I thought 'credit score' was meaningless

mazzetti

It has often been said on here that credit score is meaningless or at least doesn't matter however they seem to put quite a lot of emphasis on it here...

https://www.dailymail.co.uk/money/cardsloans/article-8709099/Credit-card-availability-bounces-higher-credit-scores.html

D3xt3r5L4b

A post in the Daily Fail sponsored by Experian.

Must be true...

bradders1983

Oh for crying out loud.

onlyfoolsandparking

I guess credit scores mean whatever you want them to mean although as pointed out on here over a billion times no lender uses them so it's all folly in reality

[Deleted User]

Odd.  It's not like the Daily Mail to print complete and utter nonsense...

bradders1983

OP, it's not too late to delete your opening post and pretend none of this ever happened.

mazzetti

Well it was a genuine question and I have always wondered about two people applying for say a Lloyds bank credit card - one with a credit score of 999 and one with a credit score of 15 and and the perceived wisdom on here is that the numbers just don't matter....

Also as it happens  (I'm sure I'm in the minority) I'm quite a fan of the Daily Mail financial section including their 'this is money' podcast but I appreciate that it is probably far too basic for most people on here

bradders1983

Carlsberg say their lager is probably the best lager in the world, therefore it must be true.

Dandytf

@mazzetti
I have often posted via mse that a credit score can be used in positive ways.
Not necessarily to 'gain' credit products, more of a 'measure' on how current debt is being re paid.
And very important -though not very often, spot incorrect information being held including Voters Role status, which can vary between agencies and have quite a negative impact on scores -in my experience down to 52 points then up-to a few hundred when corrected
More recently high 800's range as I approach final dmp year.

mazzetti

It IS true as long as you include the word probably - they do not specify what probability is of course

Are you ok - you are sounding a tad tetchy this morning?

bradders1983

mazzetti said:

It IS true as long as you include the word probably - they do not specify what probability is of course

Are you ok - you are sounding a tad tetchy this morning?

Absolute fine mate, more worried for you for believing everything a paid advert in the Daily Fail says. Not too late to seek salvation.