Will a new phone contract really affect my credit score?

Lear_2018

Hi everyone

I'm very new to this forum so please forgive me if I'm reopening a discussion that might have happened elsewhere.

My husband and I are looking to buy our first home around November/December this year, when the building is likely to be completed. We both have excellent credit scores at the moment (964 for me and 999 for my husband). However, I've just had my phone stolen and I'm looking to get a new one on a contract with a different provider (which is overall cheaper than buying the phone upfront and getting a SIM only contract, believe it or not...)

I am concerned that this will negatively impact my credit score and file as a) the new provider will check my credit report and probably leave a mark and b) I'll be affecting the average length of my financial relationships (having been with my current mobile network for over 4 years).

Has anyone experienced this? And if so, is it worth the risk? Will I be able to re-gain my credit score by the end of the year? Any tips on this would be welcome :-)

[Deleted User]

Your credit score is fictional and not used or seen by anyone. Ignore it. It reacts negatively to any change and also to bad weather.

A change of phone contract will not cause lenders any concern.

forgotmyname

Paying your CC on time will affect your "score". My "score" dropped because I bought something expensive with my CC and paid it off in full.

ziggycj

forgotmyname wrote: »

Paying your CC on time will affect your "score". My "score" dropped because I bought something expensive with my CC and paid it off in full.

That's because you used a high percentage of the credit available to you. They want you to have credit and use it so you show you can etc, but not that you need to. Using a high percentage of your total credit available will lower your score a bit but won't affect anything like mortgages or credit card applications.

[Deleted User]

Point being - normal behavior lowers your "score"