Credit Score Dropped

seymourf

Hi,

My credit history is patchy, but scores with all three agencies have been climbing steadily since I cleared defaults 2 1/2 years ago and started playing responsibly. Last month I felt confident enough to apply for a contract mobile and got a reasonable deal with 3, but now noddle, creditmatcher and clearscore all show a sharp drop in my scores. I guess this has to be the mobile, any idea how long before scores recover?

Thanks,

Chris

[Deleted User]

Doesn't matter. Your scores are fictional and not seen or used by anyone. Ignore them with a vengeance.

The mobile contract will have negligible effect on how lenders view you.

Jenkic20

As pointed out, don't pay attention to it, or at best use it as an indicator if it changes and you have no reason to think it should have.

As said in another thread, I've cleared £10k and closed down 5 accounts and reduced the available balance on the ones I've kept. My 'score' has dropped from excellent to fair even though I'm in a much better position and probably overall more attractive to a lender based on the wider detail of my financial status. :j