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Rating dropped, about to apply for mortgage
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jayutd
Posts: 21 Forumite

Hi,
My partner and I have been looking to purchase a house for over a year and finally found one, we have put a reserve down and going though the motions. I was about to apply for a mortgage through a lender this week, when I found out my credit score has dropped two ratings, I had a near perfect score with Experian and it’s now dropped to “fair” within 1 month.
It turns out the credit card I closed 2 months ago, had a pending charge for a car park purchase and it didn’t show up on my statement until the following month. It didn’t show on my online banking dashboard as I closed the account.
The outstanding amount was only £6 but it has really knocked my score down. Will this prevent me from getting a good rate mortgage?
I did try to pay it off when the statement was sent after 1 month, but the customer advisor said it was a mistake and I had nothing to pay, I’m picking this up separately as a complaint.
is there anything that can be done in the mean time? I’m pretty gutted that after being careful all year, I’ve messed up at the last hurdle.
My partner and I have been looking to purchase a house for over a year and finally found one, we have put a reserve down and going though the motions. I was about to apply for a mortgage through a lender this week, when I found out my credit score has dropped two ratings, I had a near perfect score with Experian and it’s now dropped to “fair” within 1 month.
It turns out the credit card I closed 2 months ago, had a pending charge for a car park purchase and it didn’t show up on my statement until the following month. It didn’t show on my online banking dashboard as I closed the account.
The outstanding amount was only £6 but it has really knocked my score down. Will this prevent me from getting a good rate mortgage?
I did try to pay it off when the statement was sent after 1 month, but the customer advisor said it was a mistake and I had nothing to pay, I’m picking this up separately as a complaint.
is there anything that can be done in the mean time? I’m pretty gutted that after being careful all year, I’ve messed up at the last hurdle.
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Comments
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Luckily for you, the three digit scores are meaningless and only provided for entertainment purposes.2
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emmajones1976 said:Luckily for you, the three digit scores are meaningless and only provided for entertainment purposes.0
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To try and sell people credit cards. Lenders dont see it.1
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So no difference between 0 and a 999 score?0
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Since no one, except you, can see the made up number...yes!0
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You get the credit card provider to report your account as £0 owed. What's happened to the £6 on it?
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jayutd said:emmajones1976 said:Luckily for you, the three digit scores are meaningless and only provided for entertainment purposes.
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jayutd said:emmajones1976 said:Luckily for you, the three digit scores are meaningless and only provided for entertainment purposes.1
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penners324 said:You get the credit card provider to report your account as £0 owed. What's happened to the £6 on it?0
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So lenders might mind if I’ve missed two months of payments?0
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