being pulled from the same place?

[Deleted User]

The acceptances are just guesstimates.

The only thing you need to worry about is the data being accurate.

BoingBoingBaggies

"MoneySavingExpert.com's Eligibility Calculator uses lenders' individual credit policies to determine eligibility, and does not use the score credit reference agencies give you. So any change to your credit score directly as a result of Experian's recalculation will not directly affect the eligibility rating given by our calculator."

This has answered my question, thanks you.

It seems Experian have bumped by score up however MSE CC/eligibity still has me relatively low (i have done a lot of borrowing recently) so thats explains it.

redux

MSE's prediction of the chance of getting the same card can vary 0 to 90% on the same day, depending which category you look in.

Descrabled

My experian score via The Club is poor, whereas my score through Barclaycard is good being over 150 higher.
Conversely Mrs Descrabled's score via The Club is in the good area whilst her score through Barclaycard is some 100 lower in the poor area. Note that her two scores claim to be only one day apart.

Now I know that the scores are meaningless but this data shows that they are actually rubbish.

Both our scores in Noddle and in Clearscore are in the good area and neither of us have had any difficulties being accepted for current accounts or credit cards.

I think we will ignore The Club from now on unless it starts providing useful data similar to that available through Noddle and Clearscore.

MSE_Chris

BoingBoingBaggies wrote: »

Both powered by Experian, my MSE credit club score is 696 and my Experian credit score is showing as 911.

MSE CC is showing very low affordability and very little chance of getting many cards, where as my Experian is showing high affordability and high chance of getting cards.

I'm not actually looking to borrow in the future, but the difference in score is worrying me. Both accounts hold the same information on me so not identification issue.

The score is separate from your eligibility results (% chance of getting a card/loan). The eligibility is calculated on the income/expenditure info as well as your current status and living arrangements (renting etc). To ensure what you're seeing is based on your current circumstances, I would recommend trying our standalone credit card eligibility tool:


https://www.moneysavingexpert.com/eligibility/credit-cards/


This should in theory match the results that are shown in the club if the info you've entered is identical.

Marty_P

BoingBoingBaggies wrote: »

"MoneySavingExpert.com's Eligibility Calculator uses lenders' individual credit policies to determine eligibility, and does not use the score credit reference agencies give you. So any change to your credit score directly as a result of Experian's recalculation will not directly affect the eligibility rating given by our calculator."

This has answered my question, thanks you.

It seems Experian have bumped by score up however MSE CC/eligibity still has me relatively low (i have done a lot of borrowing recently) so thats explains it.

This information appears to refer to the MSE Eligibility Calculator (released a couple of years back), but the original query refers to MSE Credit Club (released Sept 2016).

I am also interested to know why my MSE Credit Club score (which we're advised is from Experian) and my Experian credit score are different.

Can a MSE representative weigh in here?

PixelPound

Remember neither Experian nor MSE no how providers will approve you as most lenders have their own criteria they keep secret (lest people try and manipulate their approval chances), they simply are going on who has/hasn't been accepted before.

You can have a 95% chance of acceptance and get rejected