How low will credit score go?
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Pennypanj
Posts: 22 Forumite
Hi,
Everyone says that a DMP will 'negatively affect your credit score' but actually how low will it go? Will it drop to a total 0 on the Experian/ Checkmyfile wheel? or somewhere hovering around poor?
Many thanks
P
Everyone says that a DMP will 'negatively affect your credit score' but actually how low will it go? Will it drop to a total 0 on the Experian/ Checkmyfile wheel? or somewhere hovering around poor?
Many thanks
P
0
Comments
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It might go to 0, or it might equally go to 999.
It makes no difference either way as your credit score is a gimmick that only you see.1 -
Another question- if a financial associate applies for credit, and doesn't get it- or notices that their score has gone down, are they able to see why- unless they pay for a full credit report?
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They'll be able to see the financial association with you on their files, but they can't see your reports.1
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So, they wouldn't necessarily know that their credit score was affected because of you?0
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The credit score is just a gimmick. CRAs will often give various made up reasons for changes. That might or might not include a financial associate, a change in activity or a change in the weather.
Your associate will see their own accounts, including those shared with you, and their status. But they don't see your file.
1
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