Negative factor on report - after credit cards closed

Dannii75

My credit score was 999. However, my closed credit cards were still showing an 'amount available spending' of over £10k.

I wrote to Experian & told the the cards were paid off & closed. They removed that & I am now left with just the £500 overdraft fee of 'amount available spending' on my report.

However, my score has decreased (only marginally) to 997 but there's a 'negative factor' now showing: "The value of your highest credit limit indicates a higher risk.".....
"Your current limits on credit and store cards show the amounts that lenders have previously entrusted you with.
Having a low highest limit shows that lenders may view you as higher risk.
Most lenders are likely to view you more positively with a high limit."

I'm not sure why this would be & will be applying for a mortgage soon. Any ideas why? Can this negative factor be removed? Will it make a difference to a mortgage application?

Thanks
Dannii

[Deleted User]

Ignore Experian's opinion - just check that that the data is correct.

Having said that, regular use of a credit card (paying off in full each month) helps to demonstrate good financial behaviour to lenders.

Dannii75

Hahaha! Right you are! I'm just trying to be SO careful! Thanks!