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Credit Score
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borolee1973
Posts: 8 Forumite
I rencently paid off some credit cards, and then closed the accounts down
to my suprise my credit score has gone down
is this normal??
to my suprise my credit score has gone down
is this normal??
0
Comments
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Take no notice of the credit agencies "scores". It's a random number they generate based on how they judge your credit file.....that's all.
Lenders have their own scoring criteria and that's what counts. Credit agencies don't lend you money....
Just ensure all the data on your file is correct, up to date and your on the electoral roll.0 -
borolee1973 wrote: »I rencently paid off some credit cards, and then closed the accounts down
to my suprise my credit score has gone down
is this normal??
You don't have a credit score.0 -
It amazes me the amount of people that think they have a credit score even though people keep telling them they don't!
This marketing by Experian et al is some of the best that there has ever been.0 -
It amazes me the amount of people that think they have a credit score even though people keep telling them they don't!
This marketing by Experian et al is some of the best that there has ever been.
It's all set up nicely for Experian (and Equifax to fleece people).
Step 1 - you get rejected for a financial product
Step 2 - you get a letter or email from the lender saying they use data from credit reference agencies such as Experian, or name them further down
Step 3 - you log onto the Experian website and the first thing you see is marketing for their fictitious "credit score", think that must be it and then part with your hard earned dosh then go on believing this random number is an important "score".
Also doesn't help with Experian's very dodgy TV advertising. "Your Experian credit score is yours" - erm, yes, but you don't say it means diddly squat in the real world - you're happy to mislead people into thinking it is more than it is.0 -
I'll give you a credit score for a fiver.Littlewoods £0/£750
Barclaycard £0/£1,000 @ 0% Nov '18
Goal: To be debt free by Oct' 31st 2016.
Now debt free!!!0 -
Is that £5 a month a year or a one time only payment for a lifetime membership?
I only charge £4.99 for a lifetime membership to my credit scoring system. Today only yours is free.
Your score is 3 hobnobs and a budget brand jaffa cake equivalent.
Join today for more fruity treats.. Oops i means credit scores.Censorship Reigns Supreme in Troll City...0 -
forgotmyname wrote: »Is that £5 a month a year or a one time only payment for a lifetime membership?
I only charge £4.99 for a lifetime membership to my credit scoring system. Today only yours is free.
Your score is 3 hobnobs and a budget brand jaffa cake equivalent.
Join today for more fruity treats.. Oops i means credit scores.
Last month it was 5 hobnobs and two bowls of coco pops. And I could get a loan for £50,000 at -100% apr which means they paid me interest for having a loan and the interest covered the monthly payments and gained £50k.
Today only I will give you a free score.
3 parsnips and a lead pipe. On the electoral role? Great, you also get a notice of eviction too. Sign up today and I will help you clean your credit file.Littlewoods £0/£750
Barclaycard £0/£1,000 @ 0% Nov '18
Goal: To be debt free by Oct' 31st 2016.
Now debt free!!!0 -
The above 'scores' are so much more accurate than Experians0
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