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Credit Club "Credit Insights" wrong
markbloke
Posts: 324 Forumite
As in the title, MSE Credit Club reports:
Credit Report Insights:
You have 3 things to work on:
*You’re using over 50% of the credit limit on at least one of your accounts
-----------No I'm not. Nothing in the Transunion, Equifax or Experian reports suggest this.
*You busted your credit limit on at least one account recently
-----------I haven't "busted" anything, anywhere in any of the reports. They go back a few years too.
*You’ve opened a few new accounts recently
-----------This is true.
So where are these coming from? Anybody have anything similar in their reports? TIA.
Credit Report Insights:
You have 3 things to work on:
*You’re using over 50% of the credit limit on at least one of your accounts
-----------No I'm not. Nothing in the Transunion, Equifax or Experian reports suggest this.
*You busted your credit limit on at least one account recently
-----------I haven't "busted" anything, anywhere in any of the reports. They go back a few years too.
*You’ve opened a few new accounts recently
-----------This is true.
So where are these coming from? Anybody have anything similar in their reports? TIA.
Reading this signature is a waste of time
0
Comments
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Mine is also laughably wrong, apparently I'm not using the credit available to me. Er, no! I have several well-managed and utilised credit cards and a car loan. Good thing these numbers count for nothing!1
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Same here - so what is the £K balance showing across my credit cards on the other page ? There is only 1 of my 6 cards showing a £0 balance.prettyandfluffy said:Mine is also laughably wrong, apparently I'm not using the credit available to me.
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It's all marketing junk, the fake score and utilisation stuff is common to all of the CRAs, just ignore it and keep the file in good shape by paying bills on timemarkbloke said:As in the title, MSE Credit Club reports:
Credit Report Insights:
You have 3 things to work on:
*You’re using over 50% of the credit limit on at least one of your accounts
-----------No I'm not. Nothing in the Transunion, Equifax or Experian reports suggest this.
*You busted your credit limit on at least one account recently
-----------I haven't "busted" anything, anywhere in any of the reports. They go back a few years too.
*You’ve opened a few new accounts recently
-----------This is true.
So where are these coming from? Anybody have anything similar in their reports? TIA.Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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OK thanks everyone, good to know. I honestly doubted "You busted your credit limit" was legitimate terminology. I expect to be addressed as "Bro" next time I log in......Reading this signature is a waste of time2
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