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    • glasgowm148
    • By glasgowm148 17th Feb 17, 2:49 PM
    • 109Posts
    • 181Thanks
    glasgowm148
    Massive jump in credit score?
    • #1
    • 17th Feb 17, 2:49 PM
    Massive jump in credit score? 17th Feb 17 at 2:49 PM
    Hey all,

    I just got my latest clearscore report and I've jumped from 186 to 349 - which puts me just below the UK average. It says 'No Changes available' for February so I can't see what's caused this. I've had 2 defaults forgiven, and paid another one off since my last report but this was done in the last week so I doubt that's being reflected yet. I've also dropped my credit debt from 2400/2300 to 2155/2300 according to my credit report. I've actually managed to clear down to 1500/2300 so I have no idea how it's jumped so much - is this maybe an error?

    I used the moneysavingexpert soft-check to check for balance transfer cards (if I could transfer my debt to a 0% card I'd save a fortune in interest) but I'm still showing as 0% acceptance for all the cards so I'm not sure what's going on?
    Capital One - 900/1250
    Barclay Card - 600/1050
    Overdraft - 2000/2100
    Personal Debt - 100/2000
    nPower - 1115/1115
Page 1
  • National Debtline
    • #2
    • 17th Feb 17, 3:33 PM
    • #2
    • 17th Feb 17, 3:33 PM
    Hi glasgowm148,


    Your score is nothing to overly worry about, as it is not seen by future lenders, it is really just an indicator of your overall rating. If things like defaults have come off the file and you have satisfied another debt then these are all positive indicators of your history so it means your rating is improving.


    It may still be too early to apply for more credit (such as a 0% interest card) but seem to be moving in the right direction. Remember, future lenders will only see your history - not your score. So, make sure you are on the electoral roll, not financially associated with anyone you don't want or need to be and keep taking positive steps to pay off debt and your credit history will continue to improve.


    Laura
    @natdebtline
    We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps
    • EssexHebridean
    • By EssexHebridean 18th Feb 17, 5:16 PM
    • 6,874 Posts
    • 37,078 Thanks
    EssexHebridean
    • #3
    • 18th Feb 17, 5:16 PM
    • #3
    • 18th Feb 17, 5:16 PM
    Ignore it - it's just a set of numbers. Use the MSE Credit Club to see a more wide ranging picture (Sounds like you may already be doing this?) and see your affordability if you're looking for 0% cards. Some great advice as ever from National debtline above.
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 1229.00/138.42
    • Fireflyaway
    • By Fireflyaway 19th Feb 17, 2:29 PM
    • 638 Posts
    • 626 Thanks
    Fireflyaway
    • #4
    • 19th Feb 17, 2:29 PM
    • #4
    • 19th Feb 17, 2:29 PM
    I'm guessing its the defaults and drop in credit card balance but I have also noticed my clear score data move up or down for no apparent reason. At least it went up and not down!
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