Why is ClearScore different to Experian?

Asked by: Jaren Huels  |  Last update: February 9, 2022
Score: 4.6/5 (17 votes)

Experian is a credit reporting body. ... ClearScore is not a credit reporting body itself: it gives you access to the data that Experian holds on you. We do this for free, because we don't think people should have to pay to access their own information.

Why is Experian score different to ClearScore?

Your Experian, Equifax and Callcredit scores may be slightly different. This is because not all lenders report to every credit reference agency.

Is ClearScore a reliable credit score?

According to customer review site Trustpilot, ClearScore is a "great' company, with a score of 4.1 out of 5.0, based on almost 5,000 reviews. 71% of reviewers deemed it to be "excellent", with reports of good customer service and a fast turnaround time on correcting inaccurate information included in credit reports.

Is ClearScore owned by Experian?

In March 2018, Experian announced plans to acquire ClearScore for £275 million ($366 million).

Is Experian credit score accurate?

Is Experian Accurate? Credit scores from the credit bureaus are only as accurate as the information provided to the bureau. ... If it is, your Experian credit scores are accurate. If your credit report is not accurate, you'll want to look into your credit repair options.


37 related questions found

Which is better Experian or cibil?

However, in India, the CIBIL business credit score has the edge over the Experian one because nearly 90% of Indian banks and financial institutions have tied with CIBIL. In short, if you own a business in India, then the CIBIL score can do more for your business when you need to get a loan from a bank, than Experian.

Is Experian usually the lowest score?

Credit scores help lenders evaluate whether they want to do business with you. The FICO® Score , which is the most widely used scoring model, falls in a range that goes up to 850. The lowest credit score in this range is 300. But the reality is that almost nobody has a score that low.

Which CRA does ClearScore use?

Experian's score is out of 999, TransUnions' is 710 and Equifax, the CRA that we use here at ClearScore use, have 1000.

Where does ClearScore get its information from?

ClearScore gets your new report from Experian once every month. This usually happens on or around the monthly anniversary of your sign-up date.

What is the highest credit score on ClearScore?

At ClearScore, we show you your credit score provided to us by Experian (our data provider). This can range from 0 - 705, with 705 being the highest. The higher your score, the more likely you are to be offered credit. A higher score also means that you could be eligible for better interest rates and deals on credit.

Should you link your bank account to ClearScore?

It's completely safe and secure, and you can unlink at any time. Linking your accounts gives you the option to share your data with banks, lenders and other product providers. If they have a more detailed picture of your income and spending, they might give you better deals when you apply for credit.

Is 490 a good credit score UK?

Equifax scores range from 0-700. 380-419 is considered a fair score. A score of 420-465 is considered good. A score of 466-700 is considered excellent (reference: https://www.finder.com/uk/equifax).

What is a poor credit score on Experian?

With the newer VantageScore models, a score of 601 to 660 is considered to be fair, while a score of 500 to 600 is poor. Scores between 300 and 499 are very poor. Applicants will not likely be approved for credit.

Is 484 a good credit score on ClearScore?

A 484 credit score is a poor credit score. It makes it very difficult to qualify for credit or even apply for an apartment but it can absolutely be improved.

How do you get a 700 credit score ClearScore?

How to improve your credit score in 10 easy steps
  1. Use a credit card little and often.
  2. Only use 30% of your credit limit.
  3. Fix mistakes on your report.
  4. Get on the electoral roll.
  5. Avoid making multiple credit applications in a short space of time.
  6. Use an eligibility checker.
  7. Get your name on some bills if it isn't already.

Why are my two credit scores so different?

There are many different credit scoring models available on the market, so your score can vary between lenders depending on which model they choose. It can also vary depending on which credit bureau the information was taken from because of differences in the information being reported to each of your credit reports.

Who do ClearScore use in the UK?

Your credit report and score is provided to us by Equifax. They are one of three credit reference agencies in the UK.

Why are my 2 credit scores so different?

If you've ever checked your credit score on different websites, you may notice they vary. ... Most credit scores weigh the same factors, such as payment history, utilization rate, length of credit history, number of new inquiries and variety of credit products.

Which lenders use Experian only UK?

There are some lenders in the UK who only check for information with Experian only. These include; Co-operative Bank, Nationwide, Vanquis, Virgin Money and Yorkshire Bank & Clydesdale Bank.

Which banks use Experian in South Africa?

Capitec Bank In South Africa Selects Experian For Debt Management And Collections. Capitec Bank has selected Experian, the global information services company, to help it enhance its debt management and collections activities.

Do mortgage lenders use Experian UK?

UK mortgage lenders tend to use three credit reference agencies ; Experian, Equifax and TransUnion, although there are many others that are referred to by lenders across the UK. ... This can be frustrating because one lender may refer to Experian and use their scoring system whereas another may use data from Transunion.

Which credit bureau is most accurate in South Africa?

At the centre of the South African economy for more than 100 years, TransUnion Credit Bureau maintains data on 18 million consumers and 3.3 million businesses, keeping updated consumer payment profiles on more than 36 million consumers monthly.

What is the lowest credit score UK?

They rate their scores as follows:
  • 0 – 560 Very Poor.
  • 561 – 720 Poor.
  • 721 – 880 Fair.
  • 881 – 960 Good.
  • 961 – 999 Excellent.

Which credit score is the hardest?

The highest credit score you can have on the most widely used scales is an 850. For common versions of FICO and VantageScore, the scale ranges from 300 to 850 and lenders typically consider anything above 720 excellent credit.