How low will credit score go? 30 March 2022 at 12:07PM in Debt-free wannabe 5 replies 281 views

Pennypanj

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

[Deleted User]

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.

Pennypanj

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? 

[Deleted User]

They'll be able to see the financial association with you on their files, but they can't see your reports.

Pennypanj

So, they wouldn't necessarily know that their credit score was affected because of you? 

[Deleted User]

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.