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new phone contract reduced credit score
Cassinova
Posts: 1 Newbie
I signed up with Clearscore last month, and was happy to find i had a reasonable credit score.
I paid off my contract with O2 (early) and signed up to a new deal with EE.
However, my credit rating dropped massively and said 'there are more than a few credit applications this year'
EE shows up as two hard searched plus one earlier this year from E.on. I've had no rejections - i thought obtaining credit (if telecoms counts as credit) was good for a credit score?
All ive really done is switched phone companies...
I paid off my contract with O2 (early) and signed up to a new deal with EE.
However, my credit rating dropped massively and said 'there are more than a few credit applications this year'
EE shows up as two hard searched plus one earlier this year from E.on. I've had no rejections - i thought obtaining credit (if telecoms counts as credit) was good for a credit score?
All ive really done is switched phone companies...
0
Comments
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Positive account conduct is good for your credit history, but that takes time to count.
A search is a negative.
However, if you are taking notice of the daft CRA made-up number, stop. There is no universal credit score in the UK, only a number a CRA can use to keep you paying its subscriptions.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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