Noddle rating

[theberengersniper]

Hi all,

 

I have a query relating to my overall score on Noddle. I understand that score can be all but ignored because it has no relevance to financial institutions, but still I wondered if anyone could offer any insight on why my score is what it is: 4/5.

 

Here's an overview of my situation:

 

I have a monthly after-tax income in excess of £2000.

 

I have two credit cards, one with the BoS that isn't used, ever. The other is with Tesco Bank and is used infrequently for modest amounts and always paid off in full each month.

 

I have a loan with Tesco Bank for circa £160/month.

 

I have a mobile phone contract for circa £25/month.

 

 

 

From my, admittedly layman's, perspective, it seems to me like I ought to represent a prime candidate for credit-worthiness, yet Noddle assess me as being only 4/5. My thoughts on why that might be are that having two credit cards means I have a large amount of credit available that I could theoretically get myself into trouble with (but never have). Do you suppose getting rid of the credit card I never use would have a positive effect?

[sleepingdog]

Hi ,4/5 from noddle is quite good mine is 1/5 yet when on experience credit expert becomes 996 and yet still can not get overdraft from bank that 1000s paid into it each month . I no longer show any interest in those figures given as the lenders all seem to use different variants when credit scoring .

Sleepingdog