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    • 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
    • 12,678 Posts
    • 12,935 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
    • 15 Posts
    • 9 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
    • 29,722 Posts
    • 18,821 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
    • 12,678 Posts
    • 12,935 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
    • 1 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
    • 12,678 Posts
    • 12,935 Thanks
    zx81
    No. It's your fault.
    • cjmillsnun
    • By cjmillsnun 25th Jul 17, 5:51 PM
    • 100 Posts
    • 60 Thanks
    cjmillsnun
    If you were not using the account, why did you not pay off the OD?

    It's your responsibility to check your own accounts.
    • Kikikickin
    • By Kikikickin 3rd Aug 17, 7:51 AM
    • 22 Posts
    • 20 Thanks
    Kikikickin
    Improving credit rating
    Hi, Can anyone help? I've just joined Credit Club and even though my finances are in good shape, my score is 'poor.' The 2 problems are lack of 'account stability' and 'credit applications.'
    I've done a switch around of my banking recently so opened a couple of accounts and have changed to a cheaper phone provider.

    I've looked on '37 Credit boosting tips' article but can't figure out how to improve my score now since it's due to several recent applications.
    I pay things on time and have a credit card which I pay off each month. I don't have too much credit.
    Can any one offer any insight/tips? Thanks in advance
    Last edited by Kikikickin; 03-08-2017 at 7:54 AM. Reason: add details
    • zx81
    • By zx81 3rd Aug 17, 7:53 AM
    • 12,678 Posts
    • 12,935 Thanks
    zx81
    The trick is to understand the irrelevance of the score.
    • Kikikickin
    • By Kikikickin 3rd Aug 17, 8:08 AM
    • 22 Posts
    • 20 Thanks
    Kikikickin
    Ok, I've had a look some more and I get that the score is irrelevant.

    But where does that leave me regarding the fact that I've opened a few accounts recently, and none of my accounts are longstanding? Does that mean there's nothing I can do to make myself more attractive to lenders aside from what I'm doing already?
    • DCFC79
    • By DCFC79 3rd Aug 17, 8:13 AM
    • 29,722 Posts
    • 18,821 Thanks
    DCFC79
    Ok, I've had a look some more and I get that the score is irrelevant.

    But where does that leave me regarding the fact that I've opened a few accounts recently, and none of my accounts are longstanding? Does that mean there's nothing I can do to make myself more attractive to lenders aside from what I'm doing already?
    Originally posted by Kikikickin

    You cant change the past but you can change what you do from now onwards using a credit card.
    Je Suis Charlie
    • zx81
    • By zx81 3rd Aug 17, 8:22 AM
    • 12,678 Posts
    • 12,935 Thanks
    zx81
    Time will do the rest.
    • aponte jessica
    • By aponte jessica 6th Aug 17, 9:19 PM
    • 1 Posts
    • 0 Thanks
    aponte jessica
    if you need to improve your credit score contact keinetcybertechnologies@gmail.com ,he did mine within 24 hours and cleared my unwanted collections,also collects payment after the job is done
    • DCFC79
    • By DCFC79 6th Aug 17, 9:30 PM
    • 29,722 Posts
    • 18,821 Thanks
    DCFC79
    if you need to improve your credit score contact keinetcybertechno@@gies@gmail.com ,he did mine within 24 hours and cleared my unwanted collections,also collects payment after the job is done
    Originally posted by aponte jessica
    Anyone who sees this don't do it please as it's not possible.
    Je Suis Charlie
    • vishva
    • By vishva 10th Aug 17, 3:13 PM
    • 3 Posts
    • 0 Thanks
    vishva
    7 steps to raise your credit score

    Watch those credit card balances.
    Eliminate credit card balances.
    Leave old debt on your report.
    Use your calendar.
    Pay bills on time.
    Don't hint at risk.
    Don't obsess.
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