Experian score = 677
Discussion
big ant said:
Is this good or bad ?
25 year old, self employed, private tenant....is this score likely to hurt me getting mortgage, new tenancy, etc ??
Any advice appreciated as trying to sort my life out !
Cheers
Just keep all your accounts up to date and don't worry about the score.....25 year old, self employed, private tenant....is this score likely to hurt me getting mortgage, new tenancy, etc ??
Any advice appreciated as trying to sort my life out !
Cheers
it's not a bad score given it's out of 700!, IMO will allow you to get the best mortgage rates.
only thing to remember is that prior to getting a mortgage you need to be super careful with anything that will do a "hard search" or any finance agreements.
For instance: My clearscore credit rating was c600. Bought a sofa from DFS, and whilst I had the money in the bank for it, a 0% 3y deal seemed sensible. The hard search and finance agreement has almost halved my clearscore credit rating.
only thing to remember is that prior to getting a mortgage you need to be super careful with anything that will do a "hard search" or any finance agreements.
For instance: My clearscore credit rating was c600. Bought a sofa from DFS, and whilst I had the money in the bank for it, a 0% 3y deal seemed sensible. The hard search and finance agreement has almost halved my clearscore credit rating.
Efbe said:
it's not a bad score given it's out of 700!, IMO will allow you to get the best mortgage rates.
only thing to remember is that prior to getting a mortgage you need to be super careful with anything that will do a "hard search" or any finance agreements.
For instance: My clearscore credit rating was c600. Bought a sofa from DFS, and whilst I had the money in the bank for it, a 0% 3y deal seemed sensible. The hard search and finance agreement has almost halved my clearscore credit rating.
Did that last a long time before score going back up? I ask because my score dropped like 10% just from using my CC to buy a few things on Amazon, roughly £250, but score went back up after a month or so, probably from paying off cc.only thing to remember is that prior to getting a mortgage you need to be super careful with anything that will do a "hard search" or any finance agreements.
For instance: My clearscore credit rating was c600. Bought a sofa from DFS, and whilst I had the money in the bank for it, a 0% 3y deal seemed sensible. The hard search and finance agreement has almost halved my clearscore credit rating.
Spidersleg said:
Did that last a long time before score going back up? I ask because my score dropped like 10% just from using my CC to buy a few things on Amazon, roughly £250, but score went back up after a month or so, probably from paying off cc.
3 months later and it hasn't budged at all.I think that clearscore can't see my savings account so maybe thinks i'm broke? But whatever, almost halving a credit score from buying a sofa through credit whilst being on a comfortable wage surprised me. Fortunately I have no need for a good credit rating for the time being. Should I have needed to buy a car or house right now I would be quite scared!
TheAngryDog said:
These credit scores are pretty meaningless.
Here's an email I very recently sent to Clearscore on discovering 3 loans still showing as active (and being paid) which had been paid off YEARS ago.....Hi Gabrielle
Well that’s strange as other loans settled since 2012 have vanished once completed so ‘normally’ they don’t appear to be staying on the report at all.
These Lombard loans are also showing on Clearscore as being paid every month (right up to the present day). Is that ‘normal’ too?
VWFS (now Skoda FS) certainly seem to have some issue with Equifax but oddly enough those 3 x loans (unlike the Lombard ones) aren’t showing as being paid every month and give the impression of having stopped being paid last November.
As to displaying the wrong current address for me despite me being on the electoral roll at the real current address for some months it’ll be irrelevant soon as we’re moving again as I shall be informing the local CT office next week.
Of course the whole thing is of no consequence because, as previously stated, no-one uses Clearscore for credit checking anyway. So I suppose a Clearscore ‘credit report’ full of inaccuracy and nonsense makes no difference to anyone.
Yrs etc
I can’t help but feel (although very ‘tin-foil-hat’) that the scores are doctored in order to push the premium service of most credit scorers.
I was recently turned down by a company for 0% on a camera lens, but accepted by another a couple of weeks later (yes, yes, risky applying again so soon after the rejection). This is on a young(ish) homeowner with a stable income and a 620(ish) out of 700 score. The same person that was auto-accepted for a mortgage at 2.1% and a loan at 3.4% in recent(ish) past.
