Credit score - worth getting or not?

HappyJanner

Hi.

Just wondering if it is worth paying for my credit score so that I can see what it is?

Also, I know 1000 is the best score, but where are the boundaries for excellent / good / fair etc ?

Thanks for your help.:beer:

itsnever2lateisit?

Different financial institutions score differently fro each other, so a 'score' from a CRA doesn't really mean much. IMHO a waste of money.

Your credit report will give you a good indication of your credit worthiness, and chance of securing a line of credit. If you have missed payments/defaults/CCJ's then the less likely you are to get credit

tealady

I think you can get a free trial for the bigger ones, just remember to cancel before you are charged!

misspixierocktastic

I think for me it's not worth it so i wont get one
But thats only because i know that my credit score is rubbish i dodnt need a piece of paper to confirm it :-)
I think alot of people find it handy though

jamtart6

Credit expert show you your credit thing for a free 30 day trial and you get a free 800 points thru pigsback
- think you have to pay extra for a credit score tho

HappyJanner

ALready with CreditExpert but just wondering whether to pay for the credit score or not.

Frugaldom

Hi, I registered for the free trial before applying for anything else as I wanted to see how well or how quickly these things updated. I just downloaded the free report to check what was listed on it, then did an application for something new. I logged back into my free trial account about 3 days after submitting the application and the new details were showing up already. Assuming everything goes OK, then I won't bother paying for the extra info. Just thought it was worth letting you know how quickly these companies check your records, though

lostalot

Hi, just thought i would let you know that i just checked my credit score with Experian and it was 993 out of 1000. It was under the good section so only 7 points below the top and not an excellent score. Must need to be 1000 for excellent lol. Despite this i am in serious debt trouble as i have already posted on here but as i have never missed a payment they still score me high. Hope that helps

southernscouser

I personally don't see the point in wasting a fiver on it! :undecided

OK so they tell your score is 750 or something. Then what? It does suddenly make you anymore credit worthy! And different lenders will score you differently anyway.

If you're gonna waste the fiver at least buy yourself a bottle of wine or on something you will enjoy.

chriz1000

The thing is surely they just use the information at hand and make a calculation, is this calculation not floating around somewhere? It would be handy if you could put your info into a spreadsheet from your credit file and it calculated your credit score.