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Credit score gone down after car insurance agreement
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Fred1987
Posts: 9 Forumite
Hello
Pretty worried as last month my credit was 780 (fair) i have no other loans or credit and i bought car insurance over the year at £400.
My file has updated and it has dropped 166 points to 620 (poor), will and how quick will this go back to 780 as looking for a mortgage in Aug/Sept
Thanks
Pretty worried as last month my credit was 780 (fair) i have no other loans or credit and i bought car insurance over the year at £400.
My file has updated and it has dropped 166 points to 620 (poor), will and how quick will this go back to 780 as looking for a mortgage in Aug/Sept
Thanks
0
Comments
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Ignore the score, no lenders use it. Any change will see it fall even if the change is positive.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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It's fine. The score isn't real and doesn't matter.
Nothing you have done has made lenders distrust you any more. Ignore it.0 -
Thanks for the swift response guys0
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