Why has my score reduced
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sourcrates wrote: »How can it reduce twice in a week, when its updated on a monthly basis ?I'm paying 14.99 to Experian and it reduced from 923 to 916 on the 31/07 and dropped again today to 902 , maybe because one was July and the other Aug?I work within the voluntary sector, supporting vulnerable people to rebuild their lives.
I love my job0 -
Mine went from 908 to 958 and no changes for the last month.0
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worried_jim wrote: »Stop wasting your money!0
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Mine went from 908 to 958 and no changes for the last month.
It usually means one of these things:
1) your revolving balance is below 30% OR
2) your loan repayment is above 70%, OR
3) any of your accounts is older than 6, 12 or 18 monthsYour cholesterol levels are not seen, or used, by your heart and arteries, so ignore it.
:eek:.0 -
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sourcrates wrote: »How can it reduce twice in a week, when its updated on a monthly basis ?
The reports obtained through MSE credit club, Noddle and Clearscore are single snapshots taken once in a month.
The experian report changes when they receive an update from the lenders. That offers a daily snapshot. So on day 1, lender A may update. Day 2 no one updates so report stays the same. Day 3, maybe another lender updates and so forth.
Credit cards, mortgages and current accounts normally update once per month with the CRAs, but of course they will possibly update on different days depending on who the credit is with. Searches and most pay day loans update daily.0 -
Hi all just checked my credit score with the credit Club and its 987, but my experian (subscription) score is still showing as 902, anyone had this before?0
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Yes. Lots of people.
Ignore both in equal measure.0 -
Hi all just checked my credit score with the credit Club and its 987, but my experian (subscription) score is still showing as 902, anyone had this before?
Your credit club score is a snapshot taken at some point in the last two months.
Your experian score using credit expert is their rating for today.
So same data, assessed at different times.
If you look in depth at the account balances you find that they are different for the same account across the two products. Taking a guess your credit club data is probably showing what your experian report showed on a day last month or even in June.0
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