We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

credit rating question

Options
Hi I had about 16 credit accounts listed against my credit score. I have cleared 6 of them off and removed 2 credit cards one for vanquis £1000 limit - paid off in full and account closed and one for capital one £250 paid off in full and account closed. I also closed my other store cards and accounts all paid in full. very littlewoods jacamo simply be. I have one credit card with barclays £400 - balance of about £300 on it owed recently used to fix the car. large re-payments each month £150

experian reports it's negatively affected me as credit limit has been removed or closed I was told by a lender that reducing my active credit accounts will help improve my affordability.

is this information incorrect or will it improve over time.

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.