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Credit "Scores"
People always tell me the scores on the likes of Experian and Equifax aren't true, so I'm wondering why lenders use the scores to make their decision? EG: My credit file used to be abysmal. Over the years I've worked hard and now I don't have any late payments on it, and the small default comes off in June next year. The…
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For FAQ - How long will my DMP affect my credit report?
For FAQ - How long will my DMP affect my credit report? How long the accounts included in a DMP, and any DMP marker added to them, remain on your credit report depends on whether the accounts on your report have had a default recorded by the lender. Undefaulted account. An undefaulted account remains on your report for 6…
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Trying to lift my rating
Hi, I currently have a rating of poor (646), according to Experian. According to my mortgage provider (and I'm sure he's right) this is simply not high enough for me to get a mortgage when I have a measly 15% deposit. I have the following negative points according to Experian: 1. You have an account regarded as defaulted…
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Trying to get Natwest Default removed.
Hello all I'm desperately trying to get a default removed from my credit rating. I hope you can help. I recently applied for a Career Development Loan with Barleys to help fund an MA course that I'm due to start at the start of October. Unfortunately I was refused credit due to a default setting on my credit rating that I…
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Help please!
Hi I'd really appreciate some advice. My husband and I would like to buy our own home, we've been renting for 6 years and have managed to get together £25,000 for a deposit, we have a good income of £65,000 per year between us. I however don't have a fantastic credit rating, it is showing as very poor at the moment on…
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How long do accounts/defaults remain on your credit file?
For FAQ - How long do accounts/defaults remain on your credit file? Equifax has the most succinct answer to this on their FAQ, but the same principle applies to all 3 CRAs So in more detail..... Non-defaulted accounts. For an account that has never had a formal default recorded on the CRA record, the account and history…
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Is it possible to get credit with defaults that have been satisfied for four years?
Apologies if this is in the wrong section. My OH was in a dmp which ended September 2009, she had a number of defaults still showing on her credit file that have been satisfied for 4 years. Will it be possible fir her to get credit now? Nothing major just a phone contract to start helping her credit rating. Does anyone…
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Credit score reduced due to a missed payment we were not aware about
Just wondering if anyone can help at all Myself and my partner recently applied for a mortgage, after saving a massive 25% deposit we were surprised to be declined. After taking out an account with Equifax we discovered what the problem was: my partner had taken out a TV and laptop on finance 4years previous, we discovered…
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Pay Day Loan Associate Search on Credit
Having received an E Mail from Equifax that there has been an update to my credit file, it turned out to be an associate search from a payday loan company (Think Finance, who I'd never heard of until then). I'm guessing this is a search that my ex has had carried out in an application for a loan. Basically we have a pretty…
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Advice needed
I need to improve my credit score, currently at 601 main reason is the amount of debt, always on time with payments, etc. I have 3 credit card totalling about £13,000 (5 on two, 3 on one) I have been given £5000 to pay off one, however I want to get rid of the credit card, will this help my credit score or should I keep…
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Best way to improve credit score?
Hi folks, what would you say is the best way to improve a bad credit score?
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Closing of Non-Used CC..
Hi! So i have two Credit Cards currently and I am unsure as to whether to close one down. My first CC is with my bank (Nationwide), offers me cashback and I use it all the time (I pay for everything on it, but I also clear it every month). It has a £5050 limit which regularly can get increased. I also have a Sainsbury's CC…
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Appealing against default.
After a long (4 yrs) period of making reduced payments to shop direct, £50 per month, they have sold/passed my account on to Lowell. As soon as they wrote to me introducing themselves, they requested I set up a payment plan,I made them exactly the same offer of £50 ,which they accepted straight away. This has been paid on…
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trying to get mortgage credit problems
hi all, i'n trying to get a mortgage but don't have great credit I had some previous problems with my debts but have worked hard and paid off everything. But am struggling to get new credit to improve my rating due to previous defaults I did in jan successfully get a capital one card high interest one with a 1,500 limit…
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default expiring
as the topic says my 1 and only default is 6 years old on the 10-9-2013 and boy im looking forward to that droping off this has been a lesson learnt always at least pay the min so will I notice any overnight difference on my credit file all of my current cards are upto date v healthy limit and owe very little on all on 0%…
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Tenant Credit Referencing
