TransUnion Score dropping, Experian/Equifax aren't.

Hughie111

Hi all, really hoping I'm not duplicating past threads, can't see one relating to my question. My question is around how the credit reference agencies and their scores work.

I have 1,000 out of 1,000 with Equifax, 999 out of 999 with Experian, but with TransUnion I am 652 out of 710 it its just dropped again today by 9 points. There is nothing negative on my file, I clear my two credit cards off every month and am currently at 1% utilisation on the TransUnion/Credit Karma report. I don't understand where I'm going wrong.

The only possible change is that I am using my credit cards less, but I still clear them. I have seen comments in the forum about ignoring scores, but its playing on my mind, any advice or insight would be appreciated,

Thanks a lot,

MEM62

Hughie111 said:

My question is around how the credit reference agencies and their scores work.

That's easy - they are pretty much randomly generated numbers.  

Hughie111 said:

There is nothing negative on my file, I clear my two credit cards off every month and am currently at 1% utilisation on the TransUnion/Credit Karma report. I don't understand where I'm going wrong.

It's fine.  You are not doing anything wrong.  

Hughie111 said:

I have seen comments in the forum about ignoring scores, but its playing on my mind, any advice or insight would be appreciated,

No point in fretting about a number that is produced for entertainment purposes only.  Lenders do not see it an it plays no part in lending decisions.    

Ebe_Scrooge

Hughie111 said:

Hi all, really hoping I'm not duplicating past threads, can't see one relating to my question. My question is around how the credit reference agencies and their scores work.

I have 1,000 out of 1,000 with Equifax, 999 out of 999 with Experian, but with TransUnion I am 652 out of 710 it its just dropped again today by 9 points. There is nothing negative on my file, I clear my two credit cards off every month and am currently at 1% utilisation on the TransUnion/Credit Karma report. I don't understand where I'm going wrong.

The only possible change is that I am using my credit cards less, but I still clear them. I have seen comments in the forum about ignoring scores, but its playing on my mind, any advice or insight would be appreciated,

Thanks a lot,

You score has dropped because the weather is less stormy than it has been in recent weeks.

Seriously, ignore your score, it's meaningless.  It is not used, nor even seen, by any lender.  The only truth is that a score will drop in response to any change in your credit status, whether good or bad.  Not all lenders report to all 3 agencies, so it's possible that there has been a small and totally insignificant change in one of your credit products that reports to TransUnion but not the other 2 agencies.

Please don't fret about it - it's totally meaningless.

impoverishedtraveller

You are duplicating many, many, many threads on this board.

Hughie111

impoverishedtraveller said:

You are duplicating many, many, many threads on this board.

Sorry about that, i did try to research before posting, I can't find a way to delete this, is there a way?

MalMonroe

Hughie111 said:

impoverishedtraveller said:

You are duplicating many, many, many threads on this board.

Sorry about that, i did try to research before posting, I can't find a way to delete this, is there a way?

Hi, you can't delete if yours is the first post on a thread. But you can ask the forum team - forumteam@moneysavingexpert.com
to do it for you. 

There's some more general info about the forum in this link -

https://www.moneysavingexpert.com/site/forum-faqs/

Scroll down to number 6 - FAQs.

As others have said, your scores are meaningless. Don't worry about them because you are the only one who sees them. I also find that TransUnion scores are lower than the others and they usually say something like 'let's see how you can improve your score'. But there's nothing I can do as I've cleared my credit cards and don't have any debt now (at last!! I can hardly believe that after many years of being in debt.)  The only other thing I can do is buy my own property instead of being a council tenant but I can't afford it so they'll have to whistle.       

mjm3346

Hughie111 said:

impoverishedtraveller said:

You are duplicating many, many, many threads on this board.

Sorry about that, i did try to research before posting, I can't find a way to delete this, is there a way?

No, users cannot delete thread starters

MEM62

Hughie111 said:

impoverishedtraveller said:

You are duplicating many, many, many threads on this board.

Sorry about that, i did try to research before posting, I can't find a way to delete this, is there a way?

How about leaving it there for the benefit of others? As a more recent post it may show up readily in searches.