Clearscore - a double edged sword.

The algorithm is grossly inaccurate. I have 8 "Thing's you are doing well"and 1 "things to improve'' which is avoid making too many credit applications. A score of 648 out of 705 is given.

It's a double edged sword, you take a loan at a time when your credit score is not great. You better your credit score and then apply at banks to see if they willing to offer you a better rate elsewhere in order to bring the interest down as now your credit score has improved.

However you making that application to inquire about better rates has a negative effect on your credit score.

Its a all just a run around.