Never missed a payment, but poor credit rating

wfitter

Hi,

I am baffled with my credit rating which currently shows 572 (Poor). I have never missed a payment, defaulted, had court orders....nothing..... yet I have a poor credit rating.

I did have £20k of old credit cards and overdrafts which I have closed and eliminated, yet my credit rating went from 586 to 595. I have had a remortgage this month which i assume is why the rating has reduced to 572.

I am on the electoral role, been with bank for 8 years, full time job for 8 years etc

What can be reducing my credit rating by almost half when I have no bad history and a steady life (on file)?

I would appreciate any comments to help. I have no further credit or overdraft to remove and dont know now where to turn.

I did live with a couple for about 6 months and they have since been made bankrupt. Would the address link be the cause? I dont want to pay for Experian as all the guidance on here says not to fall into the credit company traps.

Thanks

YorkshireBoy

Who gave you the scores made up numbers? Presumably not Experian as you don't want to pay for it?

[Deleted User]

It seems Experian don't want to lend you any money.

20aday

Living with a couple who were bankrupt would certainly have no impact on your "score"; credit history is linked to people, not addresses.

The only time it'd have a negative effect is if you were "financially associated".

If you wish to rebuild your history open a sub-prime credit card (check out MSE for the guide to 'bad credit' cards), make a purchase each month and repay in full after the statement's been generated and before the due date.

In time your file(s) will look more positive to lenders.

Superscrooge

Sign up with https://www.noddle.co.uk/ and https://www.clearscore.com/ to check your credit history. These are both free.

Ignore your made-up credit score. Just look at your credit history to see if there is anything negative listed.

My made-up credit score oscillates up and down at random, I've even had it go up with one CRA in the same month that it has gone down with another! Yet I've never been turned down for any credit card. .

DCFC79

Forget your credit rating/score, your history is whats important.