Experian score jumped up 397 points

[Deleted User]

Yet after all this back and forthing, the score still remains as irrelevant as it was 32 posts ago.

You say a "poor" score relates to some adverse activity?

Your score can drop when an account is settled and paid off.
It will drop when an account is opened.

"I'm bankrupt with a 999 score so I must be doing fantastic!?"

Right?

Takmon

phillw wrote: »

Again with the black/white thinking. A credit score doesn't have to be either a novelty or the opposite of a novelty (whatever that is). The CRAs "admitting" the score is not seen by lenders is irrelevant, I never claimed it was seen by lenders or that lenders seeing it was important to my position.

I never claimed that there was a direct correlation. Things that adversely affect your credit score may restrict your ability to get the best deals from the whole of the market. There may also be other things that don't affect your credit score that do the same thing. I don't think you have enough time to patronise everyone who is seeking credit though, so the credit score and a few other things to consider are still helpful.

If for example you check three CRAs and notice that one is scoring you badly then it's a sign that it is worth drilling down a bit more. Not everyone pours over their credit file every month to spot mistakes for example

To fully check each credit report for mistakes will literally take 5 minutes each. You just need to check for any bad markers plus credit searches and if they are there see if they are correct. A look to make sure all accounts listed are your and a look at the addresses and other sections to make sure it's correct.

The problem is that people are lazy so if you say Credit Scores are a good indicator then they will never check their reports and never see any mistakes. They could have an incorrect financial association which can severely impact their credit worthiness but a credit score wouldn't show this and that's just one example.

If people understand the data in the report it will help them to improve their credit worthiness. If they just rely on a score going up and down they won't really know what's going on and can miss lots of mistakes of them getting credit.

Even you acknowledge that the score doesn't show some negatives so that means it doesn't work 100% of the time. But checking it manually does allow you to spot mistakes 100% of the time.
So you say it isn't black and white but if one system works 100% of the time and the other only 50% of the time why would any recommend the second system (in this case credit scores)

potatoefeet66

Mortgage accounts. I was offered compensation by their privacy and data protection for inconvenience and delay I refused which they then doubled the original offer I refused. I requested rectification of “inaccurate and misleading data”. I still have not had a response either to up hold my claim or deny it. Errors which they have failed to disclose forcing me to sit on debt which I continue to affected by today which I continue to mitigate loss and damages as a result. It also means that after the repayment term of my mortgage ends in 9 years I will not be able to satisfy repayment the 33k interest only charge forced upon me as a result of their errors. Life Skill honesty

[Deleted User]

Still none the wiser what’s actually gone on here.

A distinct lack of information

potatoefeet66

To put it mildly a lot.
26.09.08 rate switch from lenders SVR to 0.84% plus base. One month arrear added to new lone. This as I understand it with the base rate reductions put me in overpayment position by £27.50.
16.10.08 lender without disclosing the fact returned my mortgage back into an arrears position. Preventing an informed decision forcing me to sit on debt

An application 3 months later to make a lump sum reduction to mortgage balance from 142k down to 50k was declined due to arrear recreated by lenders interference in October. I was locked out of process lender refuses to acknowledge Kfi issuesd.

I have pursued this and last year I stumble on the bank errors regarding the switch back into arrears I believe this was due to the lender withdrawal of tracker at this rate and lower following base rate collapse. After almost a year delay in 2018 issued mortgage documents which had to be recalculated and reissued as they were erroneous they were manual calculations and I now have two incomplete sets which are not worth paper written on.
I was offered compensation for delay and inconvenience which I rejected and as to the interest only aspect of my mortgage I was forced to sign a confidentiality agreement which prevents me from discussing the details.

I’ve been having mental health counselling with nhs as a result of their errors and failure refusal to address. In 2018 I was warned if I continue to pursue these matters they would restrict access to my accounts and give me 90 days to repay my accounts. Black mail unfair unethical Lifer Skill honesty. That’s the bare bones but there’s far more

[Deleted User]

If you signed an NDA then you shouldn’t be posting here at all.

There’s nothing anyone can do here to advise