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credit rating what the hell??

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checked my credit rating 4 days ago and i had a score of 993, went on today to check something else and noticed the score has dropped to 948.. a drop of 45 points for what? nothing has changed or been updated since i checked a few days ago so whats going on can anyone shed some light?

Comments

  • shaunnnny
    shaunnnny Posts: 33 Forumite
    i was under the impression the credit score in itself doesnt really mean anything im under the impression that its there as a guide only i could be wrong tho
  • sfax
    sfax Posts: 1,154 Forumite
    checked my credit rating 4 days ago and i had a score of 993, went on today to check something else and noticed the score has dropped to 948.. a drop of 45 points for what? nothing has changed or been updated since i checked a few days ago so whats going on can anyone shed some light?

    The real question is: why does it matter and why are you looking at your Experian score at all? Your personal score (the one you pay for or get on your free trial) is completely irrelevant and not seen by any lenders. The data in your three credit reports is the only thing that matters.

    Refer to any number of posts on this forum where people have 999 but can't get any credit if you don't believe me
  • You-kip
    You-kip Posts: 499 Forumite
    checked my credit rating 4 days ago and i had a score of 993, went on today to check something else and noticed the score has dropped to 948.. a drop of 45 points for what? nothing has changed or been updated since i checked a few days ago so whats going on can anyone shed some light?

    Do you ever say to yourself when you login to Experian and a 993 score pop up which is excellent' how the hell am I scoring this high with a default on my file?
  • izools
    izools Posts: 7,513 Forumite
    1,000 Posts Combo Breaker
    You-kip wrote: »
    Do you ever say to yourself when you login to Experian and a 993 score pop up which is excellent' how the hell am I scoring this high with a default on my file?

    Oh it gets worse, I have a "score" of 980 with a bankruptcy order and six defaults on my credit file :rotfl:
    Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
  • You-kip
    You-kip Posts: 499 Forumite
    izools wrote: »
    Oh it gets worse, I have a "score" of 980 with a bankruptcy order and six defaults on my credit file :rotfl:

    Lol I know its scandalous.

    Can you remember Izools when James Jones offered you a Job
  • izools
    izools Posts: 7,513 Forumite
    1,000 Posts Combo Breaker
    You-kip wrote: »
    Lol I know its scandalous.

    Can you remember Izools when James Jones offered you a Job

    He did what when?

    Was this in some parallel universe? The way I spoke to that guy sometimes I'm surprised he didn't report me :p
    Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
  • JohalaReewi
    JohalaReewi Posts: 2,614 Forumite
    checked my credit rating 4 days ago and i had a score of 993, went on today to check something else and noticed the score has dropped to 948.. a drop of 45 points for what? nothing has changed or been updated since i checked a few days ago so whats going on can anyone shed some light?

    https://forums.moneysavingexpert.com/discussion/4532933
  • The_Boss
    The_Boss Posts: 5,856 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    izools wrote: »
    Oh it gets worse, I have a "score" of 980 with a bankruptcy order and six defaults on my credit file :rotfl:

    Come on James Jones and the credit score apologists - in the words of Delia Smith "Where are you? Come on! Let's be 'avin' you"
  • datlex
    datlex Posts: 2,252 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Credit Scores are funny things- some times I think it depends on silly things like the colour of your top when you log in......
    Paid off the last of my unsecured debts in 2016. Then saved up and bought a property. Current aim is to pay off my mortgage as early as possible. Currently over paying every month. Mortgage due to be paid off in 2036 hoping to get it paid off much earlier. Set up my own bespoke spreadsheet to manage my money.
  • The_Boss
    The_Boss Posts: 5,856 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    datlex wrote: »
    Credit Scores are funny things- some times I think it depends on silly things like the colour of your top when you log in......

    It's true - people who wear green are more likely to be good risks than those that wear blue - FACT
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