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Improving credit rating
Hi everyone, I am trying to improve my credit rating so we can eventually get a mortgage. I have a next account that I pay the minimum amount on every month. I also have a credit card that i pay the minimum payment on, so my question is should I pay this credit card off and close it or pay it and spend on it and pay it off…
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Credit Help
as soon as my wife (separated not divorced yet) moved her boyfriend in to our marital home and then promptly got pregnant by him I stopped paying the mortgage. She said that she would come up with a plan to pay the mortgage that is in both of our names. She claims to have submitted a payment solution to the provider months…
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Settled with GPB but EE saying I still owe? Please help
Hey Forumites, looking for some advice please, I had a mobile contract some years ago with EE (formerly t-mobile) which went into default. I couldn't pay the debt at the time and it was passed onto a solicitors. I then came to an agreement with the solicitors to pay a settlement fee which was £100 less than the actual…
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Default Advice
Hi Foolishly my girlfriend just prior to splitting with her ex agreed to take out a mobile phone contract in her name for him. However, he paid all bills on the dot and it was never an issue. The contract ended in May/Jun 2013. In December 2012 and in anticipation of any issues the GF updated O2 with her new address and…
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Shout Credit Card
Just a quick query about Shout - received an email from them today to say that as of 15th September my account will be closed and they have suspended my card following a review. Anyone any suggestions why this would be? I only use it once a month and pay it off in full so they have never made a penny from me. Was only…
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closed credit card account affecting rating?
I have a credit card account that was closed a couple of years ago by the company (Monument). I have been paying it off and have very nearly done so - another 4 months and I will have a nil balance. My question is as the account is closed but I am still paying it off will this have a negative effect on my credit rating? I…
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Council tax and insolvency record on credit file?
Hello, I recently checked my credit report to find I have a discharged insolvency record on it. Freaked out I noticed it was for my local sheriffs court. So I gave them a phone to ask what it was and how much for and they said it was for £4000 and it was taken to court by my council for council tax arrears. He then told me…
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Car insurance
Hi all, Can anyone tell me if paying for car insurance on monthly instalments appear on your credit report? I've just paid my last payment to my provider and have never missed a payment. Thanks for reading :money:
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DCA new default date but no communication
Hello all, first a bit of background. I got into a lot of debt as a student and entered into a DMP in 2005-2008 as I couldn't make monthly repayments. The last contact I had with any of my creditors was possibly in December 2008. After this date, a lot of defaults appeared on my file and some have now disappeared. The only…
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Housemate had letter from courts
Im looking to move soon, so a larger mortgage etc, and yesterday my long term housemate (renting a room from me for a couple of years) had a letter from a court chasing them for £7k from an old loan from over 6 or 7 years ago, dont know how the court or lender knew they were at my address (dont really care to be honest),…
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Defaulted twice for the same debt
A bit of a long one here I'm afraid. In 2004 my marriage broke down as did the finances. He went bankrupt I tried to muddle through and make payments however small. Everything ended up with CCCS, now Step change. Obviously ( or not kW it would seem) I defaulted on everything. Time marches on and in March this year all…
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Have Capquest Wrongly put default on my file?
Hi, i'm new to the forum but i've been trying to sort out a couple of defaults on my credit file and i got some valuable info from this site that i found really helpful, but now i'm confused about the response i got from Capquest when i sent them a Consumer Credit Act 1974 request. I copied a template and changed it into…
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Making an offer to lenders to remove defaults
I currently own a house with my ex-partner. I have 8 defaults on my credit file and roughly £55,000 worth of debt (this was from a company administration and the majority of the money was money invested in the company that I guaranteed). I have been paying a token payment of £2 to each lender for over 2 years and I suspect…
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Payday loan default query
In 2012 I foolishly took out a £500 payday loan in order to help a relative. Suffice it to say, as the payment date loomed it became clear that the necessary funds would not be available, and I immediately contacted the company to arrange a repayment plan. The company agreed to the sum being paid in five monthly…
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Not sure where to start?
Hi everyone after around 12 months of viewing this forum whilst attempting to become debt free (It has been a very big help) I have reached a stage where I am 17 weeks from becoming debt and I amnow thinking about the futher future, as after everything is completely paid off I will be saving for a deposit which should only…
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Experian Credit File Defaults Question
One of my companies went into administration in 2012. This left me with a lot of debt which I couldn't even afford a Debt Repayment Program for. I have 8 defaults on the account, 3 of which froze in 2012 and don’t show any further activity and 5 which show 8 for every month since then. For all 8 I'm making a token payment…
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Bad Credit Advice – Credit Reference Agencies
Credit Reporting **Disclaimer – this information is based on own experiences and is correct as of 12/07/2014** I’m sure you will be aware that credit account information will be recorded on your credit file for 6 years from the date the account was settled/closed or defaulted. However, the reporting of the payment history…
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Getting a Mortgage - 1 good credit rating - 1 bad
My partner and I own our house but I'm not on the mortgage as she owned the house before I moved in, she has lived there for 12 years and I for 6yrs, the house was brought for 91k and is now worth around 116k-120k. My partner has a great job which pays 50k a year and I 20k per year so moving house should be easy right?…
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Unneeded credit accounts with online retailers?
I have a few credit accounts with online retailers that I was "forced" into opening when ordering products from their site. Is there any benefit of trying to get these credit accounts closed as I never use them as I just pay in full? Thanks
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Satisfied or partially satisfied?
I recently received a response from a Debt Collection Agency in regards to negotiating clearing the default in my credit file in return for full payment for the debt. Unsurprising, no luck but it was worth a shot. In their response they gave me the option of clearing the balance and changing the status of the credit entry…
