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Does Ikea credit damage credit rating
Hi, we’re about to buy a new sofa from Ikea. We have an excellent credit rating and not had any new credit for six months when I took out a new card. We’d like to take advantage of the 0% interest and stooze but my husband thinks this kind of borrowing would damage our rating. Is this true?
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Mortgage application and bed credit
Hi looking for some advice on a complicated situation! Myself and husband are currently renting but hope to buy a home next year, the problem we have is that his name has been on a mortgage for the past 5 years with his ex partner. When he left, the understanding was that she would get the mortgage transferred into her own…
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Sudden drop in credit score..
Hi, I am regurarly monitoring my credit file; about average score on both Experian and Callcredit. I have three credit cards and two current account overdraft facilities, and no adverse notes on the credit file, i.e. no public judgements or any late payments. Last week I had a) one hard search credit card application, b)…
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Effect of overdraft on credit file??
How much and what effect does having an overdraft have on your credit file? Is there any preference in paying an overdraft off or paying a credit card balance down in terms of the effect on your credit file?
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MSE Credit Club addresses in wrong order
I've just noticed the information on the Experian report in the MSE credit club is wrong compared to what is actually in my settings on the CC. I have my addresses set up correctly so current address is where I'm living, previous address 1 is my last house etc, but when I go in to the experian report and then in to…
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Have you ever had to borrow money to get to the end of the month just to pay for essentials?
Like food, gas or electricity bills or even the mortgage? What tips would you give to someone in that situation? #TalkMoney This thread is part of a Hub post aimed at helping people new to personal finance start a conversation on it. It’s aimed at newbies, so please be patient with anyone posting on here. We’re verified…
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Should I close some accounts to help credit ratings?
Im always wanting the best 0% deals for transfer. I have over £42k of available credit, whilst onlty using £7k of it. So, my ratio is 'positive' in that ive got £35k available credit but could this be going AGAINST me? Some ar eopen because they have high credit limits ie. Amex £7500 Vanquis £9000 Aqua £11000 but they…
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Credit Score Impact
Hi, I have a question about how big an impact (if any) closing a mature current account with a £1000 overdraft (which I'm comfortably out of) would have on my credit rating? Background: I've recently graduated from university and now have a decent full time job. I've been with RBS for over 10 years (parents set up my…
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Getting Credit Cards back under control
Following a difficult couple of years of over exposure I am now in a position to start to try to get my debts under control. I owe about £35k across 7 cards, including some "offer friendly" ones such as barclaycard, BoS, Lloyds, MBNA and Halifax. All pretty much maxed out for the past 12 months, and mostly now on high 25%…
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Default question
Hi all, Thanks for taking the time to read my post. To get to the point the question is: Does a default show as a fresh default on your account every month until your account is settled? The reason I ask is, I was under the impression the default was 6 years from the start of the default. However, it appears looking at my…
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Credit file wrong. Please help.
Hello, I checked my credit report with check my file .com and it said experian came up saying I have a ccj but when I looked into it more it's actually my dad's ccj at the same address, it's made my score very poor so does any one have any suggestions on how to get it taken off? Thanks
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Aqua/NewDay not showing on file?
Hello all, So about 18 months ago I ended up in hospital (was self employed) and after couldn't work for a few months. I defaulted on my Natwest Credit Card and finance from Barclaycard but settled both a month after (was so poorly I didn't even open my mail etc) and they were both cleared. Anyhow, before then my credit…
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can creditor re-start reporting to CRA ?
mortage defaulted many years ago and the default dropped off the CRA about 2 years ago mortgage is still live and in use mortgage co now say they will start recording with agency again is that allowed following the previous default and expiry ? any advice welcome
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Vodafone and incorrect credit file entry
Hello, some advice if you wouldn't mind please. Last year I elected not to renew my Vodafone mobile contract, I rang gave the required notice and after the last DD payment cancelled the instruction. I thought nothing further until I applied for a mortgage with a tight product expiry deadline to find Vodafone had registered…
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Non payment of unsecured debts
Hi Guys, I hope everyone is doing well. Basically I am in a tricky situation, I have just noticed a cifas register against my name from a car finance provider I applied for in december 2017. I haven't been able to get this removed and I have given up hope. What I have read up is that this will stay on my credit file for 6…
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Credit Report Failed
I've logged in to my account on the MSE Credit Club and every time I click on the Credit Report tab I get a 'Credit Report Failed' 'There seems to be a problem getting your Experian Credit Report. Please try again later.' message. Does anyone have any experience of this and how to fix it?
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Will mortgage application affect my credit score?
Hi all, I have an excellent credit score and just received a mortgage offer. However, it looks as though I may not proceed with the house purchase (too many issues to list). It might take me another few months to find another house so I would have to start a new application once I do. Will the fact that I've had a recent…
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Sky TV
Does anyone know if sky tv report slightly late payments to the CRA’s? It’s nit clear in T&c’s
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Young First Time Buyer - should I get a Credit Card?
I am 22 and have just left university. I have been saving for nearly a year into a Lifetime ISA along with my girlfriend and am looking to get our first house together in the next year. We have saved up enough for a good deposit but sites such as ClearScore have us rated as average credit score. We have never borrowed…
