ive buggered my credit score

[YummyDollie]

I didnt know applying for loans affected it i applied for around 20 in a blind panic realised i was being silly cancelled them all and my credit score has now dropped to 1/5 according to experian (i think thats its name) what can i do?!

I would suggest you do nothing for 6 months then apply for a credit card for poor credit and build slowly from there.

Contact the 3 main agencies and explain. As none of the loans were actually drawn down, they should not have such an impact. What sort if 'blind panic' would make you do such a thing though? Do you need to get financial support or guidance of some sort?

I have a few bills due but have jiggled finances and managed to sort it out, apparently searches affect your score quickly as it makes you look desperate for credit (according to moneysavingexpert)