I used to worry about getting my credit score up by a few points - but as long as I don’t default on any payments and don’t max my credit card, I can’t see there being a problem.
TL:DR, slow down and smell the flowers, OP, that’s what I’m doing and I’m on the Internet, so I must be correct.
I was recently turned down by a company for 0% on a camera lens, but accepted by another a couple of weeks later (yes, yes, risky applying again so soon after the rejection). This is on a young(ish) homeowner with a stable income and a 620(ish) out of 700 score. The same person that was auto-accepted for a mortgage at 2.1% and a loan at 3.4% in recent(ish) past.
I used to worry about getting my credit score up by a few points - but as long as I don’t default on any payments and don’t max my credit card, I can’t see there being a problem.
TL:DR, slow down and smell the flowers, OP, that’s what I’m doing and I’m on the Internet, so I must be correct.
Totally my fault for relying on the paper statement, but I recently missed a payment on my HSBC credit card. Always relied on statement coming through post and then I would pay it in full. I found out about it on my next statement which had a missed payment charge added! I should of done it before but now have instructed my bank to automatically pay off (in full) my credit card each month. I never really thought about it before, but would this affect my credit rating? It's the first time it's ever happened - banked with HSBC for 20+ years - had credit card for at least 10 years - always pay off in full each month. Never had any issues with credit, loans etc in the past. Am I on the naughty step? 
joyless lobotomised parrot said:
Of course the whole thing is of no consequence because, as previously stated, no-one uses Clearscore for credit checking anyway. So I suppose a Clearscore ‘credit report’ full of inaccuracy and nonsense makes no difference to anyone.
Clearscore is owned by Experian.Phooey said:
Totally my fault for relying on the paper statement, but I recently missed a payment on my HSBC credit card. Always relied on statement coming through post and then I would pay it in full. I found out about it on my next statement which had a missed payment charge added! I should of done it before but now have instructed my bank to automatically pay off (in full) my credit card each month. I never really thought about it before, but would this affect my credit rating? It's the first time it's ever happened - banked with HSBC for 20+ years - had credit card for at least 10 years - always pay off in full each month. Never had any issues with credit, loans etc in the past. Am I on the naughty step?
Missed payments are not removed from the credit history file sadly. It’s a factual data snapshot - likely will not impact anything but you MUST have all credit cards set on the main payment DD to avoid any situation where something goes wrong. I had an issue last summer found a text whilst on holiday in the morning sorry due to IT issue the credit card min payment has not been taken. So I had to call up the bank from overseas and somehow get to a position that meant the payment went through (no laptop no special machine for pinsendry with me).
Isn't it incredible how much rumour and heresay there is around credit reports???
I've had missed payments on my file in the past and they are no longer on there, so they must be removed at some point.
In fact, I recently missed a credit card payment, I forgot to pay the minimum amount by the due date, yet on my Expedian credit report it says "no missed payments".
So who knows what the rules are!
I've had missed payments on my file in the past and they are no longer on there, so they must be removed at some point.
In fact, I recently missed a credit card payment, I forgot to pay the minimum amount by the due date, yet on my Expedian credit report it says "no missed payments".
So who knows what the rules are!
CzechItOut said:
joyless lobotomised parrot said:
Of course the whole thing is of no consequence because, as previously stated, no-one uses Clearscore for credit checking anyway. So I suppose a Clearscore ‘credit report’ full of inaccuracy and nonsense makes no difference to anyone.
Clearscore is owned by Experian.>>How ClearScore works
It's important to note that ClearScore is not a credit credit reference agency, and lenders do not use ClearScore to carry out credit checks on you.
We provide you with access to the credit data that Equifax hold on you, which banks and lenders will use when assessing your credit worthiness.
Lenders will not be able to see how ClearScore is showing your credit information to you. So if there is something not quite right in how we’re displaying your information, this will not have any effect on your credit worthiness.<<
My 'report' is full of nonsense. I suspect many others' are too.
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