What does 'unsecured affordability indicator' mean?

shockedandstunned_2

I've just received SAR info from Admiral in relation to a complaint. Under the Debt Summary and OI Score section it has 'unsecured affordability indicator' "no". Does that mean that they should or shouldn't have agreed the loan. If anyone could help me understand I'd be very grateful!

shockedandstunned_2

In fact, if anyone can help with these bits too that would be amazing. 
Turnover OI Income Confidence Factor: 8
 For income comparisons red indicates an over-estimation of income.
 Input Monthly Net Income v OI Calculated Income: G
 Percentage Income Change - 3 Months Ago: 84 % A
 Percentage Income Change - 12 Months Ago: 58 % R

Brie

I'm guessing but I think it might be that you have too much credit for your income. 

Unsecured debt is things like credit cards, catalogues, overdrafts, loans, home and motor insurance monthly contracts, etc.  It doesn't matter if you are using the full limits on things but how that compares to your income.  You obviously would be using your full limit on monthly payments of car insurance and that won't change until you renew your insurance.  But even if you have zero on your CC, catalogues, overdrafts and some loans the fact that you could go out and max them tomorrow is a risk that Admiral might not wish to take.  

No idea about the income bit your refer to.

shockedandstunned_2

Thank you. What I'm confused about is this is the income check that Admiral provided from my SAR, but appears to say affordability 'no' but they did go on to Lend to me. So before i use it as evidence I just want to make sure I understand correctly what it says.  

Especially this bit: Debt Summary and OI Score section it has 'unsecured affordability indicator' "no". 

The other bits below do seem to flag some issue too but I am not sure I am understanding properly.
Thanks for your help

Altior

This seems like internal Admiral communications, rather than industry wide standard. 

Educated guess. G = green, A = amber, R = red.

Their perspective is the inverse of yours as a customer. So, educated guess again, their systems would be designed to flag up unaffordability. So if that variable was positive, that would flag up an issue with affordability for a human to look into.

Confidence factor relatively intuitive, a higher number equals more confidence.

It seems unlikely to me that they would support credit if the system said no. If it was unaffordable, more likely that the algorithm wasn't strong enough, or it was receiving incorrect data to calculate the judgement.

If R equals red, possibly they are saying that the income data they have for you is 42% less than it was a year ago, and 16% less than it was three months ago (at the time).

MEM62

shockedandstunned_2 said:

Especially this bit: Debt Summary and OI Score section it has 'unsecured affordability indicator' "no". 

No could mean that the 'unsecured affordability indicator' is not required or has not been done.  It is not necessarily the result or outcome of a check.  

shockedandstunned_2

yes i see what you mean, thank you