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And people say the credit score does not matter....

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  • NaughtiusMaximus
    NaughtiusMaximus Posts: 2,839 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    The_fonz wrote: »
    Mark 14:19:56
    Your score is based on your credit history.

    That's a biblical quote I've never heard before.
  • bertiewhite
    bertiewhite Posts: 1,904 Forumite
    1,000 Posts
    It seems "Fonz" has left the building, probably back to Al's diner.
  • Paul_DNAP
    Paul_DNAP Posts: 751 Forumite
    500 Posts Second Anniversary Photogenic Rampant Recycler
    bertiewhite wrote: »
    It seems "Fonz" has left the building, probably back to Al's diner.


    Maybe he's found a shark that needs to be jumped over?
    (Although I could be wrong, I often am.)
  • Milotti
    Milotti Posts: 16 Forumite
    So we have Equifax saying lenders use credit scores, some posters saying lenders do and some saying lenders don't
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Not quite.

    You have Equifax saying that they create bespoke scores for some lenders, which is true - do Experian.

    You have lenders also saying that they create their own bespoke scores - which they do.

    Then you have a few people who believe that the credit scores provided to the customer are used by lenders - which isn't true.
  • KATRIYATSIA
    KATRIYATSIA Posts: 2 Newbie
    The_fonz wrote: »
    So how was he able to tell me what my Equifax credit score was then?? and what category it fell in? I.e. Fair, Good Excellent etc.
    You are seeing this message online as you have a basic account which does not offer any borrowing facilities such as a loan or overdraft. When you applied for your account your credit score would have been to low to be able to obtain a standard account that could support a borrowing facility. Do you know what your score is now?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    KATRIYATSIA wrote: »
    You are seeing this message online as you have a basic account which does not offer any borrowing facilities such as a loan or overdraft. When you applied for your account your credit score would have been to low to be able to obtain a standard account that could support a borrowing facility. Do you know what your score is now?

    It doesn't matter what someone's CRA generated score is.
    It makes no odds to lenders or anyone else
  • John_G_Jones
    John_G_Jones Posts: 542 Forumite
    The_fonz wrote: »
    So how was he able to tell me what my Equifax credit score was then?? and what category it fell in? I.e. Fair, Good Excellent etc.
    He wasn’t, you have misunderstood or made it up.
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