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Community » Forum » Help » Credit score

17th Nov 2017 18:54:55
Hello,

Can someone clarify how the crefit score is calculated?

I had 1 loan of 5 payments, all if which were paid off automatically but the score on my profile is 60%.

Could the second loan which I applied for but subsequently cancelled be behind the discrepancy?
Gluten Moderator
17th Nov 2017 19:49:37
Hi,

After a solid investigation it turns out that 2 of 5 payments failed when automatically charging, and you paid them off manually. Does this sound right to you?
17th Nov 2017 20:13:24
Following this: little suggestion (not a priority) to both make it more usefull and less confusing.

Maybe make the creditscore transparant with:
- Full credit-report of the payment history (and whether the payment went through or not) that count towards the creditscore (visible only to the player himself).
- Ability to share a copy of the personal credit-report in case a bank asks for it when applying for a loan.
17th Nov 2017 20:31:50
Quoting Gluten:
Hi,

After a solid investigation it turns out that 2 of 5 payments failed when automatically charging, and you paid them off manually. Does this sound right to you?


I admit I didn't realise the payments were automatic initially and so was paying them manually each day. I don't remember if the automatic ones failed first, but thank you for looking into it :)