Help re Credit Rating

westwingfan1

Really not sure this is the right place for this, so apologies in advance if it is not.

I am after some advice from the collective. My credit rating has been very poor in the past. I have worked really hard over the last few years to improve it. I am confused with the different ratings. When I log in to Experian my credit score is 1067 (Experian says that is good). I also use the Clear Score App which says my Equifax Score is 689 (Not great but above national average). However (and this is the confusing bit for me) when I log into Equifax themselves it says my credit score is 405 - poor. Can anyone explain how the Clear Score App that purports to be the Equifax rating is higher but the actual Equifax score is a lot lower?

Many thanks in advance.

eskbanker

It'll be worth reading the sticky thread further up (the gist being that the numbers can effectively be ignored):

https://forums.moneysavingexpert.com/discussion/6450574/what-your-credit-score-really-means-please-read-first-before-posting-about-a-credit-score-issue

Emmia

https://forums.moneysavingexpert.com/discussion/6656605/help-re-credit-rating

The number is irrelevant, only you can see it.

What matters is the stuff in your report itself- do the different providers list the same financial information - e.g. credit cards/loans/mobile phone contracts/bank accounts + (if you have them) defaults, CCJs, missed payments...

That is the information that lenders /financial providers see and use, and you need to ensure is accurate and do work on to improve / maintain.

MEM62

Can anyone explain how the Clear Score App that purports to be the Equifax rating is higher but the actual Equifax score is a lot lower?

Yes, it is because they are randomly generated numbers produced for entertainment purposes only. They do not reflect your credit standing, lenders never see them and they can be ignored - unless, of course, you like collecting numbers 😁