Getting into 'Excellent' credit score?

safaridan

Hi there any help or detailed knowledge would be appreciated.

My credit score is in the good range at present I will be applying for a mortgage in 2017, and the only way I can see it improve is to settle a couple of accounts.

(I don't want to apply for any more credit, my credit cards have a good limit and are low in balance, no current searches, and perfect repayment history, electoral roll for 1 year - cant help that...)

I have a car finance which only has £200 left which I could put on a credit card and then pay off in two chunks, and also a bank account which isnt really used.

Question is does settling/closing accounts help your score? Everything I have read seems to be contradictory I havent ever seen a straight answer. Surely reducing the amount of credit agreements whilst still having decent amount of credit available would....?

Does the amount of open credit agreements you have affect your score greatly one way or the other? i.e. 5-7 is perfect; over 10 is a risk to lenders?

Any advice would be much appreciated

[Deleted User]

Ignore your score. It's nothing to do with anything and not seen by anyone but you.

Closing accounts can be seen as a negative or positive, depending on your circumstances.

£20k of credit is not a problem on a £60k salary, but it would make lenders nervous on a £10k salary.