We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Affordability score
Comments
-
But the scores and ratings are gospel, right? :beer:0
-
I know it's basically meaningless but.... out of idle curiosity is there anyone on here who's affordability doesn't show as 'Very weak' on Credit Club?
Mine started showing as such late last year for no apparent reason. It seems a very common complaint on the forum and makes we wonder if there's a problem with their site?
Mine shows as Good for CC's and Fair for Loans so not everyone has "Very Weak."0 -
What I think is now that people have realised that their credit scores are worthless and start asking 'Why was I declined with a 999 Experian score', these affordability scores have been invented as something else for people to believe they have to somehow improve.
So if somebody is declined with a 999 score they can be told that their affordability score is not good enough or if someone is declined with a high affordability score they can be told hat their credit score is not high enough.0 -
Checked, 999 score
V Weak affordability for CC and Loans affordability
I had a look at the affordability and they say the disposable income is v weak, maybe that's the algorithm that's wrong as I have lots of disposable income but perhaps it's a bit off because it looks like I don't (partner pays the supermarket bills but card is in my name for example)
Least they got the maths right again on the cards - 95% on a top card, 100% on a bad card
The only negative they see is that I'm not a home owner but that's because I live in my partner's houseSam 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.
0 -
Least they got the maths right again on the cards - 95% on a top card, 100% on a bad card
I have 95% on a top card and 90% on a bad card.
It's madness.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
How would they have a clue what your disposable income is? Credit agencies don't know how much you get paid or indeed if you have a Billion £ stashed away in stocks and shares or under the bed. They only know how you have handled previous accounts.Checked, 999 score
V Weak affordability for CC and Loans affordability
I had a look at the affordability and they say the disposable income is v weak, maybe that's the algorithm that's wrong as I have lots of disposable income but perhaps it's a bit off because it looks like I don't (partner pays the supermarket bills but card is in my name for example)
Least they got the maths right again on the cards - 95% on a top card, 100% on a bad card
The only negative they see is that I'm not a home owner but that's because I live in my partner's houseThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
How would they have a clue what your disposable income is? Credit agencies don't know how much you get paid or indeed if you have a Billion £ stashed away in stocks and shares or under the bed. They only know how you have handled previous accounts.
Because the Credit Club asks for salary and rent etc. when you sign up and that's what they base it on.
It's pure fiction, at best0 -
Because the Credit Club asks for salary and rent etc. when you sign up and that's what they base it on.
It's pure fiction, at best
Most definitely. I got told my affordability was very weak yet somehow despite apparently not having any money I've managed to bang £14k in my S&S ISA and SIPP in the last financial year. It is all a load of hogwash.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
How would they have a clue what your disposable income is? Credit agencies don't know how much you get paid or indeed if you have a Billion £ stashed away in stocks and shares or under the bed. They only know how you have handled previous accounts.
As above the MSE one asks your salary, though I don't remember it asking for rent.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.
0
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards