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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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Do I need to look through transunion
Hi all Just been looking at my credit file to try and keep it upto date. I've gone through Experian and clearscore but I also found TransUnion which I've never heard of but it seemed much more complicated than the other 2 so I was wondering if i need to go through that one too? Kind regards Mark
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Freezing the 3 credit agencies files
Hi just looking for some advice, I'm based in the UK.I think I've been phishd and am trying to freeze my credit with experian equifax and transunion. (I have frozen my bank card) Experian I only managed to lock, I have paid acount with equifax but apparently can't freeze (they told me, i can only add sub correction…
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Cashback now or credit rating for next year?
Now then, just looking for an opinion on the following, specifically potential impacts on car finance/loan. - We’re about to make a one-off £4K purchase - I’m contemplating taking two 5% cashback Amex cards - between me and my (financially linked) partner. - maximising the initial cashback (£200 between us) - we have the…
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Good idea to have Direct Debits on Bank account to boost credit rating and if so how many?
Hello, It seems its a good idea to have Direct Debits on Bank account to boost credit rating and if so how many? What about charity donations via DD etc? I have about 3 now as I want to delete my rent one and pay via 0% CC. I also deleted my 3 previous charity DDs. I hear tell they reckon 6 is a good figure to ensure no…
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CCJ found regarding PPI fees - Issued to Old address.
Hi guys looking for some help, In March 2020 I was lucky enough to receive a PPI refund
from Consumer Refund Services Limited. As a result of receiving this money we moved house five
months later right in the middle of the pandemic. Fast forward 4 years and I have recently discovered a CCJ against
me this week by CRSL for…
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Being wrongfully charged is affecting my credit score - any advice is appreciated!
Hi everyone, I’ve been having an awful experience with Three mobile for the past four months, and I would really appreciate anyone’s advice or suggestions of what to do. Towards the end of last year, I ordered a new phone from Three, on a monthly repayment plan. When the phone arrived, it had been opened and very clearly…
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Student loan pre 1998
Hi all, I had a student loan which (I think) was pre-1998. I had a nervous breakdown, was hospitalised and never finished my degree. I then moved abroad where I was mentally unwell for a number of years. My student loan was the last thing on my mind. I have never contacted the student loan company since I took out the loan…
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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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Delinquent debt never went to default HELP
Hi I had an old payday loan taken out in my name in 2016 and it was never paid, i discovered this in Dec 2020 and paid it, think through a collection agency. The Payday Uk no longer trade so cannot get them to sort this. It is only reported on Experian, and as a 6 then settled, never a default, it went to a 6 in march…
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Santander - We need important information from you
Hi All, I received a letter today saying we ' we need to make sure the information we hold of you is up to date so we can access full range of products and services. This is also to meet UK legal and regulatory obligations. I have an empty current account, however my mortgage is also with them. They're asking for a lot of…
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ERUDIO student loans help
HI, My student loan has recently been sold to erudio student loans company. I currently defer my loan as I am below the salary threshold to pay it back. The letter states that erudio will supply details of my loan to credit rating agencies, something that has never been done before. There have never been any details of my…
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Credit file inaccuracies
I am trying to contact the 3 CRA's after a lender has upheld my complaint but entered administration before they updated my file and removed the defaults (as they agreed to in the response to me). I notice that all three seem to be wanting me to buy a report from them and then reference this report. Is that a requirement?…
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Credit Score issue
Hi, I’ve just tried to set up a new account with Credit Score but when I got to the end was told I already had an account set up - with an email that’s definitely not mine. Credit Score say I need to send them a photo of my passport or driving license to confirm my identity but is that okay?? I don’t like the idea of…
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How to get a default removed
Hi all, So I'll just start by saying, I'm not one that has had bad credit history etc. I've done pretty well over the years, however I in 2020 I had received a letter from a company called Lowell regarding a payment they were collecting. This payment was for an old mobile sim card I had from 2013 which I had cancelled some…
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Paying off chunk of mortgage and credit history
Im looking to move properties this summer. I currently have a fixed term mortgage coming to an end in March. Im just going to stay on the SVR until I move. I have enough savings to pay off the mortgage, but if I do that it will affect my credit hsotpry negatively, so need to pay a chunk off but keep mortgage going. Is…
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Credit Club - disposable income very odd result
On my MSE Credit Club report, the 'Disposable Income' is considered very weak. I'm struggling to understand how - could it be a bug in the algorithm? Combined household income £100k, no kids or financial dependents, mortgage is only £850 a month and is joint, <£70k to repay. How on earth is that a very weak disposable…
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Bankruptcy and my Credit report
Hi so back in 2019 I filed for bankruptcy in Scotland. It was a mini bankruptcy meaning bankrupt for 6 months and lower bankruptcy fee taken. Now I know it will be on my record for 6 years but I have a query about markings on my credit score. So most companies have closed the accounts and marked it as current balance £0…
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Nat/RBS/Ulster switch porting mortgage
Hi everyone, Feeling upset and annoyed with myself for not checking before doing the Chase to RBS group switch. Both my wife and I took advantage of all 3 rbs group offers earlier this month but plan to port our mortgage in the summer, with Santander. No overdraft facility was applied for. Stupidly thought no credit check…
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Bankruptcy and credit score
I am into my 7th year of bankruptcy. When will this be deleted by credit agencies? Since my bankruptcy I have never defaulted on any bills.
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Utility company have defaulted me twice....
Hey folks, In a nutshell my utility provider defaulted me for missed payments about 3 years ago on my joint "gas and electricity" bill. Fair enough. But then a couple years later they split my gas and electricity into two bills, with new account numbers, and put my old defaulted debt into them. But when I got in financial…