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Unused Credit Cards
I have three credit card accounts, one I use and pay off every month and two that are unused. If I close the unused credit card accounts, will it improve my credit rating or does it make no difference? Many thanks
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Barclaycard ruined my credit score
Hi, OK ruined is harsh but hoping for some advice, I have a credit card with Barclaycard which I set up accidental death policy through the card when they cold-called and sold it to me around 3 years ago. This payment is only 2.99 a month and I have my card set for direct debit. I completely paid off my balance last…
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Various questions re credit report
Hi all My partner has 3 defaults on their credit report which are now all settled. We are financially linked as we live together and have a savings account. How will this affect me if I or as a couple we look to get a mortgage in about 3 years time? I currently have a mortgage on my own. What does 'unknown' mean on a…
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MSE does not recognize me when do soft search
The following message was posted 10 years ago but never got a response. Just tried again today to do a soft search as I want to shift a credit card to a zero interest card but told there is an error "Im trying to shop around and do soft searches on my eligibility to get best deal on 0% balance transfers for credit cards. 3…
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Will acting as an indemnifier affect my credit score?
Hello, I'm hoping to buy a new car though my company on a PCP plan. The finance company have asked me to act as indemnifier. I'm shortly applying for a new mortgage and I don't want anything to affect the amount I can borrow, does anyone know if this will show up on a credit check? Thanks MM
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Credit rating and credit card allowance
I have a credit card related question (I know, I know). I have credit card and the amount they will let me spend has extended from £2000 to £7000 (over about 5 years). My question is would the extensions given by a credit card reduce your potential borrowing in relation to credit scoring, etc? I actually have a very good…
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CCJ on Statute Barred Debt
Hi All My friend has been given a ccj and told the baliffs will be calling on 20th March The debt was statue barred. She was unaware of this at the time they sent court papers asking her to detail incomings and outgoings She replied to these a couple of months back and stated her financial situation. On Friday she received…
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Npower, Experian and the Ombudsman
Hi, After some advice - Npower hammered my Experian credit file last year and as a result, I took them to the Ombudsman. The issue was around a final bill, which was sent to a 3rd party without my knowledge and luckily, I checked my file and saw it Not wishing to go into detail with that, but fully paid it in Sept 2016,…
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Trying to build credit rating but score went down?
Hello, I am trying to build my credit rating. I have a charging order that is due to be removed 2019 so am trying to build the rating to coincide with then. I got an aqua card, and was given the max limit of £1200. I since got an email from my credit reference account to say my rating had gone down 15 points. I don't get…
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Existing energy supplier credit check?
Hi, we're in the process of looking for a new house and our current electricity tariff is due to expire later this month. We have our decision in principle from around a month ago, but are yet to find anything suitable or have any offers on our current place. We aren't doing anything that could possible affect the mortgage…
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Next steps to improve rating
Hoping to get my first mortgage in the next year or so but worried I'm not doing enough to have a solid credit rating ready. - I have only one credit card with a limit of £700. I pay it off every month and often owing no more than £100. Some months no balance at all. - Have no finance arrangements other than mobile…
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SWINTON refuse contents insurance due to CCJ
Hi, I hope I am posting in the right place, I have insured my contents with Swinton for years trouble free, this morning I got a letter saying my policy had cancelled, I called them confused having never had any issues before and was told there was no reason why it had cancelled showing on their system, I asked for it to…
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Regularly check Crediva and National Hunter?
As often recommended, I am now regularly checking the big three credit reference agencies (ExperIan, Equifax and Callcredit) using the free services (MSE Credit Club/ExperIan Credit Matcher, ClearScore and Noddle). I primarily check the accuracy of the files' contents but also enjoy the entertaining and interesting hobby…
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Whats the best way to improve my 19 year old son credit rating.
Hi guys. My 20 year old son is an avid saver and has saved about £2500 toward the cost of a deposit for a 15 plate car that costs about £15000. He needs to improve his credit rating. He has no debt, but has a mobile phone contract, gym membership and he is on the electoral register and eligible to vote. All of which (I…
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Help with CCJ
Firstly, Hi guys. I'm new here. In the interest of trying to sort out my credit rating as I plan on starting up a business I have signed up to Noddle. After going through the website and finding out I had a really bad score :( I also discovered this: County Court Judgment: Active Amount: 1,107 C. Name: Northampton Ccbc…
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When should a DRO disappear from my credit report?
Hi, Due to my circumstances in the past, I had to file for a Debt Relief Order. I have recently been in touch with the insolvency agency to confirm when my DRO was made/completed (cannot remember) because me and my partner wish to get on the property ladder. After googling for days, I cannot get a straight forward answer.…
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Which debt to clear
Hi For a number of years I have been paying off interest after interest but very little if any capital against credit card debt on 5 cards. Although I also have a personal unsecured loan which has been reducing as the mechanism pays off both interest and capital at the same time. I have been gifted half of what I owe, to…
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Default
The problem I have is that I had taken a loan out from Lloyds TSB and yes I had fell into financial difficulty and then made arrangements’ to pay this off with a debt management company. Now I have received a letter stating that this had been paid off and that the account had been settled. Now from my understanding if a…
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Confused about default removal
Six years ago today my house was repossessed. It was the last in a long line of financial problems. Since then, I have worked extremely hard to sort out my finances and everything is now sorted out. Today should be the day that my mortgage default is finally removed from my credit file which will give me a completely clean…
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What should appear on my credit report.
Hi, some advice if I can. I have signed up to the Credit Club and viewed my experian report, the problem I have is that there is a lot of accounts on there that are not mine. They belong to my wife and although we do have a joint bank account so a financial association, i dont believe all of her accounts should appear on…
