Application & credit score

sunshine900

Wd are going g to apply for an AIP through Natwest 
I believe they use Transunion to credit score us is this correct? Do they rely on just this score? We are concerned as my score shows fair on there but on  Experian  its 998?! 
Also do they rely on the amount of credit on the report or what we put on the form? I am only asking as we are paying large chunks off at the moment & obviously the credit report is not fully up to date.
Thanks 

RelievedSheff

They don't use any of the credit scores. They are just a made up number.

They use your credit history and payment history to decide if you meet their lending criteria.

amnblog

As above, the 'credit score' from Transunion or Experian is just a marketing exercise - ignored by Nat West.
Nat West will work off of the figures on the credit report. If you have paid off an account but it is still showing on the credit file, you should enter it on your mortgage application and indicate that you intend to repay it before completion.

[Deleted User]

The above advice is incorrect and constantly banded about on this forum. Whilst banks do NOT see your credit score it most certainly is not a made up number. It is an “indication” that something is excellent and therefore no unpaid markers with that credit reference agency or if it says fair or poor THEN SOMETHING IS WRONG and you need to investigate each account to see if there are problems with each finance agreement in that credit reference agency 

sunshine900

I don't understand how my score can  be 998 on Experian & only fair on Transunion if the reports themselves show the same information.  
My main issue is the agencies not being fully up to date, ie, the Mbna cc account has not been updated since the middle of March & the balance shown is significantly more than it actually is. 

[Deleted User]

Have you checked If Trans have exactly the same accounts as experian because not every credit agency holds all the same accounts 

sunshine900

yeah both reports show the same accounts

[Deleted User]

As has already been stated, it doesn't matter if they rate you good, bad or indifferent.  

Lenders will assess you on the data and against their own criteria, which are very different from CRA criteria.