Can anyone explain why they are voting cold on this? Free cashback and an insight into to how others view your credit worthiness - ignore it if you don't like it, and take the cash back.
That's interesting and long what I suspected. I have access to both my noodle and Experian reports and I've noticed some things over the past two years... 1. The searches that money super market do when searching for the best home insurance and car insurance for me all go through noodle as they never show up as a search on my Experian. 2. HSBC searches (when they have increased my credit card limit) only show on Experian. 3. Noodle shows all they searches as my impacting on my credit score but Experian shows the ones that impact the score for up to a year. 4. Everyone I have applied for credit they have requested a copy of my Experian credit report never the others. 5. Leeds building society, my mortgage provider, do not show up on noodle or Experian as having carried out a search. That's strange as my mortgage is only 3 months old so I can only assume they used Equifax. The whole thing is a farse IMO and I bet all rating agencies have they own score mechanism which kind of makes the whole system redundant as you can't really compare apples to apples.
I work in finance and its widely rumoured that Call Credit (The company behind Noddle) intentionally score lower in order to sell their premium 'improve your score' packages. No proof of this, just a general theory. They were offering free reports way before some of the big players and could easily be a part of that business model. I'm personally exactly the same - excellent with both Experian and Equifax but average to poor with Noddle reports. Make of it what you will :)
It should be noted that different companies use different credit agencies such as HSBC who use Experian so just because you have a good or bad score at noodle it might not be reflected at the other credit agencies. For example... My noodle score is rated "fair" yet my Experian score is rated as "very good"
Unsure why this is getting cold votes. Free credit report plus cashback...