MSE Credit Club Affordability

bigkenny1975

OK so I am aware I should pay no attention to the score in the Credit Club but what about the affordability?

Mine has gone from Very Good last month to Very Weak this month. The only changes are a reduction in my credit card balances to take them below 30% and one search, the only one on the report for a year. 
Give my incoming hasn't changed, and my outgoings have gone down slightly as far as the credit agency is aware (that will change in two months when my mortgage starts), why has it changed? I am not too worried, I only needed credit for new carpets and that was approved at 0% with no issues. 

[Deleted User]

Don't worry about the affordability. It's based on generic principles and not of any use. The algorithms are tweaked on a regular basis to keep people interested.

Lenders will assess you on your own circumstances and against their own criteria.

.

bigkenny1975

Deleted_User said:

Don't worry about the affordability. It's based on generic principles and not of any use. The algorithms are tweaked on a regular basis to keep people interested.

Lenders will assess you on your own circumstances and against their own criteria.

.

I thought that was probably the case. My report looks fine, I just couldn't understand the big change.

[Deleted User]

MSE ask for your salary so they balance your income vs outgoings and guess at affordability. They don't know what other income you have or savings etc. Just look at the data and ensure it is correct

ratechaser

Deleted_User said:

MSE ask for your salary so they balance your income vs outgoings and guess at affordability. They don't know what other income you have or savings etc. Just look at the data and ensure it is correct

Must admit I did wonder about those income questions every time I log into the credit club - didn't think that CRAs knew your income so was curious as to whether or not that data was held solely by MSE or passed on to Experian.

[Deleted User]

ratechaser said:

Deleted_User said:

MSE ask for your salary so they balance your income vs outgoings and guess at affordability. They don't know what other income you have or savings etc. Just look at the data and ensure it is correct

Must admit I did wonder about those income questions every time I log into the credit club - didn't think that CRAs knew your income so was curious as to whether or not that data was held solely by MSE or passed on to Experian.

My suspicion is MSE keep it to push affiliate links e.g. if you could get xyz card based on your income, suggest you apply for that. The Credit Club still doesn't work well for me anyway, gives me nonsense about having little chance of even getting a subprime card