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I thought 'credit score' was meaningless
Comments
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whitesmith said:
Did quick Google but couldn't find anything about that - could you post a link if possible. ThanksMinuteNoodles said:
Have you not seen posts from time to time from people who are still bankrupt or recently discharged from bankruptcy reporting they have a 999 score?mazzetti said: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....
If the numbers had any meaning someone who is still or has just been discharged from bankruptcy should have a 15 score not a 999.Perhaps try searching this forum, you'll see lots of posts regarding this how someone with what experian call an excellent score who has been declined for credit products and others who have a score considered poor who get accpeted for credit.The number is meaningless here in the UK what matters is your credit history.Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:0 -
It is interesting the only evidence is on this forum.dr_adidas01 said:whitesmith said:
Did quick Google but couldn't find anything about that - could you post a link if possible. ThanksMinuteNoodles said:
Have you not seen posts from time to time from people who are still bankrupt or recently discharged from bankruptcy reporting they have a 999 score?mazzetti said: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....
If the numbers had any meaning someone who is still or has just been discharged from bankruptcy should have a 15 score not a 999.Perhaps try searching this forum, you'll see lots of posts regarding this how someone with what experian call an excellent score who has been declined for credit products and others who have a score considered poor who get accpeted for credit.The number is meaningless here in the UK what matters is your credit history.0 -
RG2015 said:
It is interesting the only evidence is on this forum.dr_adidas01 said:whitesmith said:
Did quick Google but couldn't find anything about that - could you post a link if possible. ThanksMinuteNoodles said:
Have you not seen posts from time to time from people who are still bankrupt or recently discharged from bankruptcy reporting they have a 999 score?mazzetti said: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....
If the numbers had any meaning someone who is still or has just been discharged from bankruptcy should have a 15 score not a 999.Perhaps try searching this forum, you'll see lots of posts regarding this how someone with what experian call an excellent score who has been declined for credit products and others who have a score considered poor who get accpeted for credit.The number is meaningless here in the UK what matters is your credit history.They even mention it on Experian's UK own website."Lenders like banks and credit card companies will look at your credit history when they calculate your credit score, which will show them the level of risk in lending to you."So the score they give you isn't used by any lender as they have there own scoring methods to access you for credit products. Only in America is your credit score by all three agencies used as it forms part of the FICO score (Fair Isaca COrperation) and is used to asses financial risk and your credit worthiness.Time is a path from the past to the future and back again. The present is the crossroads of both. :cool:0 -
Yes, but no external evidence about bankrupts getting a score of 999.dr_adidas01 said:RG2015 said:
It is interesting the only evidence is on this forum.dr_adidas01 said:whitesmith said:
Did quick Google but couldn't find anything about that - could you post a link if possible. ThanksMinuteNoodles said:
Have you not seen posts from time to time from people who are still bankrupt or recently discharged from bankruptcy reporting they have a 999 score?mazzetti said: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....
If the numbers had any meaning someone who is still or has just been discharged from bankruptcy should have a 15 score not a 999.Perhaps try searching this forum, you'll see lots of posts regarding this how someone with what experian call an excellent score who has been declined for credit products and others who have a score considered poor who get accpeted for credit.The number is meaningless here in the UK what matters is your credit history.They even mention it on Experian's UK own website."Lenders like banks and credit card companies will look at your credit history when they calculate your credit score, which will show them the level of risk in lending to you."So the score they give you isn't used by any lender as they have there own scoring methods to access you for credit products. Only in America is your credit score by all three agencies used as it forms part of the FICO score (Fair Isaca COrperation) and is used to asses financial risk and your credit worthiness.1 -
Use the search box on this sitewhitesmith said:
Did quick Google but couldn't find anything about that - could you post a link if possible. ThanksMinuteNoodles said:
Have you not seen posts from time to time from people who are still bankrupt or recently discharged from bankruptcy reporting they have a 999 score?mazzetti said: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....
If the numbers had any meaning someone who is still or has just been discharged from bankruptcy should have a 15 score not a 999.0 -
I’m not aware of any other forums where it would come up in discussion?RG2015 said:
Yes, but no external evidence about bankrupts getting a score of 999.dr_adidas01 said:RG2015 said:
It is interesting the only evidence is on this forum.dr_adidas01 said:whitesmith said:
Did quick Google but couldn't find anything about that - could you post a link if possible. ThanksMinuteNoodles said:
Have you not seen posts from time to time from people who are still bankrupt or recently discharged from bankruptcy reporting they have a 999 score?mazzetti said: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....
If the numbers had any meaning someone who is still or has just been discharged from bankruptcy should have a 15 score not a 999.Perhaps try searching this forum, you'll see lots of posts regarding this how someone with what experian call an excellent score who has been declined for credit products and others who have a score considered poor who get accpeted for credit.The number is meaningless here in the UK what matters is your credit history.They even mention it on Experian's UK own website."Lenders like banks and credit card companies will look at your credit history when they calculate your credit score, which will show them the level of risk in lending to you."So the score they give you isn't used by any lender as they have there own scoring methods to access you for credit products. Only in America is your credit score by all three agencies used as it forms part of the FICO score (Fair Isaca COrperation) and is used to asses financial risk and your credit worthiness.
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I have searched the credit card forum using keywords bankrupt and 999 and could not find anything so perhaps somebody could help with with a link0
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Search the Credit Files and Ratings forum.whitesmith said:I have searched the credit card forum using keywords bankrupt and 999 and could not find anything so perhaps somebody could help with with a link
Better yet just take the word of the experienced posters on here who have told you.1 -
will take a look at that forum, thanks0
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Nope, nothing on that forum either. Still i am sure someone will soon provide a link showing someone whonis bankrupt having a 999 score.0
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