Credit score dropped by over 150points!

Motorebambino

Hello,

I recently logged into the credit club and experian credit score check thing for the first time in probably a year.  My score was almost perfect in the high 990s.  It is now around the 830 mark and 'fair'.  Me and my partner got our first home and joint mortgage in March 2020 and so I thought maybe this would have caused the change... but my partners score is 999!!  How does this work?  I have a credit card that I use regularly for no huge amounts that is paid off in full by direct debit every month.  I have an £8 mobile bill, also paid in full by DD every month.  We don't have debt (other than the mortgage that is always paid and overpaid), we also don't use our overdrafts.  I cannot work out how this massive shift has occured.  Has anybody had a similar issue?

The only things I an think of is..
A - We are in the middle of a reading dispute with our new energy supplier.  They have therefore stopped our payments until they have sorted things out their end.

B - I have used my credit card more over the last few months for our small wedding payouts.  Never had a higher credit card bill than about £700 (and this amount only once or twice, usually £2/300) and always paid off in full.

Or C - I had a charge back refund from Mastercard when a hotel took £500 of our money and made out they weren't responsible for the refund they owed us after cancellation.

Any light shed on this would be great!  We want to move in a few years and I certainly don't want to risk getting another mortgage.

Thank you! 

MattMattMattUK

Motorebambino said:

Hello,

I recently logged into the credit club and experian credit score check thing for the first time in probably a year.  My score was almost perfect in the high 990s.  It is now around the 830 mark and 'fair'.  Me and my partner got our first home and joint mortgage in March 2020 and so I thought maybe this would have caused the change... but my partners score is 999!!  How does this work?  I have a credit card that I use regularly for no huge amounts that is paid off in full by direct debit every month.  I have an £8 mobile bill, also paid in full by DD every month.  We don't have debt (other than the mortgage that is always paid and overpaid), we also don't use our overdrafts.  I cannot work out how this massive shift has occured.  Has anybody had a similar issue?

The only things I an think of is..
A - We are in the middle of a reading dispute with our new energy supplier.  They have therefore stopped our payments until they have sorted things out their end.

B - I have used my credit card more over the last few months for our small wedding payouts.  Never had a higher credit card bill than about £700 (and this amount only once or twice, usually £2/300) and always paid off in full.

Or C - I had a charge back refund from Mastercard when a hotel took £500 of our money and made out they weren't responsible for the refund they owed us after cancellation.

Any light shed on this would be great!  We want to move in a few years and I certainly don't want to risk getting another mortgage.

Thank you! 

Your credit score is a meaningless number, so there is nothing to worry about. It will have no impact on a mortgage application.

Keep yourself credit worthy, manage your finances well, accrue no long term debt and ideally keep only debt your mortgage, do not miss any payments etc. as that is what lenders want to see, they do not care about the fictional credit scores created by the CRAs, they can not even see them.

[Deleted User]

Just ignore the scores. They're only provided for entertainment and as you've seen, can change on a whim  

Make sure you're checking the data on all your files to ensure everything is in order. None of the issues you've raised will impact your credit worthiness, unless the utility was reporting missed payments, which doesn't appear to be the case.