Gary wrote:

> Graham wrote:
> > What I can't understand is that my credit rating, obtainable when I
> > do any online banking, has just dropped to just below 800. It
> > usually sits at 870 but should be 900 as I have no debts, apart
> > from modest credit card balances that I pay off promptly every
> > month.
>
> From what I understand, they look at your "potential" debt. Even with
> one credit card that's used and paid off each month (like me), they
> look at your credit limit because at any point, you could charge it
> up to that limit.
>
> To have extra credit cards that you never use, can take down your
> score. They seem to base your score on potential debt, not current
> debt or timely payments.

Thats part of it too. I probably need to cancel some oddball ones I
never use.