Historic debt reduction on credit file. Who does this ? Clearscore has just removed this

Slammeddeluxe

Hi - we have been a member of clearscore for a number of years and have paid down a lot of mortgage debt over the last few years. Clearscore had a timeline tracker where you could see month by month your debt reducing, Now they have just 'upgraded' their site and the timeline has gone. Does anyone know who does this ? We found it helpful. 

OutdoorQueen

That’s a shame because I used to use the timeline as well.  So much for progress! 

Just had a look at the new and improved website.  There are some instructions for finding the timeline but they seem to relate to the old site.  

  I don’t like  the new site so following this thread with interest as I would also be interested to know if anyone else does a timeline graph.  

Slammeddeluxe

Outdoorqueen - it was very good with the old timeline and we could see our mortgage debt falling and was motivational to us. The cynical side of me would say that its possibly been removed as they actually want you to have constant debt and not repay it, just recycle it ? That way they get new loan enquiries from you ? But I maybe wrong ?

Nasqueron

Slammeddeluxe said:

Outdoorqueen - it was very good with the old timeline and we could see our mortgage debt falling and was motivational to us. The cynical side of me would say that its possibly been removed as they actually want you to have constant debt and not repay it, just recycle it ? That way they get new loan enquiries from you ? But I maybe wrong ?

Aside from the odd referral fee, the CRAs do not make money from you so have no incentive for you to have constant debt. Indeed, doing so will harm your chances of getting more credit which then cuts into their chances of referral fees. There is no conspiracy here.