Hi Sharon 21

Mine has gone up and down and everything is up to date. Unless your Trust Deed has been removed from the records and any other DF are off, the scoring is unlikely to make a difference at this point.
However, it may possible make a difference when your TD falls off and they have the record of good payment to use in their scoring calculations. I ignore mine until the TD falls off later this year.

Hi sharon21.

Ignore it. The reality is that this means almost nothing.

The thing to focus on is to ensure that the reporting that's present on your report is accurate and (if you want to) that you layer some good recent credit history on top of the previous problems.

Over time your access to credit is likely to improve (as measured by your ability to secure credit on reasonable terms - not by the arbitrary "scores" that the credit reference agencies provide).

Thanks very much firewalker and TDA. I was just worrying wondering what had happened.

My 6 years will be up next June 16 so hoping see a change soon as really would like to move house but waiting to TD drops off before even go about trying to get new mortgage and saving away from a good deposit.

I got vanquis card to help build and mobile contracts always pay off so hoping this will all help too 🙂

Ours dropped after upgrading our co op basic bank account to a nationwide flex account!

Paul

That just sums it up Paul.

The credit reference agency deems that lenders will assume people that change bank accounts might carry an extra risk factor.

Some lenders might agree.

Others lenders might associate moving from a basic to a more functional bank account a significant positive.

The more we talk about this subject the more pointless the scores provided by the credit reference agencies seem.

The only important questions seem to be:

1 - Is everything on my credit file correct?

2 - What can I do to put some positive signals on my credit report?

Sorry just saw this plasticdaft - so did your trust deed dropped of credit file before the 6 years after you upgraded bank account? I am currently with barclays basic account - wonder if would be able to get a better bank account?

Hi sharon21.

I think Paul was saying his credit score dropped after getting a more functional bank account.