No, I'd recommend you check a free one like Noodle and speak to a good broker before applying for a mortgage. Those that know their business will also know how the internal checks within banks work. (FYI - banks don't use experian etc)

Yes, mine worked for a couple of weeks then I've been locked out ever since, despite confirming all the relevant details. You seem to have no right to reply either.

I have heard, don't quote me if it's not true, but these companies are making far more money selling you a Credit Report / Score than selling your personal information to debt companies.

Really, I read this on MSE

moneysavingexpert.com/cre…nce

Sounds like another moneymaking scheme for Martin Lewis

Wrong... check your sources before posting false information.

I had something like that and didn't understand the "very week" with the 999 and 99% as well.
Maybe something is wrong with their calculation.

I was surprised to see that the outstanding finance on my car (only done because it was £1500 cheaper that way, I wanted to pay full price all in one go) is listed as Ballon Hire Purchases.

I also wonder why there is a separate affordability score for loans and cards. Surely if you can afford one you can afford the other?

IMPORTANT NOTE: We asked lenders which agencies they check. If we don't have official information, we have used the experiences of MoneySavers (highlighted in tables). With thanks to forumite Underground, for compiling this data.

This is anecdotal evidence without any reference to what questions they asked the banks.

It's fairly common knowledge that most large banks have their own mechanism to 'rate' your creditworthiness. Do you really think financial institutions rely on consumer-based companies to decide which retail customer to lend to?

Think about it for a moment. If you had the funds, would you rely on these companies to decide who to lend money to, or would you do your own due diligence?

The answer is no. They have their own teams, that develop their own principles and metrics based on their banks risk appetite. They also use more than your name and address asked from Experian.

The owners of of these consumer companies are just making money from providing a basic assessment of your credit worthiness. Nothing more. Which is why coming back to my initial point - you should get a basis check and then discuss with someone who knows a bit more about how it works.

thanks for the post. Can someone tell me who is "shop direct finance company ltd" in my credit report it says i own them £4 but i never use them

I know that Very uses them, so perhaps that will help you to investigate this further.

Littlewoods too

As an underwriter for one of the big UK banks, i can confirm that we do indeed use our own lending criteria. This involves scoring the client for credit worthiness, one step of which is doing an Experian check. So, you are partly correct.

I just notice you will need to put all you personal sensible information such as DOB, Address through MSE credit Club.

Just wonder wether this is the correct thing to do ?? I do not mind to pu my personla information to Experian as they have it anyway but not MSE.

Those who have tried did you put your personal info Via MSE or direct to Experian ??

Surprised not many people have cottoned on to this fact

I'm still in shock that I actually got accepted for a CC via this link! oO

Me too, got a 6k Balance Transfer card that has took all my debts off high interest credit cards for 37 months!

I saw it say 100% and thought..... nah! :grin:

5 minutes later, its sorted and will save a fortune.

Thanks OP.

I've stayed put, £8000 available on credit cards with balances all under £100, 850 and my hit rate is... 10%!!! X) X) I thinks it needs some tweaking!

I have been using this service since it started, along with Clearscore and Noddle. Out of the three, the service provided by MSE was the best in my case, it gave a good picture of my credit history. Noddle on the other hand was the worst, stating I have a Two out of Five and pushing me to get there credit builder service, which of course has a small fee attached to it. Do any major lenders even use Callcredit as a basis for your credit history? Plus, Noddle recommended the worst credit cards to apply for....bet they get a nice referral fee for those.

Anyway, your credit score provided by all these services is just a basic algorithm. I have seen users with a poor score because they have no debt, and others with debt and poor repayments with a higher score. In other words, if you no debt and hardly any credit cards, you get a poor score because they cannot asses your ability to repay your loans.

I don't agree or think anyone should pay for these reports, credit builder services in my opinion are a bit of a scam, just pay your bills and make sure your debts are clear, simple.

​theres is a possibility anytime you give out any information
you don't give them your passwords

tried to register, but was logged out without showing anything, after trying to transfer to experian.
Anything similar happened to anyone?

Different lenders use different agencies to check your credit report,
Here is a list of who uses which: moneysavingexpert.com/cre…nce

- As you can see, Experian is the most used, so getting this report for free is excellent.
As others have said previously, to get the full picture, you'd want to see the report from all 3.

So nice to complete the list and get 3/3:

I get this error message under both my credit score and affordability score :

Loading seems to be taking longer than usual. Please try again later.

and no score is displayed.

anyone knows why??

or Very.

Its the middle of the night. Probably updating the data for an hour or two a night.

To quote from just a few posts above:

Hmmmm take these scores with a pinch of salt!..... it says mine as being a perfect 999/999 but have had quite a bit of debt in the past.

