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Hutchinson 3 UK Default: Wont take my money!
I have 2 defaults on my credit record from Hutchinson 3 UK which i am having massive difficulties resolving. On Experian they both have an outstanding balance. I have called 3 who have stated that there is no outstanding balance, but that it has been written off as "bad debt". Apparently it went to a DCAicon May 2017, who…
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Clearing credit card effect on credit rating
Afternoon I have just consolidated large credit cards debts, so paid off £50k across 5 cards. Credit limits are: Card 1 £11000 Card 2 £6000 Card 3 £10700 Card 4 £16400 Card 5 £16500 So around £60000 worth of credit. I left a few hundred pounds on each card just to cover any left interest / planned minimum payments. My…
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Executor account - will it effect credit rating?
Hey guys, could really do with your advice here! I know having a joint account links your credit files together, does an executor account (for dealing with a will) do the same? I'm being asked to create one with someone who I know will have a have a poor credit rating (I know has been bankrupt, lives on the edge with this…
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Can I remove this search?
I had a hard search conducted on my profile a couple of weeks ago as I was going to pay my insurance monthly. I didn't sign the credit agreement and I decided against paying it monthly and paid it in full. I never did take out the credit. Would it be possible for me to get that search removed from my file? If so, how would…
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Settled and satisfied debts
Hi guys, so I’ve done a bit of research into ‘satisfied and settled’ debts, I’m under the impression, settled is ‘settled without the debt being in default. Satisfied is settled for a smaller Ammount prior to a default. Now, my question is, how much do these really matter in terms of ‘Lenders declining/accepting’, I’m…
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Should I apply for more credit to increase utilisation ratio?
I’ve a decent credit score and pretty high in all areas except for utilisation. I didn’t like the idea of high potential debt against be so I asked my CC company reduce my limit by half. This move my utilisation from approx 40% to 80%. Despite my overall lending being reduced my score has reduced. Now I don’t know if I…
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Incorrectly Added Default?
Hi - hoping for some advice! Sorry in advance for the long post - wanted to add as much details as possible. In August 2016 I got a new job (which I got paid on the last day of the month as opposed to the 25th with my previous company) and also moved property - I updated my details and direct debits with Nationwide in…
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Issues with Idem and Credit Score
Hi, can anyone please help clarify the law/rules regarding credit score, please? I was terribly in arrears with a secured loan from Idem due to a messy drawn-out divorce - however, when they started court proceedings I managed to pay off all the arrears, all the court fees and now since October 2017 have been paying above…
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Credit score gone down a lot for no particular reason?
Hi, I’ve been keeping an eye on my credit score on ClearScore over the past few months, and from May to June my score went from 464 to 360? I have moved house (paying off the mortgage and into a rental property), and taken out a new PCP deal on a car, but I didn’t think it would drop that much? The ClearScore app still…
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Non-registered address on MSE credit club
I have 8 'unregistered addresses' in the electoral roll register section of my MSE credit club profile which I don't recognise. I am already showing as registered at my current address, but below these 8 unregistered addresses are showing (all local to my home). For each of them there isn't a name or time period of…
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Advice on a default
Hi, I'm looking for some advice on a regrettable issue! I was silly with a credit account in my early 20s and let the account default. I've compounded that silliness in recent years by ignoring it, but am trying to sort it now. The default is with a debt collector and shows on my credit account from October 2013, but I've…
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Worth removing a CCJ
Just wondering if anyone can advise me on the following issue. I'm hoping to get a mortgage as a first time buyer soon but my credit rating seems low due to a CCJ (668 on experian, 500 on checkfile). Other than that I always pay my credit card on time, I earn more than I spend and have good history with…
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Please help merged credit file!
Hi all new to the forum, I'm hoping someone could help me with my problem, the problem I have is, I have the exact same name and dob as another person in my city in Glasgow apart from our middle names. I have his address linked to my name and it has defaults on this address, I've had to spend alot of time getting some…
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Improving credit file as EU citizen
Hello, This is my first post here, I hope I'm in the correct place. I'm a EU citizen living in UK, I moved here 2016 so coming up to 2 years now. I'm planning to apply for neutralization at some point, but won't be for the next few years. I live together with my (British) partner in a house that he has mortgage for. The…
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My credit file - and when it’s safe to apply for credit
Hey guys, so I’m now at the very lowest part of my debt, almost all paid off, have around £180 left, my credit file is starting to increase dramatically , but still have those unwanted defaults dating back to 2015 in some cases. My question is, when will it be safe after next month (when my whole debt is cleared) to apply…
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Am I self-employed or employed?
Hello, So I have a little, but potentially quite a unique little problem. I am considering applying for finance on a piece of audio equipment. No particular reason other than its interest free. I could pay for it all now, but..... why? They want to know my employment status. Am I employed or self employed? My employment…
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NOC vs Customer Account Explanation
Hi, I'm aware that by adding an NOC to a credit report, a credit check will be flagged for manual evaluation, given there is a free text element. My partner's Equifax credit report shows a default for one account in Dec 2013, with the status updated to settled in Jan 2014. There is a "Customer Account Update" at the…
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Credit rating poor due to fraud
So a £3000 loan was taken out fraudulently in my name back in October. I’ve contacted barclaycafd partner finance 3 times about this and they haven’t sent me the correct forms to fill in. They then get a debt collector Onto me so I have given the the debt collector a crime reference number. I’ve now seen that my credit…
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Default Date - Can the original date be updated?
Hi, Without going into detail, I have debt with lending stream going back to 2010. I defaulted on the account in November 2012, therefore should have the default removed November this year (as it would have been 6 years). They've sold the debt on however to PRA Group and they have recently sent me a default letter for this…
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Late Payments
Now that I am out of my DMP I've been checking my credit report constantly and updating where I can to see things showing as settled/satisfied. I've signed up to all of the free ones and I was having a check of them today and noticed one of my accounts. I had a loan with a credit union that was included within my DMP. It…