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Clearing debt to improve credit score
Hi I have £1500 of debt which is filed on Experian as defaulted accounts, if I were to pay these off would my credit score improve instantly or would I need to wait until the "6 years" is up? Thanks all, trying to improve my credit score.
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Cancelled direct debit too early
I have a rolling monthly gym membership which I cancelled today, asking that my final month be September i.e. final payment 1st September (tomorrow), with gym access until the end of the month. The gym replied confirming that was fine and said I just need to cancel the direct debit to complete the cancellation. I've got a…
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When will my dfaulted debt be wiped from my credit file
I have a debt which was I defaulted on in Jan 2014. Will that debt be wiped off 6 years from that date? So it will be wiped off on Jan 2020? Or is it only wiped form your file from the date the debt was actually paid off? So say I paid it today, it will take another 6 years to be wiped off? I live in England.
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Multiple accounts shown on Experian
I have recently obtained my first Experian credit check as I am trying to remember my mortgage providers and accounts (with a view to checking PPI). On my report for some lenders, rather than one account it shows 3 separate ones spanning a total of 9 months (i.e. one shown reported in August, one in the following January…
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'TSB customers should urgently check their credit scores'
Martin Lewis :money: and MoneySavingExpert.com urge TSB customers to 'urgently check their credit scores'. https://www.moneysavingexpert.com/news/banking/2018/08/tsb-customer-you-may-need-to-check-your-credit-file-is-up-to-date: Credit scores do affect punters ability to borrow money. Martin Lewis :money: and…
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Cashplus card with Creditbuilder
I am trying to improve my credit file and on the Clear-score website offers there is the cash-plus prepay mastercard offered with credit-builder to specifically help you improve your score. It costs £5.95 per month to run this card but I thought it would be worth it to improve my rating. I signed up, paid my £5.95 and…
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Old debt
So back in the late 90s early 00s I had a bank acc and loan with Abbey National, the acc went overdrawn by about £600 and I defaulted on the loan when I still owed about £700. I ended up in some financial difficulty which resulted in me going into a debt management. Unfortunately on checking it turns out Abbey National for…
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When to re apply after being refused credit
Hi everyone, Last month I applied for a loan with my current lender (Sainsbury's) I wanted more money to pay that existing loan off and put my CC into an new loan with them, I was refused and turned down. my credit scored is ok 3/5 Noodle Report says my question is how long should I leave it before I apply again? I was…
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Advice before I go in to branch to dispute a discrepancy
Up until 2014 I had been paying off various debts through a debt management company. In August of 2014 I was completely debt free, however I still continued to receive letters from Lloyd's stating that I owed them money. The debt management company said that I could contact them at any time when I had been declared debt…
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Can't get a default removed
Massive long story short, Lloyds bank incorrectly listed a default on my file. Admitted the fault, compensated me and had it removed. Fast forward to this June, default reappears. Contact bank again, readmits liability, compensates and says will remove default. Default still on file....phone up bank, they say it's been…
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Incorrect credit file entries
Hello! Long story short I was under a DMP till recently, i am in the middle of trying to repair my credit file not that it will help me in anyway but moreso for my own peace of mind that ive done everything i can. Anyway, I checked my credit report and noted that marbles and aqua were still on my file, they had placed…
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Defaulted debt dumped on my credit report for second time
In September last year I had a debt collector looking for a someone who had the same name as me who lived in Glasgow. I confirmed with debtors it was not me and they did checks and said it was not me. In December I went to buy a mattress and got declined. I looked at my credit report and the defaulted debt had been added…
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Missing credit cards
Hey! I'm currently on a DMP to get myself back in order. I've just had a look on Experian and it's only showing one credit card and one mail order account. I've got 3 or 4 credit cards and three catalog accounts, where could the other accounts be and why aren't they on the report? Thanks in advance!
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Which of my two addresses to use?
Hi, advanced thanks to anyone who takes time to read/reply. I moved from my parents about 4/5 years ago but due to laziness and not knowing how long i'd be there I never bothered updating my addresses for any banks or cards apart from one. For this reason I seem to have two different credit scores that are not linked. Is…
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How do I build my business credit
I have recently incorporated a company and would like to build the company's credit. Can anyone give any advice on how to do this? As the company has been active less than one month what would be the best method to do this. Please do not advise to use services like Cashplus, as I have had very bad experiences with them in…
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Is this how my credit file should look?
Hello, I’m post DRO - ended beginning of August. Does this look correct for how my report should look? LENDERTsb Current Account BALANCE£ 3,670 UPDATED31/05/2018 STATUSDefault Account type Current Account Account number **************xxxx x Account start date 01/03/2012 Repayment frequency Monthly Date of default…
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identity stolen help please
Hello,my friend identity is stolen and someone else opened 2 credit cards in his name in past few months ,the last one came by post few days ago saying he own £1700 and need to pay Vanquis credit card back,he went to CAB but they told him we cant help u.... so what option he has now?where should he go?he lives in Edinburgh…
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My Current Status - Your Thoughts
Hi, Hope you are well. Some may have seen my thread in the mortgage section about selling my house and buying another etc. But I wanted to get advice regarding my credit report specifically. Time to let the information do the talking: Defaults: HSBC: Current Balance: £1292 Default Date: 09/09/2012 Current Arrangement: £10…
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no accounts on my report
I am so confused, I joined Experian about a month ago, I used the free trial but paid this month for the report to check my debts were all settled after bankruptcy. last month my report showed my bankruptcy, debts and current account but when I got the report today it is showing that I have no active accounts, no debts and…
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Debt to income ratio too low
On the MSE Credit Club Affordability score area, it says: We’ve listed your debt ratio as ‘fair’. This is when you have less than 1% of the income you’ve told us you have as debt, or ... Because my landlord only accepts bank transfer or cash, I can't use a credit card to pay the rent. My monthly expenditure excluding the…
