Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
Page 124
    • DCFC79
    • By DCFC79 13th Apr 17, 10:46 PM
    • 29,353 Posts
    • 18,559 Thanks
    DCFC79
    Hi There, I could do with some advice re my credit reports please.
    I have signed up for both Experian and Noddle, but they are very conflicting scores.
    Experian score me at 997/999, whilst Noddle score me at 536/710 and a rating of 1/5.
    I'm confused how they can be so different.
    Years ago my finances were in bad shape, but i'm out of that now and have no debt at all.
    I'm looking to apply for a mortgage, but a bit nervous about doing so based on teh Noddle score.

    Any advice would be greatly appreciated.

    cheers
    Originally posted by Bill12345
    What matters is the history not the scores, if you worry about the scores you will lose sleep over it.

    You must have missed a reply stating the scores aren't seen by anyone.
    Je Suis Charlie
    • RedTriAnon
    • By RedTriAnon 3rd May 17, 12:01 PM
    • 1 Posts
    • 0 Thanks
    RedTriAnon
    On all applications I have seen, they ask how long your bank account has been held for. I have 2 current accounts, one was opened in 2006, the other in 2012. I'd like to close the 2006 account and get an account with an introductory offer/better services, but am worried this may affect remortgaging in the future and/or my credit score.
    Is there an optimum time for holding a bank account? Like when getting car insurance, once they know you've had you license for over 20 years, any additional years don't seem to make a difference.
    Thanks.
    • NM1882
    • By NM1882 3rd May 17, 1:13 PM
    • 1 Posts
    • 0 Thanks
    NM1882
    Hello Guys

    Just wondered if anyone can help? i have got very good credit rating so i applied for a loan for £7500 to get the good rate so i could do my central heating, bathroom and kitchen all together and to my surprise i got declined! looked on my credit file and it says as i have applied for 2 previous bits of credit within a short time frame it has declined me! i have had 2 loans but payed them off early one by 6 months, the other was for 2 years and i payed off within 3 months by making the decision to use my savings to pay off which i thought would help my credit score but no it has counted against me for essentially paying these 2 off early!!! i have spoken to Experian and told them the circumstances but they have just said not to apply for any more credit for 6 months! seems really unfair that i pay off early and get punished! is there anyway i can get this removed from my credit file? does anyone have any idea's please? i have written to TSB who i applied for the loan to appeal and explained about how i have paid these 2 loans off so early and am awaiting there reply but it isn't going to fix my credit file! really frustrating that by paying off early you get knocked back because a computer says no! any advice would be great!

    Thanks in advance!
    • zx81
    • By zx81 3rd May 17, 1:23 PM
    • 12,002 Posts
    • 12,136 Thanks
    zx81
    You have no credit score. Just credit history.

    You haven't been penalised for early settlement by anyone.

    Affordability is more likely to be a reason for the decline. What is your income? Who did you apply to? What data do your other credit files show?
    • carolynw
    • By carolynw 1st Jun 17, 6:34 PM
    • 13 Posts
    • 8 Thanks
    carolynw
    Credit score on Clearscore going down but why??????
    Help please we are really worried. We are trying to move house, downsize but we still need a mortgage. Both my husband's and my clearscore score has gone down by 10 and 12 respectively but the report says no changes! We have been so careful with money this seems like a proverbial slap in the face. Can anyone shed any light and is there anything we can do about it. Our credit club score has improved! thanks
    • DCFC79
    • By DCFC79 11th Jun 17, 11:04 AM
    • 29,353 Posts
    • 18,559 Thanks
    DCFC79
    Help please we are really worried. We are trying to move house, downsize but we still need a mortgage. Both my husband's and my clearscore score has gone down by 10 and 12 respectively but the report says no changes! We have been so careful with money this seems like a proverbial slap in the face. Can anyone shed any light and is there anything we can do about it. Our credit club score has improved! thanks
    Originally posted by carolynw
    The score doesn't matter.
    Je Suis Charlie
    • moogl3s
    • By moogl3s 16th Jun 17, 9:56 AM
    • 1 Posts
    • 0 Thanks
    moogl3s
    Hi all,

    I've read the Credit score article online here. What I couldn't find out is, whether it is worth re-opening an old current account to help show I've had an account for a long time? I closed it last year after not much use but then saw the part where a long standing account can help your score.
    • zx81
    • By zx81 16th Jun 17, 10:00 AM
    • 12,002 Posts
    • 12,136 Thanks
    zx81
    then saw the part where a long standing account can help your score.
    Originally posted by moogl3s
    D'oh!!! .
    • ben1888
    • By ben1888 23rd Jun 17, 4:03 PM
    • 1 Posts
    • 0 Thanks
    ben1888
    Overdrawn due to interest
    I had a dormant account within an agreed overdraft (balance sat at about £248, £250 was the agreed limit)

    After a few months dormant the interest on the overdraft resulted in the balance going beyond the agreed limit of £250, but I did not notice this as it was not in use. This repeated for 4 months, by the 4th month I was only beyond the limit by a few quid but I now have '6 months of late payment' on my credit report which has crippled my credit score.

    Do I have any course of action to help this? Is the bank partly at fault for allowing this to happen?

    Furthermore, upon realising the situation I immediately paid into the account to bring the balance back up to zero and closed the account, this was 9 June 2015, the account first going over the credit limit on 26 February 2015.
    • zx81
    • By zx81 23rd Jun 17, 4:10 PM
    • 12,002 Posts
    • 12,136 Thanks
    zx81
    No. It's your fault.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

510Posts Today

4,974Users online

Martin's Twitter