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Who decided 6 years?!
Hi Just been bugging me and thought someone here would know the answer! Why does any black mark stay for 6 years?! Why not 5?! My brain can't figure out any logical reason!!!
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credit file corrections
Hi My OH has recently (a couple of days ago) had a correction applied to her credit history. This was the removable of 'late' payments. When we order a report, it shows the erronous data has been corrected and there are no 'late' payments. I was wondering, do lenders see the same information we do? i.e. we can see the…
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Credit file defaults - advice please?
Hi everyone After a long, weary 5 years my financial life is nearly back together. I am older, wiser, and far more knowledgeable about what I'm doing. My question relates to my credit file. All my defaults are due to go 'offline' in May next year, except for 2 which were where the companies concerned sold on my debt. This…
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Council tax Magistrates summons and credit file
Hello I could not determine the right place to post this, so feel free to move if necessary. Essentially, Myself and my partner have a Magistrates court summons tomorrow as the local council are claiming we have not paid council tax for this year starting in April. The thing is, we HAVE paid, the full monthly amount, every…
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Moving home, effect on credit worthiness?
Four month's ago I moved home, I was at my previous address nearly 6 years. Plus on the electoral roll, my electoral roll history goes back to 1992. If I applied for a credit product would they just check my previous addresses to approve an application. A few days ago I received notification from my local council about a…
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Defaults on credit file
Hi everyone I have 3 defaults on my credit file from credit card accounts I was unable to pay after becoming unemployed several years ago. The debts amount to around £2000, and I was wondering if I pay these off now will the defaults be removed? Also, do I contact the debt collection agencies about paying off the debts or…
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Electoral Register and Mortgage App.
Hi All, I'm looking to start the process of getting my first mortgage within the next couple of months. My credit file is excellent with no missed payments etc other than the fact that I'm currently not on the Electoral Register, although this is in progress. I moved in January and therefore am no longer on the register at…
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Clearing my credit file
very long boring story cut short. Basically in 2012 I sold my house, there was shortfall on the mortgage, and I agreed to settle this with monthly payments. But, this is showing as a 'default' on my credit file. Its with Leeds bank. Ive phoned Leeds and they said they dont know why. So although the balance decreases each…
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credit bureau data
HI there my app has been referred to underwriters due to credit bureau data??? I am confused as I have up to date copies of experian and equifax and nothing showing apart from 1 late payment in jan 2012 Is credit bureau data different than the data held by credit reference agencies? Many thanks
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Why are Barclays still writing to me?
I received a letter from a debt collecting agency on behalf of Barclays for £830 which was an overdraft before they closed my account in 2006/2007. the account was defaulted around this time as well i think. the debt got removed from my credit last year June and no longer apppears. should they still be chasing me for this…
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Experian Credit Problem - settled debt!
Hi all could you please advise, my credit rating was fair even though I had two credit cards frozen on agreement and being paid regularly. One I just settled with Barclaycard at an agreed amount and although it has come up settled on the balance they have put a 6 month arrears marker on it - which doesnt make sense when it…
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Coming back to UK - Transfer Credit Card?
Hi All, We're moving back to the UK from Hong Kong in a couple of months. That probably means starting again with building a credit history, as it's been 5 years at least since we were last in the UK. Question:1 I have an HSBC Premier account. They opened the UK account for me from HK. Will that carry over any history of…
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Can change of last name impact credit rating?
Please can you advise with the question as I have asked earlier but never got feedbacks. This question is related to a couple. A man has good credit rating but the spouse does not have a very good credit rating. Now married and the wife now needs to change her last name to the family name (i.e. taking up the husband's last…
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Upgrading current account
I have been on a "Basic" account for 5 years but my credit report is much better now going from 1/5 to 4/5! :j So I am going to my bank this week and ask them to upgrade it to a normal current account. I have no real need to upgrade but my Basic card only allows me to use Natwest/Tesco cashpoints which can be challenging…
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Electoral roll
For some reason I keep having credit either declined or referred in regards to mortgage applicatons. I have access to my credit file and only have 1 late payment in 6 years. Only thing I can think of is that I by my own error forgot to fill in the census so ended up coming off the electoral roll for around 6 weeks do you…
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Defaults
HI Guys just a quick question what exactly is classed as a default? Back in december 2007 i had a 5 status on my credit file for a home shopping catalogue. The following month it went back to green then closed the account as settled. would this be classed as a default
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confused again - Experian/MM Finance
Hi sorry to put another post up, but I'm hoping someone experienced can help! Perhaps even the experian man as I've a query with my experian report. Checking it again today, and I don't know why I didn't notice this before. I had an entry on my file from Lending Stream for a balance of £9. Yes, £9! No default date although…
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Debt from +6 years ago
Hi, I have a bank that is chasing me for a debt I had with them over 6 years ago (more like 8) and have not heard from them until now. Trouble is they have located me at my new address and as this debt is over 6 years ago am I in a position to refuse to pay? How does it work? I am worried the debt is going to put bad…
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Closing current accounts to improve file?
Hi I have a bunch of current accounts that I use as savings accounts. In general, would it improve my credit file if these were closed/settled? If so, how long after closing them would it be reflected in the credit file? Day/Days/Week/Month? Thanks
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How Do Unused Credit Cards Effect Credit Ratings?
Hello, Long-time visitor; first-time poster. I have a good credit rating. I have one cashback credit card that I use for day-to-day purchases which is paid off every month and one 0% credit card which I only ever pay the minimum on and transfer when the 0% is up; this balance never gets added to (with the exception of…
