what to do next?? credit file queries.

MR-B_3

Hi everyone.

I know a lot of people say credit scores dont matter etc however iv recently paid off all my outstanding balances and have 3 different scores however i was wondering what to do to improve your scores when iv done most of what i think i can do there is no remaining debt,all accounts are closed and satisfied/settled and iv registered on the electrol roll is there any thing else you can do to improve chances of getting better credit? Im looking to get my first mortgage this year but with 1 good score and 2 poor its not looking likely.

Thanks everyone.
MR-B

[Deleted User]

Your score doesn't matter.

Lenders look for a history of well managed credit. A sensibly used credit card is the easiest way of achieving this.

Malmo

First of all, you do not have a universal or central rating/score as a UK individual, so the Experian, Equifax & Callcredit / Noddle "ratings" & "scores" are not indicative of anything that lenders will see and use. Each lender assesses & scores applicants against their own criteria & scorecard to establish whether or not the applicant fits their target customer profile. So the scores that you refer to are not meaningful and should be ignored and you shouldn't worry about trying to improve these numbers.

Best to have a read of this MSE article for general tips & information about how credit profiling works and how to boost your general credit worthiness.

It sounds like you have done a good job of eliminating your debts, so well done. You are also on the electoral roll (which is a legal requirement in the UK anyway). Time is one of the crucial elements of improving or healing past credit issues, so keep paying off debts on time and in full (such as paying off a credit card in full each month for regular living expenses that you would incur like groceries or fuel).

YorkshireBoy

MR-B wrote: »

all accounts are closed

That wasn't a good move. How are you going to demonstrate to a mortgage lender that you can manage credit sensibly at the moment, and for the last x months? As zx81 says above, regular spend (on essentials!) followed by full repayment is the way forward.

with 1 good score and 2 poor

Firstly, buying these numbers is a waste of money. If you haven't paid for them, here's another free one...765. And another...834.


Secondly, don't Equifax score out of 500/600 and Experian score out of 1000? If so, that may account for the good/poor scores (in pure number terms).

MR-B_3

Thanks for the positive input guys very helpful il have a look and see what i can do thanks for the help and advice.

MR-B