Affordability very weak - MSE Credit Club

dr_adidas01

carolineb23 said:

dr_adidas01 said:

carolineb23 said:

I have the same issue where my affordability is very low, apparently due to me being likely to have very little disposable income and it really annoyed me so I emailed them about it and they refuse to accept there is a problem with whatever calculation they do. We have a household income of over £110k no debt apart from mortgage and payments are £1230 a month, no defaults ccjs anything really and 999 credit score. Seems completely ridiculous to me. 

Yeah that 999 credit score is amazing, so much so that bankrupts can have a score of 999, which in the UK means jack sh@tE as no lender ever uses the score CRA's give you.

Never said anything about it being amazing, no need to be rude. Can’t mean completely nothing tho, otherwise  everyone would have 999. 

Not being rude just stating that the 999 score that Experian gives you is meaningless and yes it does mean completely nothing here in the U.K.  

There have been lots of people recently who have posted they have an amazing score and have been declined for things such as mobile phone contracts, loans and credit cards. 

Yet there are people who have a score of 400 which is poor based on Experian’s fictional score method who get accepted for loans, credit cards, car finance and other credit products. 

What matters in the U.K. is the way you have managed your current financial products and your credit history. 

It might be a good idea for you to read the forum sticky that says (What your credit score really means)