Unused credit cards and overdrafts

Fryy

HappyMJ wrote: »

As you can see by my signature I borrow money using personal loans from the Nationwide at 2.9% and put that money into savings accounts earning 5%. It's 2.9% as they guarantee it will be 0.5% less than any competitor.

I really don't think I could get even better deals than that.

My score is 556. I don't care about the number as it really does mean nothing. It says I have a poor score but did I enter my income into Noddle? No. Does Noddle know what job I do? No. Does Noddle even know if I own a home? No. The answers to those questions are far more important than any score.

ok, and yes I agree with you to some extent, but I only made this thread to talk about optimising credit scores? I would be thankful if we could literally only talk about that now (or stopping altogether is fine).