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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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TotallyMoney vs CreditKarma vs ClearScore
I already use CreditKarma and ClearScore. Is there any benefit in signing up with TotallyMoney?
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Tricky Three situation - they've got me by the credit reports
TL;DR: Three cancelled my service due to a miscommunication and are charging me for the full two years. How do I avoid the charge and keep my credit report intact? Morning folks, here is the full situation. I requested a PAC from Three and received it in an SMS with the following information: "If you switch today, the…
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My name and address has been stolen to setup a fraudulent Laybuy account,
Hi all. I am being chased by a debt recovery firm over a £320 debt made with Laybuy. I have never heard of Laybuy until this summons came through, never used them, never used their app, but says I have an account with them which was setup on November 26th 2023. The thief has made 4 separate orders from that date, and the…
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No Credit Card on MSE Credit Club
Hello, I have just looked at my credit info on the new MSE credit club website. It states that I have no active credit cards. It shows I need to "Start demonstrating responsible credit use". I have had a credit card for ages, which is used regularly and paid off each month. Can anyone advise how I can get this credit card…
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What is zilch loan and getting them removed
Hi all, Looking on my credit file last night and found zilch loan on there with £0 as a balance and it's been active for a few years but I don't know who they are or why they are on my file so how do I get them deleted please Kind regards Mark
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Legal Advice Needed on Debt Collection Practices
Hi everyone, I'm seeking some advice regarding a debt that was originally with Halifax. I then defaulted, and the debt was then sold to Cabot. I’ve been following a payment plan for several years and have paid off about 70% of the original debt. Recently, Cabot has been sending letters urging me to contact them to discuss…
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Improve Credit Score
Hi there! Based in Scotland here, and first time I join a forum of any kind! I just had a financial health check with a senior banker at my bank, and found out I have a lower credit score than expected. Apparently, what impacts it are two things: * the fact that I've recently changed address, meaning that I have only been…
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Residential director
H I'm a residential director of a non profit making company that maintains our housing estate.Im just a representative for the residents, so have a say on what areas get maintained and the costs we get charged. Is this in anyway going to affect my mortgage application? I was considering just resigning as a director so it…
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credit reference agencies, fraud, identity theft etc
Is it worth it to keep monthly subscription to both Experian and Equifax while having credit to keep an eye what changes are done on my credit file just to make sure that nobody is committing fraud on my account, using my details, taking out loans in my name etc?. Are there any better and cheaper ways to protect oneself…
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Will mobile phone company offer a repayment plan?
I used up many many minutes of premium numbers. I am on Asda mobile and they do have a section if their is trouble, you can contact customer service, which I will. I know other companies offered a 6 month repayment plan. I racked up around £500. 300 minutes of £1.50 premium rate plus £0.15 non standard calling. I'm not…
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Will I have to undergo a hard credit search to switch bank account type, to a student account?
Hi does anyone know if I would have to undergo a hard credit search if I were to switch my standard current account to a student account (as I have recently become a student). Or could they switch my account type with just a simple soft credit search? I’m fine with soft searches, but want to avoid any hard searches, as…
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Resolve call chasing debt paid off years ago.
Hello Newby here. I just had a text telling me I'm getting a house call from Resolve Call. It quotes the name I had 20 years ago, and the link is about a debt I had 22 years ago that was paid in full within a year by installments via an Allpay card. I received help and advice from the local community law service at the…
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Fairscore (T/A as Updraft)
Had a loan with them opened in October, they didn't report it to any CRA so I was thinking they weren't going to. Then I check my live Transunion report and see it has been added today. Presumably it will now appear on the next version of my Equifax report. It's just frustrating it's taken so long as I was working and…
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Rebuilding finances after DMP without credit card
Evening all, I’m new to this category of the forum , I’ve mostly been over on debt free wannabe areas of the site. i have just finished my second DMP , my first was 2017 to 2021 and my second 2022 until 2024 (last week). Of course , I’ve had a few defaults, the ones from my first DMP have dropped off my file now but I have…
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Link Financial - Transunion report
Hello, I need help with some statements in my report from Transunion. There is unpaid balance from Link Financial Outsorcing limited (from Shop Direct). I never signed up or used that account. According to record account is made in december 2019. But i wasnt in UK from december to february and that was already my old…
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CCJ set aside cst law
New here wonder if anyone can help In January 2024 I had a notification that my credit score had changed this was on my halifax bank account I was absolutely horrified to see that early January 2024 a CCJ had appeared It was from a property I had owned and sold in 2020 I had informed united utilities I had moved out I…
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Bank account closed, very scared
Hi everyone, I'm in a tough spot and could use some advice. Last week, my bank account with First Direct was closed without any warning. I'm already dealing with about £18,000 in debt and planning to enter a Debt Management Plan because of high living costs. I have autism, which makes financial management more challenging…
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Defaulted account affecting credit score
So in May of last year I was switched from Virgin to O2 for my mobile phone. I had always had great service from Virgin, been with them ever since I first got a mobile phone, but O2 was a nightmare from the word go. I started being bombarded with texts, emails & calls (always from Indian call centres) plus the amounts I…
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IDENTIFICATION: Generic Check
Hello. So on the 4th of Dec 2023 I was looking for credit card deals on my CreditKarma app. to see the best deals available to me. After doing that I could see on my Experian credit file all the soft searches for this which is fine as I understand that’s what happens. Amongst these I could see a few soft searches for…
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Am I at fault?
I took an 18 month broadband contract with Vodafone July 2018. 3 months later after countless calls to Vodafone, 3 OpenReach engineer visits & a booster later, I could not get a working service in my property and I advised I had to leave due to non-working service. I was charged an early termination fee of £215 which I…