Current account application

MissPee05

Hi

I have 2 defaults on my credit score and one public record which I need to look into more as i don't no what it. My credit score was fair. However I recently applied. for a current account online with my bank as I only have a cash card at the moment. I currently have a credit builder credit card with. A £750 limit.

Since applying for the current account it has added a negative factor to my report for opening a new account. my credit score has gone from fair to poor? I haven't heard anything from my bank in regards to my application so not quite sure what happening ? Why has my credit score changed

Please advise as I'm really trying to mend my credit score.

CherlokHomes

You can't mend something that doesn't exist(credit scores) but you can improve your credit file by paying on time and not missing a payment and getting a long history of managing credit lines.

It's all about lowering your risk to lenders and with your defaults on your file you will carry a high risk until these drop off your files.