Early finance settlement - Adverse/positive credit?

[Deleted User]

Hey guys, Recently got the funds together to clear my current HP agreement on my car with the settlement i was offered.

Upon doing this, Will I be benefited in terms of my credit file? or will it adversely affect it ?

[Deleted User]

It will show that are carrying less debt.

Experian will consider that a very bad thing, but no one else will.

[Deleted User]

Deleted_User wrote: »

It will show that are carrying less debt.

Experian will consider that a very bad thing, but no one else will.

Funny you should say that, Recently cleared off around £3000 of debt (in october 2018), and my credit score dropped like a tonne bag.

BUT, lenders are now throwing options at me left right and centre, I think Experian have a different outlook on things than the average mind.:eek::rotfl: