Why is my score this low? Please help!

phillw wrote: »

The loan and the subsequent applications (even though they were rejected) are likely why you are struggling obtaining credit. Lenders don't like to see a flurry of applications, it makes you look desperate.

It's not criticism.

You can ask them why they rejected you. https://www.money.co.uk/guides/what-should-i-do-if-my-credit-application-is-declined.htm

Thank you. I don't need any credit at the moment though, so won't be applying for any. When I orginally posted I didn't realise the one credit card I have was still an active account - it is though, and has been paid off. So I can use this. No need for anything else, so I'm able to wait 12 months until the searches have dropped off my file.

Other than a mortgage in a few years time, I can't think of anything else I will need. I have heeded the advice about overdrafts - but also don't need one now.

My plan now is not to apply for anything for at least a year, continue making regular payments on everything & pay off the loan before the full term is complete.