Credit report and score

T8102

Hi all,

I'm a bit confused so hoping someone can help me.

I have being paying my debts off for a few years now, and I'm getting to the point where some of them are dropping off my credit report.

My debts are getting smaller, all of my agreed payments are made on time, and apart from 2 DCA reports on there which show that I defaulted back in 2010 ( I haven't missed a payment since, but it doesn't have anything reported on it since I defaulted even though the total owed reduces every month ) everything show as being up to date.

I order a credit score in Oct last year, and Ive ordered one today, but my score has actually gone down .. Can anyone tell me why this would be?

Also, in a few months time, one of the defaulted DCA accounts will be paid off in full. I know it will still report has having defaulted in 2010, but will it also then show as settled?

Thanks

[Deleted User]

The scores are pretty random and generally useless. Just concentrate on managing your accounts well.

The_Boss

T8102 wrote: »

I order a credit score in Oct last year, and Ive ordered one today, but my score has actually gone down .. Can anyone tell me why this would be?

Yes. As per previous comment the 'scores' are random and fictitious numbers based on guesswork. A shot in the dark, except the gun wasn't loaded. This issue comes up at least once a day and often more, so a quick search of the forum and you'd have found your answer many many times over.

Tixy

Once the defaulted account has been fully paid it will show as a satisfied default for the remainder of the 6year period.

A satisfied default looks better than unsatisfied (but obviously still doesn't look very good).

The defaults in 2010 - is this when you first defaulted/fell behind on repayments? I.e. is the date they ar using reasonable?