We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Credit score decreased
Sunshine_and_Roses
Posts: 1,038 Forumite
I became mortgage free last month :j but gone from 991 to 956 on experian credit score:(.
I have two 0% credit cards totalling £5000 but have the money for these gaining a small amount of interest in another account.
I have an Amex card for general spending which I pay off in full every month.
I also had a couple of old credit/store cards which have a zero balance, only taken out to get bonuses, which I will cancel.
Is it usual for a credit score to drop from excellent to good on paying off a mortgage?
I have two 0% credit cards totalling £5000 but have the money for these gaining a small amount of interest in another account.
I have an Amex card for general spending which I pay off in full every month.
I also had a couple of old credit/store cards which have a zero balance, only taken out to get bonuses, which I will cancel.
Is it usual for a credit score to drop from excellent to good on paying off a mortgage?
0
Comments
-
Ignore the score as it means nothing, it isn't seen by anyone but you, it's the content you need to watch.Mortgage started 2020, aiming to clear 31/12/2029.0
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.8K Work, Benefits & Business
- 600.3K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards