ClearScore scores

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FormerlyST1100
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by FormerlyST1100 » Tue May 30, 2017 10:05 am
It is coming up to 2 years since the end of my 5 year IVA in around 3 months time and I have been keeping an eye on my credit score on ClearScore.
I have been informed by Capital One that they are going to raise my credit limit from £1000 to £2000 in June.

My credit rating on there has gone up gradually but I am still a little confused as to what they class a good credit rating etc.
It went up a few months ago to 475 and just this month to 487 and hopefully, once the credit limit takes force then it could go up again.
It says on the report that the Average Rating locally is 408 and that of the UK 380.

So does anyone know what mine of 487 means and what they class as good or excellent?
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kallis3
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by kallis3 » Tue May 30, 2017 10:26 am
Mine is less than yours and I have been able to get several cards! Not used them all I hasten to add!!! :lol:
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luna
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by luna » Tue May 30, 2017 8:57 pm
Hi

I have a similar score on clearscore and noodle but a 999 score on Experian.
The first two just tell me a negative point is I have no credit cards.
They just seem like broker's to me.
I think Experian is the one most used.
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Ryan
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by Ryan » Wed May 31, 2017 1:39 pm
Where mortgages are concerned the actual score isn't too important for us it's more important that the 3 reports are clear.

Experian have advised us that a 999 score is actually a false score - quite a few people have it but it normally means that they can't find people (generally down to a lack of credit being taken in the last 6 or so years where IVAs are concerned) - so it sounds great but it's quite misleading unfortunately.

Regards
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Foggy
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by Foggy » Sat Jun 03, 2017 5:10 pm
The credit scores from all of the companies are meaningless .... creditors do not even see them ! They are a tool for you to guage your "creditworthyness" in simple terms (and a device to sell you their subscription services). What future lenders will look at is your history, so far as it is recorded ... can you handle credit ?
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