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Default dropped off but credit still poor and getting rejected
escoman990
Posts: 11 Forumite
Hey,
I assumed my credit would improve and I would get accepted for applications after a default dropped off my account. The default has dropped off but I'm still struggling to get credit. I've had another look at my credit file with ClearScore.
I've got a £1700 short term debt with Vanquis from a limit of £1750. Is this probably the issue? Will my credit improve if I get this down or clear the balance? Should I expect to see an immediate improvement after clearing/reducing the balance when the file is updated?
I also have three searches within the last few months.
Any advice would be much appreciated.
I assumed my credit would improve and I would get accepted for applications after a default dropped off my account. The default has dropped off but I'm still struggling to get credit. I've had another look at my credit file with ClearScore.
I've got a £1700 short term debt with Vanquis from a limit of £1750. Is this probably the issue? Will my credit improve if I get this down or clear the balance? Should I expect to see an immediate improvement after clearing/reducing the balance when the file is updated?
I also have three searches within the last few months.
Any advice would be much appreciated.
0
Comments
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You'll look quite desperate being so close to your limit. Pay is down as quickly as you can. You'll also save a fortune in interest.0
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