My business credit decreasing (automated checks)

[528Sport]

Afternoon,

sorry title should say credit score decreasing ;-)

I have access to a credit monitoring system that alerts me should any of my customers payment performance change (this monitoring is not a credit check). I also monitor my own business and have done for over 2 years.

Recently my score has been going down for no reason that I can see. 4 months ago it was 92 and has been decreasing... I got an alert today saying its gone down again to 82 Still good but there is no reason apart from automated checks being done.
When I look at my file of recent searches there are 4 records showing "cpu link enquiry" Its not me monitoring myself as the latest enquiry happened 2 days ago. Credit focus who i use have also said the monitoring tool does not create a credit check that would effect a score change.

Apparently I can't stop the automated credit searches and I a tad annoyed, I'm planning to apply for finance soon to grow the business so ideally i'd like the score back up in the 90's.

I have not applied for finace, insurance or any new accounts.

Anyone else experienced this?

[Dr Interceptor]

I use Riskdisk which gives you a 'risk' score, plus a 'credit limit' value, so it looks something like this:

Risk: 60 - Suitable Guarantees Required - Credit Limit: £0.00

Risk: 1 - Okay to offer your normal trading terms - Credit Limit: £4,500.00

One of my businesses went from massive risk scoring, to a much lower score, just by submitting the new year end accounts. The results in the accounts were largely the same as the year before, but just the fresh accounts improved the score.

Odd.

[528Sport]

thanks
Our system similar. 0 = run a mile 100 = no worries give em what they want

I just wish I could put a stop to whoever is doing monthly checks on me, not just monitoring (no objection to that) but fill blown credit checks my score goes down each month because of it.

we haven't applied for credit anywhere or started dealing with new customers.

[jammy_basturd]

Quick Google for "credit check CPU link enquiry" suggests that it might be Barclaycard: http://forums.moneysavingexpert.com/showthread.php...

Surely trial account with Experian should show you who is making the credit checks?

[528Sport]

Ive spoken to Experian who provide the back end system for Credit focus... They say a "cpu link enquiry" is automated and could be anyone...


Cheers for the reply thou

[Zoon]

Funnily enough we've been turned down by the British Gas Energy Efficiency Fund today as our credit check was too good!!

If only we'd have been more reckless and spent all the money.