On 5/6/2021 7:21 PM, cshenk wrote:
> 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.
>
They've probably expired.

Jill