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MSE Credit Club is showing me a score of 999 today. Is this a mistake and is everyone getting this?

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Or have I finally reached the promised land?
I know everyone on here says your score is meaningless, but I managed to get my score up to about 970 or something around October.  But it went into freefall when I moved house, opened a new bank account, and ended a long standing phone contract.  
So it would surprise me if my score is back up to 999 today, but then that said, there isn't anything bad on my credit file, so maybe it is genuine?
Anyway, is everyone getting a score of 999 on the latest update?

Comments

  • I have had 999 on the credit club since I registered
    There is no "promised land", having 1 or 999 has absolutely zero effect on whether you get credit or not
  • I have had 999 on the credit club since I registered
    There is no "promised land", having 1 or 999 has absolutely zero effect on whether you get credit or not
    I know its an approximation of how lenders *might* view you, but I've found it quite helpful when I was repairing my file a couple of years back.  I had a score of around 200 and no one would touch me except Vanquis (had a CCJ, 2 defaults, and many, many late payments on my account - managed to actually remove all the negative markers through blood, sweat and tears).  
    Seeing the score creep up is actually quite satisfying and helped keep me going in my quest to clean things up.
    A bit like a video game, it's nice to see progress through a score!
  • 2021BJ
    2021BJ Posts: 307 Forumite
    100 Posts Name Dropper
    Maybe you were declared bankrupt and you haven't got the letter yet.
  • 2021BJ said:
    Maybe you were declared bankrupt and you haven't got the letter yet.
     :D Unlikely I think!
  • I have had 999 on the credit club since I registered
    There is no "promised land", having 1 or 999 has absolutely zero effect on whether you get credit or not
    I know its an approximation of how lenders *might* view you, but I've found it quite helpful when I was repairing my file a couple of years back.  I had a score of around 200 and no one would touch me except Vanquis (had a CCJ, 2 defaults, and many, many late payments on my account - managed to actually remove all the negative markers through blood, sweat and tears).  
    Seeing the score creep up is actually quite satisfying and helped keep me going in my quest to clean things up.
    A bit like a video game, it's nice to see progress through a score!

    As I said, it's not an approximation of anything, please understand, the score means literally NOTHING. Someone with 999 can be refused credit, someone with 500 could get it. Nobody except you sees that score, no lender ever sees it, no decision on your finance is based on that score, it is never, ever used anywhere on any sort of basis. It is purely a gimmick intended to hook you into following it and (hopefully for the CRAs) you start believing it's important and consider paying for their improvement services. The score going up is great if it makes you feel better, but in terms of lending, you are not making any progress on anything if the score goes up and it might make you feel bad if the score drops (which it will for all sorts of reasons).
  • I have had 999 on the credit club since I registered
    There is no "promised land", having 1 or 999 has absolutely zero effect on whether you get credit or not
    I know its an approximation of how lenders *might* view you, but I've found it quite helpful when I was repairing my file a couple of years back.  I had a score of around 200 and no one would touch me except Vanquis (had a CCJ, 2 defaults, and many, many late payments on my account - managed to actually remove all the negative markers through blood, sweat and tears).  
    Seeing the score creep up is actually quite satisfying and helped keep me going in my quest to clean things up.
    A bit like a video game, it's nice to see progress through a score!

    As I said, it's not an approximation of anything, please understand, the score means literally NOTHING. Someone with 999 can be refused credit, someone with 500 could get it. Nobody except you sees that score, no lender ever sees it, no decision on your finance is based on that score, it is never, ever used anywhere on any sort of basis. It is purely a gimmick intended to hook you into following it and (hopefully for the CRAs) you start believing it's important and consider paying for their improvement services. The score going up is great if it makes you feel better, but in terms of lending, you are not making any progress on anything if the score goes up and it might make you feel bad if the score drops (which it will for all sorts of reasons).
    When I was about to rent a place (5 or so years ago) they did the credit check in front of me.  They said I passed, much to my relief, and out of curiosity I asked the letting agent what happens, and he turned his screen around and showed me my score which I now recognise as the same graphics that Experian use (I didn't recognise it as Experian at the time as I'd never checked my credit score before).  

    So clearly, some people do use this score.  I know a lot of lenders will have their own unique criteria and pay no attention to Experian's or anyone else's score, but my old letting agent is at least one example of someone who does use the score Experian give them.  

    Although that said, I think my score was only 550 or something, I asked the agent if that score is good, and he didn't reply :D  I've now realised that score is poor, so I don't know how bad that score would have to be to have failed the credit check!
  • Vinknut
    Vinknut Posts: 94 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    edited 29 March 2021 at 12:54PM
    "When I was about to rent a place (5 or so years ago) they did the credit check in front of me.  They said I passed, much to my relief, and out of curiosity I asked the letting agent what happens, and he turned his screen around and showed me my score which I now recognise as the same graphics that Experian use (I didn't recognise it as Experian at the time as I'd never checked my credit score before)."

    The do NOT see your score.  They see the credit information contained in the report, so balances, payment history, etc - but they do NOT see the score.
    Experian themselves explain this on their website: 
    https://www.experian.co.uk/consumer/experian-credit-score.html
    Presumably he didn't reply because he couldn't see what your score was.
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