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Confused
keithboy40
Posts: 303 Forumite
I have just paid off a credit card debt worth £7000. The account has been settled and some how my credit rating has dropped. Anybody know why?
I haven't taken on new credit for over 6 months, only had one search on the last 12 months and never missed a payment on any credit cards or loans.
I would have thought getting rid of debt would improve my rating.
I haven't taken on new credit for over 6 months, only had one search on the last 12 months and never missed a payment on any credit cards or loans.
I would have thought getting rid of debt would improve my rating.
0
Comments
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It could be that by reducing your available credit, you're now using a high proportion of what's still available to you. You know that the actual scores given by rating agencies are meaningless? Each lender will use its own criteria."Save £12k in 2019" #120 - £100,699.57/£100,0000
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