Jump to content


How can my credit score get lower?


DonalT
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4065 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Hey all, dont know if this forum is busy, by the looks of things not very.

 

Background story of myself, got credit cards when I was younger (in my 20's) was irresponsible with them and maxed them out and didnt care. Forward on 5-6 years I am now 30 and looking to buy a house with my missus. So I've been monitoring mine for over a year now and it hasnt been great, old debt is slowly dropping off but there is other things on it which I dont understand. Hopefully these screen shots may give a better understanding than I could explain.

Regards

Donal

[ATTACH=CONFIG]41857[/ATTACH][ATTACH=CONFIG]41858[/ATTACH][ATTACH=CONFIG]41859[/ATTACH][ATTACH=CONFIG]41860[/ATTACH]

Link to post
Share on other sites

OK let's go through things that will lower the mythical credit ''score'' 1. The ''score'' is a day to day indicator for your eyes only not for potential lenders.

2. Frequent or numerous credit searches will lower the ''score'', lenders may see this as credit ''hunger'' searches show on files if the app is accepted or declined.

3. You have maxed out available credit or nearly so.

4. You only make minimum payments and don't clear balances each month.

5. Any late or missed payments will lower the score until the picture shows all payments are being made on time.

6 Defaults obviously lower the ''score''

7. Arrangements to pay are nearly as bad as a default imo.

8. Not on electoral roll, very bad.

9. Public info file CCJs?

10. It seems odd but settled accounts also affect as there is no further payment activity to track

11. Having little credit history to check seems to be as bad as having too much.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

Please Consider making a donation to keep this site running!

Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...