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Credit score
iwblue
Posts: 122 Forumite
in Credit cards
A general question, I've never monitored my "credit score' until recently as it wasn't generally available years ago. However I signed up to the cc score on mse and I get it as part of my Bcard as well.
prior to Oct 2016 my score was 995, then in Oct I applied for a mortgage, I'd paid the previous one off a couple of years ago, a bb contract in Jan, a store card in Jan and a cc in Feb. Prior to this I had no debt and have very little debt in relation to my income now. My score has dropped to 650 and I'm now told I'm a poor credit risk.
Is this generally what happens. I've no Cc judgements, missed payments, and I',m on the electoral list, nothing negative financially.
Does this all this mean anything or should I ignore? and it will get better over the next 6 months or so?
prior to Oct 2016 my score was 995, then in Oct I applied for a mortgage, I'd paid the previous one off a couple of years ago, a bb contract in Jan, a store card in Jan and a cc in Feb. Prior to this I had no debt and have very little debt in relation to my income now. My score has dropped to 650 and I'm now told I'm a poor credit risk.
Is this generally what happens. I've no Cc judgements, missed payments, and I',m on the electoral list, nothing negative financially.
Does this all this mean anything or should I ignore? and it will get better over the next 6 months or so?
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Comments
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Spam......0
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sorry don't understand cooltt?0
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Your score isn't seen by anyone other than you.
Lenders will only look at the data of previous accounts/dates/late payments etcI’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
You don't have to be the best -
Just be better than you were yesterday.0 -
A general question, I've never monitored my "credit score' until recently as it wasn't generally available years ago. However I signed up to the cc score on mse and I get it as part of my Bcard as well.
prior to Oct 2016 my score was 995, then in Oct I applied for a mortgage, I'd paid the previous one off a couple of years ago, a bb contract in Jan, a store card in Jan and a cc in Feb. Prior to this I had no debt and have very little debt in relation to my income now. My score has dropped to 650 and I'm now told I'm a poor credit risk.
Is this generally what happens. I've no Cc judgements, missed payments, and I',m on the electoral list, nothing negative financially.
Does this all this mean anything or should I ignore? and it will get better over the next 6 months or so?
What positives are listed ?0 -
No ccj, no missed payments, low debt, low repayment to income, on electoral roll, nothing negative mentioned0
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Credit score-related matters really go in this forum:
http://forums.moneysavingexpert.com/forumdisplay.php?f=2570 -
No ccj, no missed payments, low debt, low repayment to income, on electoral roll, nothing negative mentioned
The credit "score" is a very vague number that a non-lender believes an actual lender might take into account.
It's rarely accurate and actual lenders can't see, let alone give two figs about your "score."0
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