Different Credit Score on 3 sites

[Deleted User]

Hi 
This may be a stupid question, I am looking to get on the housing ladder later this year, maybe next year so I signed up to check my credit score.
On Clear Score its over 850
On Equifax its 758
On Experian its 560

Why is it so different for the 3? Im so confused. 
Any help would be great, 
Thank you 

TadleyBaggie

Because the numbers are made up by each CRA. No lenders can see them them, so stop worrying about them.

[Deleted User]

TadleyBaggie said:

Because the numbers are made up by each CRA. No lenders can see them them, so stop worrying about them.

I do worry as I have been told by a mortgage broker that companies check credit scores. My new company also did a credit score check too.

The_Fat_Controller

The credit check that a company does has nothing to do with the made up "scores" that the agencies show us.

[Deleted User]

You need to get a new mortgage broker.

Your company did a credit file check. They won't know your score unless you told them - in which case, just tell them a very big number.

sourcrates

All I will say is ignore any of the scores the CRA`s give you, you can have a 999 score and be bankrupt, that number just gets seen by you, and you alone, its never used in any lending decision, and is at best, for commercial and entertainment purposes only.

What is important is your credit history, so try to pay on time, no late or missed payments, don`t use credit unnecessarily, don`t overstretch yourself financially, make sure you are on the electoral role, a stable address history helps, just common sense things really.

PRAISETHESUN

Ignore the numerical score and focus on the actual data on your files - that is what lenders see and use to make decisions. Keep within your limits, and pay your existing debt obligations on time and you'll be fine. Make sure to check your files from all 3 CRAs  - Experian, Equifax (which is where Clearscore gets their data from) and TransUnion (which you haven't said you've checked).

Carrot007

Deleted_User said:

You need to get a new mortgage broker.

Indeed, my mortgage broker did ask for my files. And for me to point out anything bad on them so I think it was more a trust thing that that they ever looked themselves! Of course if you hide things from your broker you are an idiot, the more they know the better job they can do (if you have a good one anyway!).

[Deleted User]

People in the finance industry know that most of their customers are not particularly savvy and won't understand technicalities so just use "credit score" as a simple way for you to understand. I suppose they could equally say "credit file/history" but given the number of adverts for credit score companies, it's probably easier as people will understand what they mean.

As above, you will be scored based on the lender's internal system, you will never see this.

Ensure your credit history is up to date and correct on all 3 agencies, just in case there is something incorrect on one of them - don't look at the gimmick score, read the report.

MEM62

Deleted_User said:

Why is it so different for the 3? Im so confused. 

Three randomly generated numbers will always be different.  .  

Deleted_User said:

TadleyBaggie said:

Because the numbers are made up by each CRA. No lenders can see them them, so stop worrying about them.

I do worry as I have been told by a mortgage broker that companies check credit scores. My new company also did a credit score check too.

Sack your mortgage broker.  He is talking out of his backside.  

DCFC79

Deleted_User said:

Hi 
This may be a stupid question, I am looking to get on the housing ladder later this year, maybe next year so I signed up to check my credit score.
On Clear Score its over 850
On Equifax its 758
On Experian its 560

Why is it so different for the 3? Im so confused. 
Any help would be great, 
Thank you 

All that matters is the data, the history is correct.