Credit score has changed. Do I need to check?

[jamesbrown]

Credit scores are a marketing tool, nothing more. There's a reason that creditors do not use the scores from credit reference agencies, they are meaningless. It's your credit report that matters. They simply keep stupid punters engaged, as they can understand a gold star or score out of 10, but can't really understand a credit report. A single hard search with no surrounding searches can lead to a 10% drop in your credit score, but does it reduce your credit worthiness by 10%? Of course not, and any lender would understand this.

[Protagoras]

I get 889
own house, no debts, no mortgage, pay off credit card monthly by DD.
haven't borrowed anything for 10+ years.
889???

From the same position, I've started buying some things using interest free credit just because it was available.
Doesn't seem to impact credit score; but the amount of credit card debt accrued every month does.

At the end of the day, it doesn't matter though, doesn't?

[woody1]

No mortgage, no debts. Only credit card is in wife's name.

I haven't tried checking with any of these companies but I suspect I don't exist. A couple of times I've tried doing stuff money-wise online and it's come back "computer says no".

[hobnob]

I haven't tried checking with any of these companies but I suspect I don't exist.

I recommend checking, just in case there's anything you don't recognise. A while back, my score dropped due to identity theft. (After I moved house, the new residents took out a credit card in my name and ran up a big bill.) I got it all straightened out, but only because I knew about it.

[Martin@AS Financial]

I've just got a message that my credit score has changed. I've checked on experian and it says it's gone down by 1 point and there is 7 positive and 1 negative influence. To check the influences i need to pay 15 quid a month according to the site. Would I be right in thinking I can apply for a free statutory report? That shows all info held but might not show what is a negative impact.

Does 1 point matter so I can ignore or worth checking out? It's a single digit change on my score so not an issue I don't think.

Hopefully its nothing too serious - have you recently applied for something like car insurance as that may have taken a few points off?

I really like the paid for Experian app as it should tell you what had reduced the score. It also has a credit lock feature with the idea being that it helps to block fraudelent credit applications in your name through Experien.

[sadkingbilly]

Hopefully its nothing too serious - have you recently applied for something like car insurance as that may have taken a few points off?

I really like the paid for Experian app as it should tell you what had reduced the score. It also has a credit lock feature with the idea being that it helps to block fraudelent credit applications in your name through Experien.

you lost me just there