Why would registering for the electoral Role Negatively effect your credit rating?
Right, so I signed up to Experian to check my credit rating, it was not the best and it suggested to improve my credit Rating I ensure I was on the Electoral Role for my current address. Turns out I wasn’t, so I registered, now says I am on it in my credit report and my credit Rating has dropped 100 points. What? Why? Total opposite of what it should do right?
Did you do something like miss a payment about 60 days ago?
It can take credit reports that long to update some information.
Enrolling should not have done this to you
Something you have done in the passed three months has.
Have you maxed out a credit card?
Did something go into collections?
Look at your credit reports and figure out what has happened in the past three months that dropped your score.
Time to print out all your reports and start working towards repairing your credit.
Don’t check your score for an entire year while repairing your credit.
The day to day and month to month changes and fluctuations will drive you insane.
Did you do something like miss a payment about 60 days ago?
It can take credit reports that long to update some information.
Enrolling should not have done this to you
Something you have done in the passed three months has.
Have you maxed out a credit card?
Did something go into collections?
Look at your credit reports and figure out what has happened in the past three months that dropped your score.
Time to print out all your reports and start working towards repairing your credit.
Don’t check your score for an entire year while repairing your credit.
The day to day and month to month changes and fluctuations will drive you insane.
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