Sudden experian score drop

L21P

Hi everyone, 

I'll start this by saying I know that the actual number given by credit ref agencies isn't what a lender actually looks at but.... 

My experian score has dropped by 150 points overnight from 'excellent' to 'fair' and I don't know why. I don't pay for the extra report but noticed that in the summary my credit cards (well managed) have disappeared and my new mortgage from October doesn't appear at all. I'm not planning on getting any credit soon so I wondered if is it worth the time and effort to get it corrected or investigate further? Or just leave it be and see if it changes again, perhaps it just a change of address issue? Anyone had a similar experience?

Thanks in advance! 

[Deleted User]

If the data isn't correct, raise a dispute with the CRA. Make sure you check your other files, in case your mortgage lenders doesn't report to Experian. 

As always, don't worry about the further drop in your score when accounts reappear. It doesn't mean anything bad has happened.

MEM62

L21P said:

I know that the actual number given by credit ref agencies isn't what a lender actually looks at but.... 

L21P said:

I wondered if is it worth the time and effort to get it corrected or investigate further? 

I believe that you have answered your question in your opening statement. 
 

emmajones1976

If your new mortgage has never appeared that has nothing to do with the reference agencies, thats all to do with your lender failing to report it. Badger them, not Experian etc.

L21P

Thanks everyone. The cards and mortgage appear on clearscore and creditkarma files but took a while for the mortgage to appear. I'll ask for the card to be updated and hang fire on the mortgage for a month or so. Thanks again. 

L21P

Just an update in case anyone else has this issue. I manually changed my address on experian (the other CRAs did it automatically) and my score jumped back up 160 points, mortgage recognised etc. Only issue is my credit card show as 'new' but I'm just leaving it for now. Thanks again

[Deleted User]

Please remember the score is a gimmick, nothing more