Thanks. It's about time.

How is it that via MSE Credit Club it says my credit score is 999 but on Clearscore it is 475? It's very strange!

is MSE regulated by financial regulator ???
What happen if they misuse your data ??

seems to be an issue with the mse part - disposable income very weak even though high pay and low mortgage payments

Just out of curiosity, why are so many people prepared to hand over their entire credit history to the MoneySupermarket Group (which owns MSE)?

Name, address, phone number, every bank account, every credit account, every credit card account, all the balances, details of payments, every other detail too.

Would you be prepared to hand all that over to any company? Tesco, maybe, John Lewis, Aldi, WH Smith? I'm guessing not.

So why is Moneysupermarket Group so trustworthy? Are you really happy that if you sign up to this they'll have all that personal and financial data about you? I'm not! oO

Nice find OP Heat Added

As someone already mentioned (with Barclaycard), your credit card company might be offering this for free, so take it up there.

There's a valid point in there. But I don't know that a person has to disclose all those details to MSE and certainly not all those details are passed on beyond MSE.The privacy policy states what details they collect and it's not all those. Credit reference agencies already have data on everyone based on what utilities and lenders automatically share. People concerned should read the terms and conditions. It says the data is only being shared with Experian and data will be used to make recommendations (see post 19 why MSE are doing this). The terms don't state they'll sell the data to any third party (post 26 appears wrong), meaning they can't lawfully do that as there has to be explicit consent to that. Or the Information Commissioner could severely fine them and MSE' credibility would be over. So it doesn't sound as bad as getting quotes for insurance off various quote sites. There every time you do that, it appears that your details are shared with every insurer under the sun (although even then I'm not 100% sure whether the insurer gets your details at the price comparison stage or only once you click on more details and go thru to the insurer's website to complete the quote).
And NB Barclaycard as someone else correctly stated in a previous reply only give a free credit score, not report.

My concern is that Moneysupermarket Group will have full access to all the personal and financial data that Experian hold - and I don't have sufficient faith in it to trust it with it. It isn't just the use to which that data might be put, it's also the risk of its being hacked into, or misused by rogue employees. These things do happen, and whilst the Experian security will be as good as it reasonably can be, I doubt very much whether the same levels of security will apply to Moneysupermarket Group for reasons of cost.

TalkTalk cut corners on security to keep costs down, and look what happened. This information is many, many times more sensitive and valuable than anything TalkTalk held.

Gotcha. Fair points. I've no idea how good their security is. But I agree with the wider thrust of your concerns. Many people don't think about giving up their mobile, dob etc to third parties. I became more cautious when I learnt that even when you enter free competitions, sometimes in the fine print you're consenting to them selling on your data. I don't often store my credit card on websites these days due to hacking concerns. Good on you for raising it, lots of people don't know about these issues, and let's face it, most of us trust large organisations. But as you say, they're not all operating the same IT security, hacking/rogue employees is always a risk.

USELESS!! I got credit score accounts with Experian itself through my barclaycard...And also accounts with noddle and Clearscore.. But through credit club I get this! What a waste of time..

Sorry, but you have failed the Experian identification process. This means that Experian was unable to verify your identity from the details you provided. The information that it holds on you is very sensitive so it can't allow access unless it's sure you are who you say you are.

Unfortunately this does happen to a small proportion of people, for a number of different reasons. Here's what to try:

Check you entered your personal details correctly

If any of these answers are wrong, this may prevent Experian from authenticating you. In particular, watch out for the following:

Have you entered your full name, and not a nickname (eg, Tom instead of Thomas)?
Is your date of birth correct?
Is your current address correct?
Have you checked previous addresses are entered correctly, and that the dates you moved in and out are accurate?
Have you added a full six years of address history? This is optional after the first two addresses, but the more detail you can supply, the better your chances of getting verified.
Are all other personal details correct?

Annoyingly it can't verify me so won't let me register :disappointed:

Check with your credit card company - they might be offering the same for free. Barclaycard does for example.

Didn't pass the verification because Experian don't know what they're talking about. Asked about who I have my personal mobile/phone/broadband with, twice, well, I only have a mobile contract in my name. They must have got confused with the broadband in my brother's name for the other question.
Doesn't say much for their accuracy.

​same but other credit ppl got it

Website works really well only signed up because I trust Martin Lewis.

Since moneysupermarket gave him a huge payday lets hope it lasts..

I believe we can only see the score with Barclaycard, is that right? I can not see the report. thanks

If you sign up via MSE, using the Get Deal button above, you can access the full report:

But also allow MSE (or rather, MoneySupermarket Group) access to all your personal financial information. No thanks!