Income / Affordability Score

Jordan13_2

Hi, my Experian credit score (via MSE) is 995 but my credit card affordability and loan affordability are both v.weak. The text below this section on the site states "Income and expenditure aren't part of your credit score, but are still factored in by lenders. Here we mimic their assessments."
The reason why I'm v.weak in this area is probably because I'm a director of my own business so I rely on dividend payments (paid intermittently throughout the year) on top of a regular income each month of £719 so I can understand why this wouldn't be favourable to lenders.
However, my question is, do you think this affordability score would increase if I transferred a set amount each month (from now onwards) into my main current account (and then back to where it came from a day later), so this would look to the outside world like a regular income?
Thanks all.

[Deleted User]

Possibly, but there's no point.  Your affordability score doesn't really give any indication of how a lender would see you.  

A lender will be looking at your income, not how you move it between accounts.

None of the scores you're given will impact lending decisions. Focus instead on managing your credit responsibly, lowering debt and increasing income.

Mr87

@Jordan13_2 I presume the regular income is PAYE that you pay yourself to avoid paying NI contributions. I don't think moving money around will make any difference. You're not thinking of moving money back and forth from your business account to your personal account and recording this via DLA, are you? Because that's not income, it's debt. What does your current debt look like and what are you aiming to achieve? Increasing your credit score (which is only an indicator for you, lenders don't use it) in itself is pretty pointless, as zx says. 

Jordan13_2

Thank you, both.
Re: the question from Mr87 about transferring the funds, no, this is between personal accounts, nothing to do with the company account.
The wider perspective is that I only pay myself a dividend once a year (due to the way the company is paid for it's work), so I assumed those scores would be both v.weak as there arent consistent payments made from my business account into my current account. I started looking at this in the first place as I was going to transfer the balance from an old credit card to a new one. I don't really have a lot of debt (5k) and over the course of 12 months, my income outweighs the credit card debt and the cost of living I have (inc mortgage payments). I wondered how they assess this form a lenders perspective as they don't ask for bank statements, so how do they know what my income is anything other than what I tell them on the credit card application?
Anyway, I appreciate your input. Thank you. 

[Deleted User]

Lenders will largely go on trust, but they will also validate across previous applications to other lenders and will ask you directly for evidence if they have doubts.

Just ensure you're consistent and honest in your applications.

Mr87

Well, in that case, if you applied for a balance transfer card and in your application you started you wanted to transfer 5k (the balance of your existing card) I think they would view that more favourably than just applying for a new card outright. Although unfortunately it seems 0% BTs are falling away due to current circumstances. As zx81 says its not like mortgage app where bank statements are required par for the course. If you state your annual income honestly you hopefully won't have a problem. Good luck!