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Credit score has plummeted
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Where did I say I was taking out credit again?phillw said:
Why would you say that was meaningless?ciderboy2009 said:As bradders1983 says - the scores produced by the CRA's are completely meaningless - as an example, when I paid off a £25k loan early my scores dropped massively!
It's kinda suspicious that you would pay off a loan early and then be taking out credit again straight away.
If the scores were a true reflection of credit-worthiness then it should have gone up as I had £500+ more disposable income available to me each month along with a record of having paid a large, unsecured personal loan without having missed any payments.
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Read this, it explains the UK system, and American FICO system extreamely well -
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