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  • FIRST POST
    • Saga
    • By Saga 21st Oct 17, 8:00 PM
    • 42Posts
    • 1Thanks
    Saga
    Experian vs ClearScore
    • #1
    • 21st Oct 17, 8:00 PM
    Experian vs ClearScore 21st Oct 17 at 8:00 PM
    Firstly, I do appreciate that we should not worry about credit scores as lenders take any notice of them.

    That said, what likely reasons are there for me having a 999/999 Experian score but only 487/700 ClearScore (Equifax) score?

    I have no debts (credit card used regularly & paid off in full every month), have but never use o/d, utilities on DD or paid off immediately, have always been on electoral roll, never had any CCJs/IVAs, lived at last 2 addresses for >10 years.

    Just a little baffled as the CS report actually says there are ten positives and zero negatives on my file. How am I supposed to improve my score if there are no negatives?
    ---
    100% debt-free!
Page 1
    • Gary_Dexter
    • By Gary_Dexter 21st Oct 17, 8:16 PM
    • 1,156 Posts
    • 649 Thanks
    Gary_Dexter
    • #2
    • 21st Oct 17, 8:16 PM
    • #2
    • 21st Oct 17, 8:16 PM
    That's why the score is to be ignored
    • zx81
    • By zx81 21st Oct 17, 8:21 PM
    • 16,856 Posts
    • 17,874 Thanks
    zx81
    • #3
    • 21st Oct 17, 8:21 PM
    • #3
    • 21st Oct 17, 8:21 PM
    The difference is due to one of the scores being meaningless, while the other is merely codswallop.
    • Saga
    • By Saga 21st Oct 17, 8:42 PM
    • 42 Posts
    • 1 Thanks
    Saga
    • #4
    • 21st Oct 17, 8:42 PM
    • #4
    • 21st Oct 17, 8:42 PM
    Haha. Fairynuff.
    ---
    100% debt-free!
    • Superscrooge
    • By Superscrooge 21st Oct 17, 9:02 PM
    • 1,081 Posts
    • 775 Thanks
    Superscrooge
    • #5
    • 21st Oct 17, 9:02 PM
    • #5
    • 21st Oct 17, 9:02 PM
    Check your score with Noddle and you will probably be even more baffled!

    Back in March Clearscore and Noddle rated me in the 'Good' category and Experian (via MSE Credit Club) had me in the 'Very Poor' category. (I'd be interested if anyone has ever managed the full range of both 'Excellent and Very Poor' in the same month!)

    Since then all three CRA's have converged to rate me either 'Fair' or 'Good'.

    Difficult to see any reason why the scores varied so much. Apart from one or two credit searches all three Credit files were almost identical.

    The general advice is not to worry about your score, just concentrate on checking the information recorded in your credit file is accurate
    • DCFC79
    • By DCFC79 21st Oct 17, 9:15 PM
    • 31,690 Posts
    • 19,985 Thanks
    DCFC79
    • #6
    • 21st Oct 17, 9:15 PM
    • #6
    • 21st Oct 17, 9:15 PM
    They all rate different aspects of the reports differently. Dont let it get to you
    Can people stop loaning money/being a guarator to family/friends, it rarely ends well and you lose out as your money is gone or you get shafted with being a guarantor.
    • Saga
    • By Saga 22nd Oct 17, 7:55 AM
    • 42 Posts
    • 1 Thanks
    Saga
    • #7
    • 22nd Oct 17, 7:55 AM
    • #7
    • 22nd Oct 17, 7:55 AM
    One I thing I did notice was that, while not completely wrong, ClearScore tends to show the old debit and credit card numbers (actually just the last 4 digits), not their current numbers.

    Is it worthwhile contacting them to update these?
    ---
    100% debt-free!
    • zx81
    • By zx81 22nd Oct 17, 9:04 AM
    • 16,856 Posts
    • 17,874 Thanks
    zx81
    • #8
    • 22nd Oct 17, 9:04 AM
    • #8
    • 22nd Oct 17, 9:04 AM
    No. It's still the same account.
    • nic_c
    • By nic_c 22nd Oct 17, 10:49 AM
    • 1,457 Posts
    • 799 Thanks
    nic_c
    • #9
    • 22nd Oct 17, 10:49 AM
    • #9
    • 22nd Oct 17, 10:49 AM
    If the scores were all the same, people wouldn't feel the need to check more than one. If they didn't have some mysterious factor that allowed your score to have room for improvement, then they couldn't hope to entice you on to improvement and monitoring services and generate an income stream.

    Even though many people now know the scores are meaningless, they are still driven to improve them, its human nature.
    • matttye
    • By matttye 23rd Oct 17, 7:59 AM
    • 4,728 Posts
    • 2,987 Thanks
    matttye
    September 2015: 477/700
    October 2017: 478/700

    It has been +/-20 that figure the whole time.

    Throughout that time I've had 10 positives and no negatives listed on my account. I paid off some car finance and spent and then paid off about 4k on a 0% interest credit card during that time.

    Seems random to me. I usually ignore the score and just look at the information on my report. Just posting this as it's illustrative that the score doesn't really change much even if you take on or pay off large amounts of debt.
    What will your verse be?

