-
Cleared Balance on 5+ Credit Accounts.. Close them??
Hi all, I was rather silly for the last 10+ years and continued to spend beyond my means. Bouncing a large debt around between various cards/loans in order to "manage" it. The interest on such an arrangement was stupid, and it would have taken me upwards of 10-15 years to clear the balance. I've recently come into a…
-
Car Loan
Hi, I am looking to apply for a car loan, heres the problem... My credit score is higher on Experian than it is on Equifax, I have 2 defaulted accounts one that was settled years ago and one that was just defaulted last may. Clearly the new default has not shown on Experian which explains the higher score. Doing a soft…
-
Credit score MSE
My score updates on the 24th of the month, next update due on the 24th may yet 2 days later it still hasn't been updated. Anyone having the same problem?
-
credit card vs hp
I have a question that I need answering. I currently have a hp agreement with snap on tools that I owe £2000 too. I pay £150 a month I can clear or make part payments at anytime. I am trying to get a mortgage but they don't like this hp agreement. so my question is am I better off clearing it onto my credit card that has…
-
Does lowering existing credit card limits help my score?
I have a couple of credit cards - one for my day-to-day spending (that gets cleared monthly) and two at 0% that I'm using to clear some debt. The 0% period is coming to an end on one of the cards shortly - so I'd like to move what's left on it to another 0% card. My question is: should I reduce the credit limit on my other…
-
refused mortgage due to credit file
Hi there, wonder if anyone can offer some advise. My husband & I are trying to buy a house, we only have a 5% deposit but were given a mortgage in principle, had our offer accepted, started to get really excited! Then yesterday Santander refused our mortgage application. I checked my credit file and my score is fair but…
-
Best approach to rebuild partners credit?
Hi, Fairly long time lurker making first post here, please be gentle! Apologies upfront if this isn't the right location to ask this question, it looks the most sensible place to me, please advise if I am wrong. My partner and I have not always been terribly money savvy, we have had lots of debt for quite a long time, and…
-
Payment dates on file incorrect
Hi everyone, I hope someone here can advise me on a predicament I have. I am defending a CCJ on a Stature Barred basis. The last payment I made was through CCCS/Stepchange in 2009 for which I have a statement that confirms this from them. However on my old credit report date 2012 the payments show up in the 13/24 months…
-
Reform of credit ratings and records
Does anybody else feel that the current system of heavy reliance on CRA is out-dated and could actually be stifling the economy? I currently have an excellent rating but I do believe that it's very unfair to keep defaults and ccjs on people's files for a period of 6 years. When and why did they arrive at that time period?…
-
Missed DD payment due to bank switch
Hi, I have recently switched my current account to Santander, having opened the account on 3rd May and had the switch completed by the 11th May. I have now had an issue of a missed direct debit payment for laser eye surgery I have been gradually paying off. The DD is supposed to come out of my account on the 14th May but I…
-
Current account not appearing on credit report...??
My credits reports currently have no normal banking information on them (only credit cards and things bought on finance at the moment) Is it my bank's responsibility to report my regular banking information to the credit agencies (expeiran, Equifax, etc.) or do the credit agencies seek that information out themselves? If…
-
We're buying flat but occupier cannot get a rental due to CCJ
Hi all We're in the process of downsizing and buying a flat. Found the ideal place, made an offer which was accepted but then the seller found there was a CCJ against them. This has now been paid and they have paperwork to show this but they are unable to rent any property. They've offered to pay 18 months advance but…
-
Ebay and credit rating
I have an issue with Ebay over an unpaid in contention. Do you know if an Ebay debt affects credit rating?
-
Excellent Equifax Poor Experian
How can I be excellent on equifax but in the bottom of the poor section on experian?! And somewhere in between on Noddle/call credit. Can i appeal to Experian to review my score in light of my score being so much higher on equifax? Both reports and scores obtained yesterday and nothing is going against me except I've had 3…
-
Loan from parents....will this appear on my Credit File?
Hello All, To keep this brief....I'm looking at purchasing a property solely with a large loan from my parents. This loan will be made official & legally binding by listing the details (as a charge on the property) with the Land Registry. I was just wondering if this charge would appear on my Credit File...in the same way…
-
Credit Club - Failed Experian Identifcation Process! Grrrrrrr!
Anyone as exasperated as me trying to get back into the MSE Credit Club? I signed up for the Credit Club some time ago - back at the beginning of last year I think. I recently tried to login again and had to run the gauntlet of the Experian ID process. Because there have been some changes in circumstances - moved house,…
-
Nationwide Default from 7 Years ago
I recently wrote to this useful forum regarding my credit rating being quite bad. On the one hand I understand that credit scores bare no relevance. I was made redundant several years ago and I admit that I could no longer pay loans etc. I always paid my mortgage which I managed to keep up. Lucky for me I managed to get a…
-
EQUIFAX not updated for 5 years!
Hi there I have had a mortgage application put in by an advisor this morning and the lender he approached declined an AIP as I failed a credit check. Never had issues with credit, have had finance, HP, loan and credit cards, all good etc and all now pretty much settled. The lender was Bank of Ireland who I beleive use…
-
Voting in the General election Vs Credit report
Hi everyone, I am hoping somebody might be help me out with a decision about voting and credit ratings. Some background: I am registered to vote at my dad's address in Hertfordshire (a comparatively affluent area, don't know if this makes a difference), which is where all my banking is registered to and has been for many…
-
Arrangement to pay - impact on credit file
so - I am just about to get 4 defaults removed from my credit file and all my debts were paid off since 2015. However, I noticed that Barclaycard and NRAM have not defaulted me but put arrangement to pay on my file from 2011 to 2014. Is this right? Can I contest this? According to information on Experian the arrangement to…
