We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Conflicting Info
Options

scaredofdebt
Posts: 1,663 Forumite


Hi,
I've signed up for a few credit checking services, the free ones and Experian say my score is "excellent" at 967 whilst Money Saving Expert Credit Club, say it's "poor" at 678.
I can't find any adverse information anywhere, one of my credit cards is nearly maxed out, that's about it. Limit is £2,750 and balance is £2,600 so it's not a huge amount, I am paying this off at above the minimum repayment amount but will still take a few months to pay it off.
Clear Score say my rating is just above average.
So, who's right?
I am looking at leasing a car soon so need it to be OK for that, never been turned down for credit before but there's always a first time!
I've signed up for a few credit checking services, the free ones and Experian say my score is "excellent" at 967 whilst Money Saving Expert Credit Club, say it's "poor" at 678.
I can't find any adverse information anywhere, one of my credit cards is nearly maxed out, that's about it. Limit is £2,750 and balance is £2,600 so it's not a huge amount, I am paying this off at above the minimum repayment amount but will still take a few months to pay it off.
Clear Score say my rating is just above average.
So, who's right?
I am looking at leasing a car soon so need it to be OK for that, never been turned down for credit before but there's always a first time!
Make £2018 in 2018 Challenge - Total to date £2,108
0
Comments
-
None of them are right as they're all just numbers they've made up. Ignore all of them.
From an objective view, you're demonstrating high risk behaviour by having maxed out your card and only making small repayments towards it.
You need to get that cleared and demonstrate that you're no longer reliant on credit, assuming the debt isn't at 0%.0 -
The scores are generated by the CRAs as marketing tools, using their own algorithms. They are not seen by lenders and so play no part in any credit application decison making process. You can therefore safely ignore the score.
Just make sure you are on the Electoral Roll, and never miss a payment on current credit agreements.0 -
They are all right, in that they mean squat.
As long as your history is correct then that's all that matters.0 -
Agreed..It all depends on your history.All depends on that..So no worries i guess0
-
scaredofdebt wrote: »Hi,
I've signed up for a few credit checking services, the free ones and Experian say my score is "excellent" at 967 whilst Money Saving Expert Credit Club, say it's "poor" at 678.
I can't find any adverse information anywhere, one of my credit cards is nearly maxed out, that's about it. Limit is £2,750 and balance is £2,600 so it's not a huge amount, I am paying this off at above the minimum repayment amount but will still take a few months to pay it off.
Clear Score say my rating is just above average.
So, who's right?
I am looking at leasing a car soon so need it to be OK for that, never been turned down for credit before but there's always a first time!
It's explained on the front page of the credit club.
Experian give you a credit score - A benchmark for how well you’re doing, based on your past credit behaviour.
MSE give you a credit hit rate - An overview of what really counts – your chances of getting the market’s top products.0 -
It's explained on the front page of the credit club.
Experian give you a credit score - A benchmark for how well you’re doing, based on your past credit behaviour.
MSE give you a credit hit rate - An overview of what really counts – your chances of getting the market’s top products.
Though the "score" and "hit-rate" are not gospel, nor are they anywhere near the truth.0 -
I have exactly the same issue - two distinct credit ratings depending on how I access Experian. However, until reading these pages I had no idea how arbitrary credit scores are, but it makes sense - I am banded differently by every agency! It is such a relief to be able to refer to people who know this stuff better than I do. That’s one concern off my mind. Thanks, MSEers!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards