Credit score jumping from 730 to 900 in a month

kielo

Hi,

My wife'scredit score (as shown in the MSE credit club) jumped from 730 to 900 in a month.

I believe this is an error because nothing has changed. We only arrived in the UK one year ago, she doesn't have any credit.

We checked her credit report and there is nothing new, it's mostly empty.

So I'm wondering, could it be a bug with the credit club?

[Deleted User]

No. It's just how credit scores work - or rather don't work. They're not a reflection of your credit worthiness, or seen by anyone but you, so will randomly move around.

Just ignore it, but check the data on your files from time to time.

PRAISETHESUN

Ignore the scores provided by the three UK CRAs - they aren't worth anything and will seemingly move up and down at random for any (and no) reason at all. Every lender will generate their own score based on the information contained on your file so what matters most is your credit history. A "999 score" with absolutely no history of credit will get declined pretty much every time by mainstream lenders, so your wife should be aiming to build up some history - focus on this.

A good start is to get a low limit credit-building card from a sub-prime lender (I found the LUMA card by Capital One was one of the few cards that accepted me with less than 3 years UK-residency history) and use it to make purchases that you'd normally make anyway, generate a statement and pay it off in FULL every month. Slowly but surely your credit file will build and you'll be seen more positively by lenders.

MEM62

kielo wrote: »

My wife'scredit score (as shown in the MSE credit club) jumped from 730 to 900 in a month.

It's because winter has set in. They always go up in the cold weather. :rotfl:

kielo

Thanks, building credit history is definitely something we want to do.

I actually started using a BA Amex to do this.