Why has my score reduced

[Deleted User]

Ignore all the scores. Wherever you see them.

Completely irrelevant

delpy1

sparkey1 wrote: »

Your credit club score is a snapshot taken at some point in the last two months.

Your experian score using credit expert is their rating for today.

So same data, assessed at different times.

If you look in depth at the account balances you find that they are different for the same account across the two products. Taking a guess your credit club data is probably showing what your experian report showed on a day last month or even in June.

Thanks for the explanation but my score has always been good and its never showed 987 on my paid experian,I think I will just ignore in future as its confusing lol

[Deleted User]

Just ignore it full stop.

My Credit Club account was updated on 31st July and shows the various accounts as updated with dates throughout July so mine are certainly not 2 months behind

Willing2Learn

!!! wrote: »

Just ignore it full stop.

It's so hard to totally ignore. I feel a warm glow when my score goes up, and I feel melancholy when my score goes down.

[Deleted User]

You!!!8217;ll be paying for useless subscription improvement services next

sparkey1

If you are already accessing the MSE site, why pay for the Experian service. Its good to monitor these things, but £180 per year to check your credit report.

https://www.experian.co.uk/consumer/product-factsheets/CreditExpertBRSOctober2017.pdf

Cancel!

mcpitman

Excel formula = RANDBETWEEN(1,999)


There you go the secret to CRA's credit score algorithm!


Now, whose going to pay me £14.99 a month for that?


:-)

sparkey1

!!! wrote: »

My Credit Club account was updated on 31st July and shows the various accounts as updated with dates throughout July so mine are certainly not 2 months behind

Your account may have updated on 31st July, with the individual accounts that have been updated through the month, but the balances will the balances from when your individual lenders updated.


It is now 7 Aug.

My report was available from 18th July.
It includes an updated balance from Halifax Credit Card dated 8 July.
That figure is the actual balance from the 24th June statement date.

A bonus if all your accounts are updated sooner. Just remember the balance for your July ones will in almost all cases be taken from the June, or even May data. I have a TSB account that was last updated in April on MSE, and is displaying the statement balance from March.

sparkey1

mcpitman wrote: »

Excel formula = RANDBETWEEN(1,999)


There you go the secret to CRA's credit score algorithm!


Now, whose going to pay me £14.99 a month for that?


:-)

Well it isn't quite as random as that. However if the OP wanted to get a 3nd snapshot, (or 2nd free snapshot) he could always use the capital one credit wise service.


Still better than £14.95 per month.

[Deleted User]

The balances are not the statement balances.