Experian Creidt score changed

parker419

My credit score has just been changed from Excellent to Fair by Experian for no apparant reason there have been no changes to my circumstnces. I am in the middle of trying to arrange a mortgage, I think this change will ruin my chance of getting a mortgage. Martin, what can I do about it, help!

_Andy_

Your Experian score is pretty much meaningless. Each lender will have its own scoring method

opinions4u

parker419 wrote: »

My credit score has just been changed from Excellent to Fair by Experian for no apparant reason there have been no changes to my circumstnces. I am in the middle of trying to arrange a mortgage, I think this change will ruin my chance of getting a mortgage.

Have you had some searches carried out by potential mortgage lenders?

Martin, what can I do about it, help

Martin tends not to reply personally to each thread .

Don't pay money for a credit rating. How Experian interpret you data will be different to how a potential lender will interpret your data. Experian dont lend you the money.

- save up a big deposit.
- pay all you commitments on time.
- pay more than the minimum payment on all credit cards.
- don't have an excessive number of searches carried out by potential lenders.

daymobrown

Apparently on the 1st of Nov they changed the way they calculate the scores. Stricter, Banks not lending etc. It's a total crock, I've been getting a score every couple of months for the last year, which is totally meaningless... time for an official complaint.