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Car Insurance - Pay in full or ?
I'm in the position that I'm able to pay for next years car insurance in full, but as I'm actively trying to improve my credit and look better to the banks when I apply for a mortgage in the coming years, should i look to pay it off monthly instead? Would cost an extra £40 to do it monthly, but might be worth it if it…
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ARC Europe debt chasing
I'm being chased for a debt by ARC Europe for gym membership. I am disputing the claim because the gym did not fulfil its promises - so many things wrong with it. Has anyone had any experience of dealing with them? They have sent two threatening letters saying they'll take me to court. thanks
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how can i improve credit but cant get any credit
hi i would be very grateful for some advice - i am just sorting out my life since having house repossessed, loosing job/career and going bankrupt in 2011 - i cant get a credit card because of the default from hsbc bank they haven't amended the default because they haven't received the BR discharge summary - i have just…
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credit rating question
Hi I had about 16 credit accounts listed against my credit score. I have cleared 6 of them off and removed 2 credit cards one for vanquis £1000 limit - paid off in full and account closed and one for capital one £250 paid off in full and account closed. I also closed my other store cards and accounts all paid in full. very…
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Credit limit reduction. A mistake?
Hi everyone, A friend of mine recently advised me that I should reduce the credit limit on my card from £15,000 to £2000 as its not good to have lots of available credit (I use this card to pay off my Netflix account on a monthly basis and nothing else). Having done that, it would appear that he was wrong from having…
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Credit score fail
Hello, I've just tried getting a mobile contract through carphonewarehouse with EE. My application failed because I failed the credit score check which I found extremely unorthodox. I won't get into my personal circumstances in full but suffice to say that I've never defaulted on multiple credit cards and/or contracts I've…
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Credit Card debts w/o due to ill health
Due to a serious scuba diving accident in 2010 which left me unable to work and with my medical history being proven to the credit card companies they finally w/o all my debts with letters confirming this . However my credit rating still shows defaults will these always show or will after 7 years will they disappear?
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Electoral roll issue
Hello I've recently started trying to improve my credit rating as I would like to apply for a mortgage in a few years time. I've been living at the same address for 10 years now. When I first moved in I was registered on the Electoral Roll for the first year then have been 'unregistered' since then (primarily because I…
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Too late to stop late payment marker?
Hi All, So I have got myself into a slight pickle when closing an energy account. I switched provider from sainsbury's energy back in October last year and received a final bill in November. I stupidly assumed that the final direct debit had gone out of my account and all was settled. Little to my knowledge there had been…
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Current Accounts Affecting Credit Score?
Good Evening, I am coming to the end of a fixed term with a bank for my current account (with linked savings) and credit card. I want to open (lots) of new accounts to get my money into the places where it will earn the most interest. I am just a little concerned that I will be doing lots of searches on my credit file,…
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6 year mark nearly there!
its been a long time! I had an overdraft of £500 , CC of 2.8k and a loan of 16k that the bank no longer have interest in. in 2 months its the 6th year mark for when the bank loan should be cleared from my credit file, once this is cleared how long will I have to wait before I can then start applying the such things like 0%…
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Same name and date of birth
Two seperate financial institutions have contacted me in error in relation to another persons debt. I have the same name and date of birth as someone who is apparently no longer contactable at their Liverpool address. How can I stop this and ensure my credit rating is unaffected?
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CRAs world is so much fun
Taking a look at the Principles of Reciprocity (http://www.scoronline.co.uk/sites/default/files/PoR%20Version%2037.pdf)...
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Confused (but delighted!!) about my credit score!!
Hi all, I've just checked my credit score and report and I was absolutely delighted but totally baffled by the fact that it said I had an amazingly high score and would be likely to get any credit I wanted! :rotfl: What confused me is that I have over £10,000 worth of debt on old credit cards, a loan and an overdraft which…
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Will Sky error ruin my house purchase?
In a nutshell. I left a property in February and spoke to Sky and was told the balance of the account was zero. After this a cancellation fee was applied to the account. I was unaware of this and Sky have only communicated this in writing to the old address I no longer live at I only made aware of the balance when I got an…
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Reviving my credit score
Hi I'm new to MSE forums but just wanted to ask a couple of questions :) Got into a bit of a pickle when I turned 18; got declined for a phone contract so went to my bank to explain how it works and what I could do.. Ended up walking out with a Barclay card and £300 overdraft (in my eyes free money - naive I know). As you…
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Family member transferring balance \ re-Mortgage application
Hi I have around £20k of debts on cards and £80k interest only mortgage which runs out in September (house is worth around £150k). The new mortgage will be repayment. A family member is happy to take out a 0% credit card and transfer some of my money from my credit cards to that. I plan on paying them monthly in cash for…
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Help for mum
My mum took out a student loan in 1997/1998 she has never made any payment because she never met the threshold and still does not. She turns 60 in august this year and wants to know if the loan can be written off, its now 6k. She has had no deferment pack as yet this year and is worried about getting into arrears. Erudio…
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Dispute ruined credit - can I fix it?
Hi Believe it or not this is a summary; the whole thing is very convoluted. Tl;dr at bottom. When I was at university I had a rolling monthly SIM-only contract. I lost my phone and called Vodafone to cancel the SIM card completely because I was buying a 2 year phone contract to replace my missing phone. They confirmed…
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Default incorrectly on credit file
Hello, newbie question so apologies if it's been covered previously. Wonder if someone can advise the best form of action? In January 16 I noticed a linked address I didn't recognise listed on my Equifax credit file for a contract with O2 taken out in August 2015. I contacted Equifax who said the data was entered correctly…