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Affordability score on Credit Club
Dave_3512
Posts: 5 Forumite
I am somewhat puzzled that in the Affordability score section it says that we virtually have no disposable income when we have quite a lot. How is this assessed as I am aware they can know our utility payments and we have declared our rent and income? Each month we like to start with a certain current account balance and on the last day of the month transfer what we have in excess of this figure into out ISA. I am thinking that this makes it look like we spend all that comes in. Any advice would be appreciated.
Thanks
Thanks
0
Comments
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The scores in the Credit Club is meaningless.
Not sure how they're generated but clearly don't take your income, household income or expenses into account. It thinks I and my wife have no disposable income which is completely bonkers!
I just ignore it. Lenders don't see it, they have their own algorithms for determining affordability etc.0 -
Don't worry about the affordability score, It's a finger in the air at best, and closer to meaningless.0
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