My Brand New Credit Score

This post is a bit of an impromptu one as I normally do not post on Fridays. Nevertheless, I thought I’d post my new and improved credit score. That’s right. It’s new and improved!

Some of you may remember that a couple of weeks ago I revealed my credit score. I mentioned that I was not overly pleased with my score as I felt that it could be better. I have been handling my available credit a lot better lately (thanks to this blog and the amazing personal finance community that has been incredibly supportive) and felt that my credit report should reflect it. My credit score is important to me for a number of reasons but one of them is my possible application in the near future to review an interest rate on my personal loan.

Imagine my surprise when I got a phone call from my credit reference agency a couple of days ago advising that due to some internal system error my credit report and credit score had been wrongly calculated. Umm, what?!  My personal file has since been updated and when I logged into my account, this is what I saw…

Credit Score

 

This time it is reflecting the actual facts. Since I had paid for my credit report (I did not cancel after a 30-days trial period as I was contemplating on keeping my profile active, make regular checks and receive alerts of any changes) and due to the mistake that had taken place, I was refunded in full! Win-win.

Would you keep paying to have access to your credit report and score after a 30-day trial period? I would like to be able to monitor it but I am not sure I can justify paying £9.99 each month?

If you are following my journey to debt freedom (I am so grateful if you are and your support means a lot to me!), do read my yesterday’s blog post October 2013 Debt Repayment Update if you haven’t done so already. Have a great weekend, friends!

You may also like

18 Comments

      1. I’ve used Credit Karma, but I’ve found that it isn’t terribly accurate for me. I also pay $9.99 a month for freecreditreport.com, and have for about a year and half. I think the ability to track the changes over time has really helped me stay on track–when I paid down my credit cards significantly I could see the jump in my score, and it was really motivational for me.
        Blonder recently posted…There is Such a Thing as a Free Lunch ($105,955)My Profile

    1. I’m sorry you have to pay for it in Canada. What if you subscribe and don’t like the service? I am sure if there is no free trial, then there should be a “cooling off period” for a week or two to stop the membership and get a refund? I would totally use the excuse to check my credit score if there was no other way and I didn’t want to pay.
      Eva @ Girl Counting Pennies recently posted…My Brand New Credit ScoreMy Profile

  1. Hey that’s great Eva! So pleased that Experian ‘fessed up’ to their little error! Now that sounds more like it! Even better that they refunded your fee too. I’m not sure I’d keep paying out for a credit report once I knew my score but I can see the advantages to monitoring it closely just in case. 🙂
    Hayley @ A Disease Called Debt recently posted…Friday’s Fab Links #15My Profile

    1. Well, they just informed me that there was an error on their part but I had to write to their complaints department to get the full refund. It took them one day to get back to me and refund in full, I was very impressed. I think it’s fair. For the whole month I have been looking at the wrong credit score. Why should I pay for it? 😛 I think there are definitely advantages in monitoring the score and the report. I will probably take the least expensive membership out that will allow me to do so.
      Eva @ Girl Counting Pennies recently posted…My Brand New Credit ScoreMy Profile

Leave a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge