I have an Experian Credit Score of 999?!

Posted 23rd May 2011

So I just went on Experian to check up on my report, I've been applying for quite a few Contracts recently (All passed) so thought I'd check my score.

Now, the very first time I checked (last year) it was around 850, then It went down to 790 a couple of months ago, now today It's 999? o.O

I'm a student and not even 20 yet, though that being said I have a Lloyds Student Credit Card (I buy a little and pay off asap each month) as well as a current account which is never overdrawn, a t-mobile contract, and an O2 Current contract, I also have an O2 18mth contract at 35 per month which was settled a few months ago.

So based on the above, a score of 999 is expected guys? Don't want to seem like a bit of a twit, though I always assumed the more contracts you have, the more you're borrowing which decreases your credit score -.- Not to mention I'm a student and unemployed, most in my situation usually have bad scores so was just curious as to your thoughts guys.

Thanks!

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Anonymous User
23rd May 2011
Noone has a 'credit score'. /thread
Author
23rd May 2011
Grimer
Noone has a 'credit score'. /thread

Thread title changed as appropriate ^_^
23rd May 2011
Who really cares?
23rd May 2011
Credit 'scores' are fabricated by the Credit Agencies to make you think you're getting something for your money. Fact is, if you're paying for a credit 'score', you're not as financially savvy as you might think.
Author
23rd May 2011
VanDutch
Credit 'scores' are fabricated by the Credit Agencies to make you think … Credit 'scores' are fabricated by the Credit Agencies to make you think you're getting something for your money. Fact is, if you're paying for a credit 'score', you're not as financially savvy as you might think.

Fair enough, and good point, I was always a bit obsessed with the 'numbers' side of It though I'm assuming that's naive of me.

Ahh well, take It easy people, I'm still a learner -.- And thanks for the replies.

/thread

(edited)
23rd May 2011
Every company uses different criteria for credit, ergo no global 'score'. It's good to see your history to check there's nothing on there that shouldn't be though I suppose
23rd May 2011
Still - who really cares
Author
23rd May 2011
sancho1983
Every company uses different criteria for credit, ergo no global 'score'. … Every company uses different criteria for credit, ergo no global 'score'. It's good to see your history to check there's nothing on there that shouldn't be though I suppose

Yeah It's the only reason I signed on for a Trial, now I can't be bloody arsed to Cancel -.-

@dimebars - Rest assured point taken and noted .
23rd May 2011
There was a good thread on MSE which explained the '999' score from credit agencies as people have been frustrated thinking that if they have a 999 credit score they shouldn't have any issues applying for credit but then have been turned several times when doing so. The long and short of it is that the way Experian calculate your credit score is different to how companies taking credit applications perform the calculation.

John
Author
23rd May 2011
Johnmcl7
There was a good thread on MSE which explained the '999' score from … There was a good thread on MSE which explained the '999' score from credit agencies as people have been frustrated thinking that if they have a 999 credit score they shouldn't have any issues applying for credit but then have been turned several times when doing so. The long and short of it is that the way Experian calculate your credit score is different to how companies taking credit applications perform the calculation.John

Informative Post, thank you, will be looking into that thread, I guess what I can take from my 'score' is that I'm on the right tracks Credit Wise though with that being said It's certainly not the be all and end all.
24th May 2011
the more credit you can show a record of paying the better..if you dont show you owe how can you show you will pay? if you have a history of missing and lates your score will go down.
ofcourse companies use different criteria...some have judged by others living at your address!
its a good thing to check it annually anyway.
12th Mar 2019
Johnmcl723rd May 2011
There was a good thread on MSE which explained the '999' score from credit …There was a good thread on MSE which explained the '999' score from credit agencies as people have been frustrated thinking that if they have a 999 credit score they shouldn't have any issues applying for credit but then have been turned several times when doing so. The long and short of it is that the way Experian calculate your credit score is different to how companies taking credit applications perform the calculation.John

It is and CRAs don't know your income. The number is meaningless. Lenders all have their own criteria and they don't see these scores given by agencies.
In the US they do have a universal credit score instead. But not the UK.