Credit rating up 291 points in one month!

Sir_Render

Can anyone explain how my credit rating could have gone up from poor to excellent on Experian - a jump of 291 points when...

a) I owe more than I did
b) I have an additional credit card
c) I have moved house and am no longer on the electoral roll yet at my new house

This has all happened in exactly one month.

Clearly if I can work out what it was I can sell the solution for a lot of money!

[Deleted User]

It's because the scores are made up and change for no particular reason. They don't reflect your credit worthiness.

Just ignore it and focus on how your credit file looks.

[Deleted User]

Temperatures are on the rise again.

So the made up scores go up as well

boo_star

!!! wrote: »

Temperatures are on the rise again.

So the made up scores go up as well

Or they might go down.

jimbo26

Sir_Render wrote: »

Clearly if I can work out what it was I can sell the solution for a lot of money!

No you won't because the figure is meaningless. You would make more money selling unicorn dung.

ciderboy2009

And there was me thinking it was something to do with Trump visiting this month combined with England getting to the semi's!

sparkey1

By any chance did you moved from rented to a mortgaged house. If mortgaged already, did you change mortgage companies?

BraLo

If you have another credit card and you haven’t maxed it out, the proportion of credit used compared to available credit may have actually reduced.

[Deleted User]

Either way it makes no difference to anyone