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What your credit score really means
Hi! This is the discussion thread for the What credit scores really mean guide. Click reply below to discuss. If you haven’t already, join the forum to reply. Thanks folks,
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What your Credit Score really means - Please read first before posting about a credit score issue.
Hi all! This is the discussion thread for the What credit scores really mean guide. Well, what does your credit score really mean ?. By Martin If you've paid to get a credit score from one of the credit agencies, how reliable is it? We run through the truth about credit scores. I’ve just found out that my credit score has…
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New to the Credit File & Ratings board? Start here
Useful links to MoneySavingExpert.com guides * Top tips to build your credit score * How to check your credit report for Free * Credit Club * Build your credit history * Student credit scoring * Should I get a loan if I have a bad credit score? 💡 If there's a link you think we should include here, please send me a message!
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Help with a Capital on Tap guarantee
Hi all, I’m hoping someone with experience of business credit card guarantees or credit reporting can give me a bit of guidance. I was guarantor on a Capital on Tap business credit card. Since the business closed, I accept I’m responsible for the balance personally under the guarantee. I’ve been cooperative from the very…
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Moved: Which Debt to Default on
This discussion has been moved.
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NewDay CIFAS
Good morning. My NewDay credit card was closed without warning last year, and I was informed that my credit facilities had been withdrawn. Soon after, Santander notified me that they were closing my current accounts with 60 days' notice. They cited a CIFAS category 6 (misuse of facility) marker on my credit file. I…
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Assisting a Vulnerable Person - Advice Needed
Hello and apologies for the very long post. A brief outline of situation. Vulnerable Adult/Person (but perhaps think of a 10 year old child). In 2014 Vulnerable Person (VP) entered into a 'contract phone with EE)' , The contract ran for over 7 years and cost £50 pcm for a small amount of data only. There were never any…
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Don't have a credit score but should
Looking for some advice, I have tried logging into several agencies to access my credit score (Experian etc) however I cannot be found or verified on any, it seems I don't have a credit history despite having multiple bank accounts with income, paying tax, being on the electoral register etc for years. This was initially…
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Best Way to be notified about CCJs at old addresses.
I am a newbie on this forum so please bear with me. I plan on getting a mortgage at some point in the near future, but not immediately, (say 2-3 years from now). So I want to maintain a clean credit profile. I have recently, through reading consumer horror stories, stumbled onto the dark world of debt collectors suing at…
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Cyber Attack - personal data
Just been notified from a former employer that they experienced a cyber incident between Feb 2023 to Sept 2023. The employer has only just notified me of this and I have been given access to a credit reference agency free of charge to check. My concern is that this happened almost 2 years ago and the letter indicates that…
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Credit reporting
Advice please.I took out a loan with Five lamps on 5 July 2017.It fell into arrears in 2017/18.A default was registered on my credit file on 26 February 2019. Default came off my credit file in February 2025. Since March the loan is being reported again on my credit file as missed payment each month. Company state that…
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soft searches
I have checked my credit report and note since the 1 November until today there have been over 40 soft searches from a company called JAJA finance. Most are quotation searches and one is AF?. However no hard search has been done. I do not understand why so many from the same same company. Also I get my credit report from…
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Hitachi (now Novuna) never defaulted me?! M&S Incorrect default date? how to fix?! Pls help!
So, in July 2019 I made some very bad financial decisions, I'm in serious debt and can no longer afford my loans or credit cards. I contact all my creditors and offer £1 a month for all of my accounts ( did this without StepChange ) and have continued to pay them on time every month. Long story short it's been 6 years now…
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Irresponsible lending & my credit file
Hello! New member here. I hope this is the right forum for some advice. About a year ago, the Ombudsman upheld an irresponsible lending complaint for me on a personal loan. As part of the redress, the lender was instructed to: * Remove all interest and set the loan to 0% * Remove any negative entries from my credit file *…
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Atom Bank and Equifax
I have a mortgage with Atom bank for over a year now, it appears on my Experian and TransUnion reports but not Equifax. Anyone else here with a Atom bank mortgage with the same situation?
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Soft searches.
I've just been notified of a soft search made by LexisNexis (IIL) - Insurance Services. I have not to my knowledge had any contact with this firm, indeed I have done nothing "Insurance Related" since last September when my Car insurance was due! Also intrigued by the Bank accounts showing zero! Can anyone advise?
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Remove arrangement to pay marker from credit file?
Years ago my debt situation was very bad. Multiple CCJs, defaults, late payments, payday loans, etc. Bar one default and a series of late payments which will come off in October, I only have one negative marker left - an arrangement to pay with my bank from May-August 2023. Basically what happened was, as I was paying down…
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electoral roll / credit file
I moved house end March , and updated with local council - my mse / credit karma and monzo credit insights say i’m not on electoral roll. but my experian says i am - my council also confirm i am and it was updated beginning April - should i be concerned with this or will it just update ??
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From your experience
My credit file is in a pretty bad way but in: 1 years time 4 defaults will drop off. 1 1/2 years time my last and final default will drop off. 2 1/2 years time 9 missed payments will drop off my report. The last default and the 9 missed payments are only showing on my equifax report and the 4 four defaults are showing with…
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Buiying a new car with exisiting debt
I've just finished my PCP agreement for a car (£330pcm). I need a new car but have the following set of circumstances: - Credit Score 847/999 (Good) - Personal loan / £7,400 to pay of £10k / No missed payments - Mortgage / £184k left to pay of £201k / No missed payments - Credit card / £10k but 88% utilisation / No missed…
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CCJ, low credit score, 50%deposit wanting a mortgage
Hello everybody, first time posting!! Looking for some advice! Been renting with partner for 3 years, managed to save a 50% deposit for a house, joint income £90.000 PA Partner has great credit score, mine pretty poor, getting back on track but 1 CCJ on my file added last year as a result of previous marriage. Both full…
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Clarity in default reporting
Hoping to get some clarity on how these are reported as it seems every lender does it differently! In Sept 21 I went bankrupt. some lenders reported accounts satisfied in sept 21 (which I thought was correct) some lenders continued to report the accounts as being in default until Sept 22 (when bankruptcy is discharged) I…
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Can I sue a credit reporting agency
I had an issue where Transunion incorrectly put 6 missed payments on my credit report. After 5 months of investigation they finally admitted it was entirely their error and removed these inaccuracies. Before the fault I had a 990 credit rating, it dropped to 600 with the fault, I was rejected for a mortgage had credit card…
