I have an Experian Credit Score of 999?!

11 replies
Found 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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11 Comments

Noone has a 'credit score'. /thread

Original Poster

Grimer

Noone has a 'credit score'. /thread



Thread title changed as appropriate ^_^

Banned

Who really cares?

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.

Original Poster

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 by: "Shadow-360" 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

Banned

Still - who really cares

Original Poster

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 .

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

Original Poster

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.

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.
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