MSE Credit Club

BBOA

Though, According to the guide they score you based on the information present in your credit file. As do the lenders, Or the lenders at least determine your eligibility based on the information on your credit file. So the key I guess is to find what if any parameters they have in common.

Willing2Learn

Experian will score you solely using the data held in credit file.

A lender will score using the same data, added to the extra data you submit in your credit application, added to the data they already hold on you as an existing or old customer.

When Experian and a lender score you against the criteria held in your credit file, the criteria and policies used in that process will never-the-less be different.

That is why we sometimes have people on these boards with a perfect '999' Experian score who are unable to get credit. While there are others, such as me, who have a fair score (700ish), but can get credit very easily. There are others with a low score who can also get credit.

[Deleted User]

Experian largely score on change, whether good or bad, and score it negatively. So taking on debt, paying off debt, opening cards, closing cards, getting CCJ, clearing CCJ, are all generally 'bad'.

The other CRAs do this to a slightly lesser extent.

Lenders score on quality and type of behaviour.

It's rather like monkeys throwing poo at a wall. Experian chuck enough that some of it will stick and therefore some people will consider their score is 'accurate'.

But much of it will be horrendously wrong, hence the advice to ignore the scores and simply review the data.

I guarantee you will come up with a more reliable assessment than Experian.

[Deleted User]

BBOA wrote: »

Though, According to the guide they score you based on the information present in your credit file. As do the lenders, Or the lenders at least determine your eligibility based on the information on your credit file. So the key I guess is to find what if any parameters they have in common.

There are no common parameters - again a search on these boards will show you this, example the person with a 999 score who couldn't get a £20 per month SIM only contract, but the person with the 300 score who got a £350k mortgage.

How is that a common or accurate measurement?

BBOA

Hi guys great info thank you. That’s pretty much Much answered all my queries

Della99

Looking at your credit club information it shows me as paying on a mortgage on my home I live in which I do not I own it outright. But it does not show my two Buy to Let Morgages on two flats I rent out or more importantly the rent from these two investments.

How do I correct this please as it is affecting my credit score

[Deleted User]

Della99 wrote: »

Looking at your credit club information it shows me as paying on a mortgage on my home I live in which I do not I own it outright. But it does not show my two Buy to Let Morgages on two flats I rent out or more importantly the rent from these two investments.

How do I correct this please as it is affecting my credit score

Why would it show the rental income - that's not something that gets reported to a CRA.

[Deleted User]

Della99 wrote: »

How do I correct this please as it is affecting my credit score

You provide your income to lenders when you make an application - not to the CRAs.

Willing2Learn

It seems I must be mistaken, but I always assumed a BTL mortgage would be listed as a credit account with the CRAs....

[Deleted User]

It may be appearing on one or more of the other CRAs...