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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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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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Who are GB Group 888 UK Ltd
I have just received an alert from Equifax of a credit search form GB Group 888 UK Ltd, it has my date of birth, first and last names correct but the middle name is wrong. Does anyone know who GB Group 888 UK Ltd are, i have tried looking on line and Companies House but all I am finding is an address in Wales and showing…
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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…
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Will this look bad on my Credit Record?
Suppose I used 80% of my Credit Card limit to buy one item (say foreign currency), then paid it off immediately the spend appeared on my card, ie. before the next statement date. Would that go down as high credit utilisation, and look bad on my credit record?
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Default issued in wrong name
Hi there. Sorry if this is a long post. So I’ve been trying to contact British Gas recently about a default they registered on my credit file 4 years ago but has only recently showed up. After my 4th attempt at contacting them, I was told on live chat that my first name had been misspelled. I was told by the chat operator…
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Credit identification error
Hello, I am hoping someone can help me. I am 24, but since the age of 18 my bank thought I was 14 for 4 years, with the complete wrong date of birth. This has now been rectified This has majorly affected my credit score and credit checks etc. I have several credit agreements with various different suppliers, including a…
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Default drop off after 6 years
So i got into financial trouble years back and got a default with a Credit Card / Store Card this then went to lowell with a default raised as below Default of £345, recorded June 2018 (Reported until June 2024) I started paying lowell back a while back monthly and my question is what happens come June when this drops off…
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Late Payment Registered
Hello all, I am new on here. Just wondering if anyone can confirm the earliest date a late payment can be registered on your credit file? I assumed it was 30 days past due date.. Thank you
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Settling a PCP - how long before the credit no longer show on my credit report ?
As above - I am looking to make a settlement on a PCP, in order to improve my credit score to be able to re-mortgage and take some more ££ out for home renovations. Would anyone know how long after making the settlement that it will no longer appear on my credit report, please ?
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Unknown CCJ found - Old address issued at (6 years plus)
Hi all, Im trying not spam up threads with the same posts so I’ll
try and keep everything really simple as just looking for best course of
advice. Over weekend from checking my credit report I discovered a
CCJ: * Issued – July 2023 * Address showing CCJ issued at – an old address I moved out
of in 2017 * Time at current…
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Credit checks and phone contract change before closing. Can you speak to the lender directly?
I have a mortgage approved but move in date isn’t until July. As many know phone contract prices aren’t too great just now and mines going up. My device plan is due to finish later in the year and my term has ended. I’ve found out by moving to a different provider and getting an upgraded phone my contact will go down £24 a…
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Hard Search - How Long
Hi, I've noticed Transunion have some hard searches on my file dating back to July 2022. Are they not suppose to drop off at 12 months?. Thank you.
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Gap in Address History / Changing Flat 8-12 Months Before Buying
I'm seeking advice regarding my current situation. My landlord has decided to sell the flat I'm renting, so I might need to find new accommodation approximately 10-12 months before I intend to buy a property. To save money, I'm considering terminating the lease before my planned trip abroad, which will last for at least…
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Defaults dates IVA
Evening all I entered into an IVA in March 2018 most of the defaults were issued before the IVA started and have therefore dropped off my credit file. However I have 2 that are after the IVA date, one end of April another June, I believed that these should show as default from the same time as the IVA. I have contacted…
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Incorrect Broadband Provider on Credit Check
Hi all, I'm trying to transfer my broadband from Sky to Vodafone, as Sky are hiking my price a whopping 13% and so I have a small window to go to another provider. There is a great deal on Vodafone broadband on U Switch - currently offering an extremely generous Amazon Voucher into the deal. Unfortunately, when completing…
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Shop Credit Account - keep open or close?
Hi, I have an account open with Very - I have now paid this account off completely. My question is: should I close this account or keep it open? I have no intention of using the account again.
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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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Changing address
Hi all, I recently checked my credit rating which is all good but have a potential issue. I have rented in London for a few years but have kept my bank account registered at my parents address for ease (as in London you often only have a years stability when renting). I am now looking to apply for a mortgage. For my proof…
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How to drop 10 points Experian.
Delighted to view accurate minus 10 points from Experian Score. Why- Make use of 0%VM Offer via Cooker purchase. Is it possibly- 1. I'm using 'More Credit' 2. Percentage of Utilsation has changed. 3. Total Credit Balances have Increased. It's times such as these, I continue to visually check Score anyway. I intend to re…
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Ongoing Defaults after a Bankruptcy Discharge
Hello, I am new here! I am hoping to get some advice. Got in way over my head after I closed my business in 2019 with debt. Bankruptcy really was the only solution. The bankruptcy was discharged in 2021. However, whilst the majority of creditors state 'Satisfied' on my credit reports, three creditors are still issuing…