Credit rating dropped 200 points in a month

matttye

100saving wrote: »

so Experian, Equifax or Noddle mean nothing?

The information contained in your reports has meaning, but the scores don't. They score you in the absence of knowing whether you're employed, your marital status and what you earn. That alone should tell you all you need to know about them.

londonTiger

people need to stop worrying about some arbitrary numbers.

Experian_company_representative

It's not unusual for a typical lender's view of your creditworthiness (your credit rating) to drop immediately after you've applied for and taken on some new credit agreements - and your credit report score will mirror this. But after a few months any negative effect of the new activity should diminish, as long you as don't apply for anything else. It's certainly worthwhile spacing out your credit applications if you can.

James

You-kip

Mr Jones you must despise this forum because your treasure of gold(scores) really gets a hammering on here.