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  • FIRST POST
    • hseo18798
    • By hseo18798 19th Sep 19, 4:21 AM
    • 1Posts
    • 0Thanks
    hseo18798
    Credit ratings
    • #1
    • 19th Sep 19, 4:21 AM
    Credit ratings 19th Sep 19 at 4:21 AM
    Hi, I have been with Clear Score for quite some time now and have watched my score steadily drop month after month despite no negative behaviour on my part. Today I joint MSE Credit Club and my score is massively different in a positive way. Has anyone else had this? Which one do I believe?
Page 1
    • zx81
    • By zx81 19th Sep 19, 4:27 AM
    • 23,873 Posts
    • 26,579 Thanks
    zx81
    • #2
    • 19th Sep 19, 4:27 AM
    • #2
    • 19th Sep 19, 4:27 AM
    Neither of them. The scores are not s representation of your credit worthiness, but just a gimmick that only you see.

    If you're managing your credit well and the data is accurate, just carry on.
    • DCFC79
    • By DCFC79 19th Sep 19, 7:30 AM
    • 35,104 Posts
    • 22,179 Thanks
    DCFC79
    • #3
    • 19th Sep 19, 7:30 AM
    • #3
    • 19th Sep 19, 7:30 AM
    Zx81 speaks the truth.
    • SlippyEdge
    • By SlippyEdge 19th Sep 19, 8:39 AM
    • 6 Posts
    • 1 Thanks
    SlippyEdge
    • #4
    • 19th Sep 19, 8:39 AM
    • #4
    • 19th Sep 19, 8:39 AM
    Hi, I have been with Clear Score for quite some time now and have watched my score steadily drop month after month despite no negative behaviour on my part. Today I joint MSE Credit Club and my score is massively different in a positive way. Has anyone else had this? Which one do I believe?
    Originally posted by hseo18798
    Yes, very common. You should believe both of them

    There is more than one CRA in the UK, and different creditors report to different agencies, some more than one.

    ClearScore gves your your credit score according to Equifax
    MSE credit club gives you your credit score according to Experian

    Two different CRAs, with two different data sources, coming to two different conclusions.

    But what you should be concentrating on is why your credit score according to Equifax (as supplied to you by ClearScore) has steadily dropped month after month despite no negative behaviour you know of; Equifax obviously have reason to think otherwise. Get your report and go through it with a fine toothed comb. Something in there will be makinf Equifax lower your credit score steadily month after month.
    • SlippyEdge
    • By SlippyEdge 19th Sep 19, 8:41 AM
    • 6 Posts
    • 1 Thanks
    SlippyEdge
    • #5
    • 19th Sep 19, 8:41 AM
    • #5
    • 19th Sep 19, 8:41 AM
    No thanks for my post then?

    Oh well, we can see who is in control, and what their agenda is, here...

    Still, at least
    This is an open forum - anyone can post.

    I'll give MSE credit for that.

    People can do their own research now thay have 2 versions of the alleged truth.
    Last edited by SlippyEdge; 19-09-2019 at 8:45 AM.
    • Gary_Dexter
    • By Gary_Dexter 19th Sep 19, 10:21 AM
    • 6,624 Posts
    • 4,438 Thanks
    Gary_Dexter
    • #6
    • 19th Sep 19, 10:21 AM
    • #6
    • 19th Sep 19, 10:21 AM
    No thanks for my post then?

    Oh well, we can see who is in control, and what their agenda is, here...

    Still, at least

    I'll give MSE credit for that.

    People can do their own research now thay have 2 versions of the alleged truth.
    Originally posted by SlippyEdge
    Why would you get thanks for mis-information?

    The scores bear no relevance to any lenders lending criteria.

    And that's the truth...
    • Willing2Learn
    • By Willing2Learn 19th Sep 19, 10:29 AM
    • 4,451 Posts
    • 4,000 Thanks
    Willing2Learn
    • #7
    • 19th Sep 19, 10:29 AM
    • #7
    • 19th Sep 19, 10:29 AM
    Yes, very common. You should believe both of them

    There is more than one CRA in the UK, and different creditors report to different agencies, some more than one.

    ClearScore gves your your credit score according to Equifax
    MSE credit club gives you your credit score according to Experian

    Two different CRAs, with two different data sources, coming to two different conclusions.

    But what you should be concentrating on is why your credit score according to Equifax (as supplied to you by ClearScore) has steadily dropped month after month despite no negative behaviour you know of; Equifax obviously have reason to think otherwise. Get your report and go through it with a fine toothed comb. Something in there will be makinf Equifax lower your credit score steadily month after month.
    Originally posted by SlippyEdge
    This is total nonsense. Your CRA credit scores are irrelevant as they are not used by lenders. Lenders only use the data in your credit files to assess a credit application in accordance with their independent lending criteria.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • worried jim
    • By worried jim 19th Sep 19, 10:30 AM
    • 10,863 Posts
    • 17,140 Thanks
    worried jim
    • #8
    • 19th Sep 19, 10:30 AM
    • #8
    • 19th Sep 19, 10:30 AM
    Hi, I have been with Clear Score for quite some time now and have watched my score steadily drop month after month despite no negative behaviour on my part. Today I joint MSE Credit Club and my score is massively different in a positive way. Has anyone else had this? Which one do I believe?
    Originally posted by hseo18798
    Just ignore the made up number that only you can see and carry on as you are- nothing to worry about here.
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
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