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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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CCJ and Open account
Hi all, I have noticed something this morning on my CF and im not sure if its correct (likely is) but just wanted to check. I had a credit agreement that I went into default with; CCJ issued, payment upfront wasnt going to happen, payment plan proposed by me denied so it went to attachment of earning for less then what I…
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MSE Credit Club: Experian or TransUnion
I know that the MSE Credit club is changing its credit reporting base from Experian to TransUnion. It was no surprise therefore when it showed my TransUnion credit report a few days ago. Now however, it has reverted to showing my Experian credit report. Can I confirm this is also the experience of others on this site.
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New MSE credit club says I have opened accounts when I haven't
It says this: You have 1 thing to work on You’ve opened a few new accounts recently You’ve opened three or more new accounts in the past six months. This is wrong, I haven't opened even one new account. Bizarrely when I go into the accounts section there are no new accounts.... It's not a problem as anything I want is…
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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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£281 old debt and now can't get a mortgage
Hello, I hope someone can help me. I have put a chronology below. Because of this £281 old debt I am struggling to get a mortgage, I would be very grateful if someone could advise me. Thank you. * Debt with [COMPANY A] – amount owed £281.72 * 13/4/2020 I attempted to log into my account to pay the outstanding balance but…
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Cancelling CCJ timeline (paid within 30 days)
Anyone have experience of how long it took to get a CCJ cancelled, the court to issue a certificate of cancelling and/or removed from credit file? Partner got a CCj for a parking fine, paid within 30 days, legal company said they’d inform the court but he filled a N443 form as a belt and braces approach. As we were…
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Experian Credit Lock, What Does it actually stop...
mser's I have Experian Credit Lock Alerts via email, suggesting some HP searches were stopped by Credit Lock, which I've been using for ages. Now that it's switched off do those Searches need to be made again. thanks
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Applying for an AMEX CC with a default
Hi, Back in 2020 I received a default. Won't get into the details of it but it was for £30 and I had no idea the bill even existed. Other than that, I pay my bills on time, have a mortgage and have just recently paid my car off in full after using PCP. I'm trying to improve my credit history by getting credit as I did not…
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Help with AP
Hello, I’m new here. When I got married, my husband had a very bad credit score with a lot of debt. I took over his finance and paid off everything. The last payment was made this month. Few months ago, I checked our report on checkafile. I found out that he had an arrangement to pay on his virgin credit file. We are now…
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Hard Inquiry for refinance advertised as favorable
Experian suggested a refinance of an auto loan that would save $1000 by dropping my interest 1%. Creditor performed a hard inquiry, then contacted my current creditor and came back with the bad news that the interest rate would actually be higher and the only possible benefit would be lower monthly payments. Is this hard…
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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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Bank Credit Rating
I was diagnosed with Prostate Cancer a year ago. I was about to cross to another job and rather stupidly confessed I'd had the diagnosis. The new company dropped me before I had a chance to sign the contract. This left me without an income and I had to sign on to the ESA. I then asked my bank (HSBC) for a 3 month break on…
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JC INTERNATIONAL ACQUISITION LLC
Hi I have just been informed that my credit file has a default account on it. I was furious as I pay all my debts and accounts promptly and on time Searching my history I found this company listed as a default creditor: JC INTERNATIONAL ACQUISITION LLC Now I have no idea why I owe them (they are a debt recovery company) I…
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British Gas reporting Missed payment on credit karma
I've just had a notification from Credit Karma that British Gas are reporting i've missed a payment/bill this is wholly untrue has anyone else had this problem ? In late march/april when i logged into my BG account it said i was being transfered to their new system it didn't give me an option to refuse it said my account…
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Will this help with my credit score?
I don't have any credit cards or loans. Just a mortgage. I am in need of a loan for a car so will be getting one soon as we have just paid off our PCP finance in full on our other car and need to change to a different car. I want to get an American express CC to rack up air miles. I also want to get a second CC with 0%…
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connection to an address
Hi all I need some help as I just keep hitting a brick wall!! I've recently had some references done to rent a new property, They came back that I have a CCJ I knew I didn't and after some investigation we established it was actually my mother in laws! we both have the same initials and surname! we lived in the property…
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Multiple defaults for the same debt
Hi I have an old credit card debt that I defaulted on although the debt is being paid gradually. A company called Link Financial purchased the debt from RBS and applied a 2nd default so I now have 2 defaults on my credit history for the same debt. Is that allowed/correct?
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Slowest Companies for Reporting Balances
Who are people finding the worst for updating CRAs with information? I'm finding barclays are showing on my CRAs with a recently 'updated' credit history, i.e. balances, payments etc but then the balances show are not reflective of payments made within 4-5 weeks, neither do they show my latest statement balance. Other…
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Debt collection letter but not ours
This is a bit of an odd one and I’m not sure whether to be concerned or not. We’ve received a few letters lately to our address but for the name of someone who doesn’t live here. The address is correct, name wrong. We’ve lived here for 10 years and bought the house from new so are the only occupants ever. The name is not…
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Good credit score but turned down for credit cards
If ever there was an example of how pointless these CRA credit scores are, this sums it up perfectly for me. Effectively over 95% score, yet marked 'very weak' in the affordability assessment. I've never missed a payment in my life and have plenty in the bank, but am stoozing as much as my credit limits allow (was roughly…