    R.I.P Robin Williams.
    • molerat
    • By molerat 23rd Oct 17, 8:05 AM
    • 18,606 Posts
    • 12,753 Thanks
    molerat
    What makes the scores even more ridiculous is the UK and regional averages along with my score positioning in them is completely different across all 3.
    www.helpforheroes.org.uk/donations.html
    • nic_c
    • By nic_c 23rd Oct 17, 10:13 AM
    • 1,457 Posts
    • 799 Thanks
    nic_c
    September 2015: 477/700
    October 2017: 478/700

    It has been +/-20 that figure the whole time.

    Throughout that time I've had 10 positives and no negatives listed on my account. I paid off some car finance and spent and then paid off about 4k on a 0% interest credit card during that time.

    Seems random to me. I usually ignore the score and just look at the information on my report. Just posting this as it's illustrative that the score doesn't really change much even if you take on or pay off large amounts of debt.
    Originally posted by matttye
    Over 2017 I got 2 new 0% purchase cards and opened & switched bank accounts so that I could use the cards and direct wages into savings to earn money whist the 0% is on, and I'll pay it off at the end. So my short term debt has increased with the card usage and my number of recent applications has increased. You would believe that would have a negative impact on my "score". Nope, Clearscore has wobbled but stayed the same (e.g. go down 10-20pt and then back up), and my experian has increased - I was "Fair" with one bank a/c little short term debt, but now "Good" that I have more debt and more applications in the last 12 months.

    So similarly I look at whats on the report and use the score for a bit of amusement
    • Tarambor
    • By Tarambor 23rd Oct 17, 11:01 AM
    • 2,865 Posts
    • 2,073 Thanks
    Tarambor
    That said, what likely reasons are there for me having a 999/999 Experian score but only 487/700 ClearScore (Equifax) score?
    Originally posted by Saga
    They're made up.
    How am I supposed to improve my score if there are no negatives?
    I thought you appreciated that you shouldn't worry about credit scores? You've already mentioned the important part of your credit profile, what is in it. No negs there and you're good to go.
    • jfc
    • By jfc 9th Apr 18, 3:56 PM
    • 61 Posts
    • 58 Thanks
    jfc
    You say scores mean nothing, so my score of 197 with clearscore wont be considered by lenders? am I right?
    • zx81
    • By zx81 9th Apr 18, 4:02 PM
    • 16,856 Posts
    • 17,874 Thanks
    zx81
    Correct. No one sees or cares about your score.
    • RG2015
    • By RG2015 9th Apr 18, 4:04 PM
    • 1,221 Posts
    • 713 Thanks
    RG2015
    You say scores mean nothing, so my score of 197 with clearscore wont be considered by lenders? am I right?
    Originally posted by jfc
    Yes, you are right.

    Lenders will look at your credit history and make their decision based on this.
    • Samsung_Note2
    • By Samsung_Note2 10th Apr 18, 10:24 AM
    • 414 Posts
    • 166 Thanks
    Samsung_Note2
    You say scores mean nothing, so my score of 197 with clearscore wont be considered by lenders? am I right?
    Originally posted by jfc

    The big question is...without wanting to be rude,is your credit history pretty poor.?
    If my appalling spelling offends you that much...dont read my posts.
    • DizzyBrunette
    • By DizzyBrunette 12th Apr 18, 12:36 PM
    • 4 Posts
    • 1 Thanks
    DizzyBrunette
    So I am extending my kitchen which has proved fairly expensive, and whilst I have a new Kitchen to pay for there has also been build costs which I have either self funded or put on my credit card. (This totals around 8k over both)

    I pay my card monthly by DD as well as adhoc payments to ensure I always pay above and beyond any minimum payments.

    I have Car on PCP and the usual household bills on DD therefore no chance of default or late payments.

    My question is.. when it comes to "Consolidating" these I have been refused despite having a 70% chance as advised on clear-score or offered ridiculous rates (my mortgage provider offered me 2.9% then quoted 18.9% shortly after)

    This has got me slightly obsessed with checking my credit score, looking for ways to improve my report and here is what it comes back with.

    Clearscore - 492/700 - 70% "Scoring high - stable"
    Experian - 785/999 - 78.5% - "Fair"
    Checkymyfile - 711/1000 - 71% "2/5 stars"
    Noddle - 543/710 - 76%"1/5 stars and poor"

    I have one associated person from 2007 which I have queried numerous times with different credit checkers and 2 late payments on Severn Trent Water which is a mistake and they have removed from my account.

    So I am really lost and given up all hope of a reasonable loan which would improve my monthly cash flow and reduce the number of accounts open!?
    • Gary_Dexter
    • By Gary_Dexter 12th Apr 18, 3:00 PM
    • 1,156 Posts
    • 649 Thanks
    Gary_Dexter
    Firstly as mentioned many times in this thread and others, ignore the scores.

    Why do the kitchen work if you couldn't afford it?
    • DizzyBrunette
    • By DizzyBrunette 12th Apr 18, 3:54 PM
    • 4 Posts
    • 1 Thanks
    DizzyBrunette
    Scores are being ignored, more to the point they are baffling and give no indication as to what the actual problem is.

    I don't think I have said I have ever struggled to pay any of it? I have chosen to fund it through short term finance rather than a long term mortgage (most people would re-mortgage or take out home improvement loan or withdraw savings) therefore saving money on interest.

    I would rather have my savings earning me money (all be it interest is low) and take advantage of the 0% or low rate as I can afford to do so.

    Consolidation would mean less DD's coming out throughout the month easier to sort your finances that is all!
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