Panicking about drastic drop

Horseygirl_2

I checked my experian report on weds and my score was at 895. I was ecstatic. I've worked really damn hard over the last few years and the only debt I have now is a cap one cc and my overdraft.

I've logged in today and its dropped to 469!!! !!!!!!!!!

I moved in to my boyfriends house 10 weeks ago and this weekend was planing on going and looking at getting a new car on finance.

My total debt is less than £2000.

I don't know what to do. Realistically I know I'm unlikely to pass a credit check on that score. Or am I panicking prematurely?

DCFC79

Horseygirl wrote: »

I checked my experian report on weds and my score was at 895. I was ecstatic. I've worked really damn hard over the last few years and the only debt I have now is a cap one cc and my overdraft.

I've logged in today and its dropped to 469!!! !!!!!!!!!

I moved in to my boyfriends house 10 weeks ago and this weekend was planing on going and looking at getting a new car on finance.

My total debt is less than £2000.

I don't know what to do. Realistically I know I'm unlikely to pass a credit check on that score. Or am I panicking prematurely?

Maybe you should read this or read my signature.

https://forums.moneysavingexpert.com/discussion/4974939

ashp_2

You moved house is that why it dropped?

Horseygirl_2

Thanks
So basically don't panic, just wait and see what happens and go from there.

ashp_2

My sister and I have very similar credit files both with similar history and 1 default each. I have been on the electoral register for 3 years and haven't moved much and I have a "good credit" score.
My sister is not on the electoral register and has moved around a bit and her score is a lot lower than mine and regarded as "poor".

The fact you have recently moved may have bought it down a bit as long as your on the electoral register it will probably come back up!

Horseygirl_2

ashp wrote: »

My sister and I have very similar credit files both with similar history and 1 default each. I have been on the electoral register for 3 years and haven't moved much and I have a "good credit" score.
My sister is not on the electoral register and has moved around a bit and her score is a lot lower than mine and regarded as "poor".

The fact you have recently moved may have bought it down a bit as long as your on the electoral register it will probably come back up!

I just had this proverbial penny drop actually. I registered on the electoral roll but had a letter saying it wouldnt be updated until December (IIRC) or something, so this could have an effect couldnt it

ashp_2

Horseygirl wrote: »

I just had this proverbial penny drop actually. I registered on the electoral roll but had a letter saying it wouldnt be updated until December (IIRC) or something, so this could have an effect couldnt it

Most certainly. I always struggled with a low score while moving around alot since I haven't moved it has remained high. I would also suggest making sure any credit accounts are also moved to your new adress.

Horseygirl_2

Thank you so much. This forum is so helpful :-)

Horseygirl_2

**UPDATE**

I had to provide bank statements, but I passed the credit check and have ordered my new car.

Thanks for all your help :-)