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Credit Score
RG2015
Posts: 6,064 Forumite
I have read on this site that lenders cannot see anyone's credit score. However, the following is on the Noddle website
What information will a lender see about me?
Your credit score
Your credit score is a representation of your creditworthiness at any given moment. Each credit reference agency (CRA) has its own score range, be it out of 700 or 1,000, so there is no way to compare your scores across all of the CRAs. A lender will know the score bracket of the CRA (or CRAs) it’s using to put your score into context.
If lenders cannot see your credit score, then is this statement deliberately misleading?
What information will a lender see about me?
Your credit score
Your credit score is a representation of your creditworthiness at any given moment. Each credit reference agency (CRA) has its own score range, be it out of 700 or 1,000, so there is no way to compare your scores across all of the CRAs. A lender will know the score bracket of the CRA (or CRAs) it’s using to put your score into context.
If lenders cannot see your credit score, then is this statement deliberately misleading?
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Comments
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It's misleading yes, the score is meaningless. Banks use their own scoring system based on your data so the score is perhaps a reflection of how you might be seen but it's not absolute so should always be taken with a pinch of salt
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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The only way that statement would make sense is in the relatively small number of cases where a lender asks a CRA to calculate scores for them.
Whether they intend it as deliberately mis leading or just vague and wooly probably isn't too important.0 -
Thanks for this interesting piece of information.Deleted_User wrote: »The only way that statement would make sense is in the relatively small number of cases where a lender asks a CRA to calculate scores for them.
Whether they intend it as deliberately mis leading or just vague and wooly probably isn't too important.
Equifax say that lenders do not see your Equifax credit score which makes more sense to me.0
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
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