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  • FIRST POST
    • Blade200
    • By Blade200 11th Oct 17, 2:57 PM
    • 22Posts
    • 0Thanks
    Blade200
    Credit score
    • #1
    • 11th Oct 17, 2:57 PM
    Credit score 11th Oct 17 at 2:57 PM
    Hi

    My partner had a default for missed car payments which occurred 6 years ago. She has since payed the debt off and yesterday it dropped off her credit report. However her score went down! Is this normal?

    Thanks
Page 1
    • zx81
    • By zx81 11th Oct 17, 2:59 PM
    • 14,371 Posts
    • 15,146 Thanks
    zx81
    • #2
    • 11th Oct 17, 2:59 PM
    • #2
    • 11th Oct 17, 2:59 PM
    Of course. It's a meaningless number that reacts negatively to change.
    • Blade200
    • By Blade200 11th Oct 17, 3:03 PM
    • 22 Posts
    • 0 Thanks
    Blade200
    • #3
    • 11th Oct 17, 3:03 PM
    • #3
    • 11th Oct 17, 3:03 PM
    It's just I had seen in the mortgage thread that someone had a default drop off and their score rocketed up! My partner was in the red and she worked at it and was at top end of fair and now it's been knocked down.
    • StopIt
    • By StopIt 11th Oct 17, 3:12 PM
    • 1,449 Posts
    • 1,239 Thanks
    StopIt
    • #4
    • 11th Oct 17, 3:12 PM
    • #4
    • 11th Oct 17, 3:12 PM
    If you look at your neighbour in the wrong way you credit score will go down.


    Your score isn't really important, your history is. Weirdly, one less account is actually usually a bad thing, because very few active credit accounts, utilities and other accounts that report to the CRAs isn't good. Although in this case, it was a defaulted account, so that just shows the CRA RNG fun for what it is.


    Lenders like a good history, along with proof that someone is a steady, consistent payer. You could have a perfect score but get rejected for not actually having anything on your file to judge your payment history on.
    • zx81
    • By zx81 11th Oct 17, 3:17 PM
    • 14,371 Posts
    • 15,146 Thanks
    zx81
    • #5
    • 11th Oct 17, 3:17 PM
    • #5
    • 11th Oct 17, 3:17 PM
    It's just I had seen in the mortgage thread that someone had a default drop off and their score rocketed up! My partner was in the red and she worked at it and was at top end of fair and now it's been knocked down.
    Originally posted by Blade200
    Try bankruptcy*. Many people report a 999 score following that.

    *Don't try bankruptcy.
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