Credit scoring, experian & cancelling memberships?

izools

Ignore the score.

Having less credit available to you will increase your credit worthiness unless you now have a high debt to limit ratio.

MoneyWasting_Expert

K_P83 wrote: »

Strange one this (to me).

I've done no more applications since i last checked my file (which had a score of 882). All i've done is cancel my £4,200 Halifax overdraft & get in touch with first direct to remove my £500 overdraft.

I check my score today ... dropped to 845.

Am i supposed to have whopping overdrafts or something?!

How has the information changed on the My Report page with Experian compared to when you had the extra credit? Also have those changes yet been reflected on your credit report?