Credit score after loan end

Scott1875

Hi all first post on here and after a bit of help.

Two points...

I've just completed the final instalment of a 36 month loan with Clydesdale bank. I've had no missed payments or defaults in that time. Am i likely to see a jump or fall in credit score when the loan is shown as 'settled' on my credit report? This will effect my longest credit account so im worried my score will drop.

I have a very poor credit score with Experian and a good score with Equifax. Both have the same information. Im really confused by this. Any idea why?

[Deleted User]

It'll either go up, down or stay the same.

It's a pretend number so it doesn't matter.

Most lenders will view you more positively if you're not carrying debt.

DCFC79

You say both have the same information well you have nothing to worry about since the scores have no bearing on loans, have you check what Call credit (can use Noddle to get this info) rate rate you as ?

Scott1875

Thanks for the replies guys. I'll just keep an eye on it and see what happens.

DCFC79

Scott1875 wrote: »

Thanks for the replies guys. I'll just keep an eye on it and see what happens.

Are you using the free options to access your reports ?

Use clearscore for equifax and mse credit club for Experian, Totally Money the app use data from Call Credit.


Keep an eye on your reports say once a month to check nothing is on there that shouldn't be.

Scott1875

Yeah i use Clearscore but i'll try mse credit club for Experian. Thanks for the tip.