Score drop
Debt, arrears & collectionsA decrease in your credit score.
Overview
Drops can happen after missed payments, higher balances, or new searches.
The impact can vary depending on your overall profile.
Why it matters
- It can reduce approval chances in the short term.
- It may lead to higher interest rates.
- It highlights areas to improve.
FAQs
How long does a score drop last?
It depends on the cause. Some impacts fade quickly, others take longer.
Can I recover from a score drop?
Yes. Consistent positive behaviour can help your score recover over time.
Related terms
Take control of your credit health
Get the complete credit toolkit — all features included.
Start building creditInstant setup. No credit check. Cancel anytime.