I use Noddle to get my credit report. It isn’t usually something I’ve paid much attention to.
Aside from living in my overdraft at uni, I’ve never really had any financial concerns. In the last few years me and DP got a mortgage (which we paid off for the whole 3 years we owned our home), and I’ve also had a couple of 0% credit cards, which again, I’ve always made at least the minimum payments, and usually pay off my balance in full. Never had any defaults or missed payments.
I’ve started taking more notice of my credit score as DP and I are thinking of getting another house (and obviously a mortgage) next year. Last month, my credit score was listed as around 630 or “good”. This month, it’s 598 or “fair”.
Anyone know the reason for the drop in score? I’m currently unemployed, and have been since February when me and DP went travelling. I have earned some money freelancing and we have been living off savings. I’ve also just been offered a new job.
I have no idea why my score has dropped so much in the space of a month. We are registered correctly on the electoral role at my parents’ address where we’re currently living.
Any idea how I can improve my score?