Poor Credit Score (another one..)

BennyBoo43

Hey All, I keep meaning to join this site, so I've finally done it.

My credit history is colourful, but all paid off as of Oct 2014.

I have a mortgage and £10k loan, which has £9k left to pay on.

I have three credit cards, Vanquis, Capital One and a Barclays.
All upto date and nowhere near the limits, I use one for shopping, one for fuel and another for odds and sods. Vanquis has been hit a little harder than the others, but I always pay off at least 3 times the minimum payment.

Which is hurting my credit rating most..?

My defaults from settled debts in Oct 2014, the High interest loan or Credit Cards..?

My rating never seems to budge from month to month, it hasn't changed since Oct 2014..

Thanks

lufc7

By far the defaults are hurting your score. All you can do is keep paying everything down every month and things will improve over time. The default(s) will fall off your CRA file 6yrs from the date they are issued (ps please don't read too much into the score given to you, it's the info available which is important)

Thrugelmir

Defaults will only clear with time. Stop using the credit card with the highest rate of interest. Focus on reducing the amount you owe on this one first.

DCFC79

Focus on whats on your history and not what our score is.

datlex

Credit scores are a source of bewilderment to me. They can change with the wind. I personally have the free Experia score with my Barclaycard, I also check "Noddle". My Experia score has gone down slightly, though I suspect this is due to the fact I have recently had Virgin Media installed, though apparently Virgin use Equifax. I also have taken out this year's contents insurance - paid in full up front, yet some companies still did quotation searches.... You get told these don't effect your score, yet try looking at score before and after. I certainly have noticed changes even when paying upfront.
Some people will tell you the scores are meaningless, but they can be a useful tool. A sudden large drop without you being aware of any changes could flag up an issue you were not aware of

DCFC79

datlex wrote: »

Credit scores are a source of bewilderment to me. They can change with the wind. I personally have the free Experia score with my Barclaycard, I also check "Noddle". My Experia score has gone down slightly, though I suspect this is due to the fact I have recently had Virgin Media installed, though apparently Virgin use Equifax. I also have taken out this year's contents insurance - paid in full up front, yet some companies still did quotation searches.... You get told these don't effect your score, yet try looking at score before and after. I certainly have noticed changes even when paying upfront.
Some people will tell you the scores are meaningless, but they can be a useful tool. A sudden large drop without you being aware of any changes could flag up an issue you were not aware of

Maybe your score is affected but lenders don't see the score in the first place.