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MSE Credit Club issues
Is the site working for everyone else? Mine's a bit outdated: Last updated: 04 Nov 2019 Next update due: 04 Dec 2019 And I haven't been able to access the report since a few weeks ago: Credit report failed There seems to be a problem getting your Experian Credit Report. Please try again later.
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Close the accounts or keep them open?
Over the last few years I got myself in some silly debt. Store cards, catalogues, high interest credit cards. It got a little out of hand as the interest rates were extremely high and with paying the minimum payments, it could take me over ten years to pay them off! Even more for one of the credit cards (aqua) I have taken…
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Klarna / Schuh
I ordered a pair of shoes from Schuh on Boxing day for £43. They offered the possibility of paying for it in instalments via Klarna, which I declined because I have absolutely no need to borrow such a small amount of money. I got an email today from Credit Karma saying my credit score had fallen by 4 points, and the only…
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Why is my affordability rating so low?
Having had excellent credit rating for the last 10 years, I was denied store credit recently. When I checked my credit profile on MSE, I found that my affordability score had changed to very low. My wife and I bring in £70k+ per year and we generally have well over a grand left over at the end of them month, after…
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Help with aqua/new day
Hi I am hoping someone can help me? I have a credit card for 6 years with aqua, gradually they increased my credit up to 5k I never missed a payment never went over my limit etc Just before new year they informed me that they had lowered my credit from 5k to just £250?! This has seriously made my credit score drop, upon…
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Impact of wages being paid into someone else's account?
Hi, hoping to pick the brains of someone who may know the answer to this. Will it devastate a person's credit rating if their wages were paid into a loved ones account and not their own? Obviously money will be sent over each month to cover the direct debits, so the account would still be active and bills would be getting…
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Company reports to credit file after bankruptcy
Hi everyone, I’ve been discharged from bankruptcy since may 2019. I have recently checked my credit file and can see that I have 3 defaults with the same company reported on my credit history. My question is this, the company is reporting I’m defaulting on TransUnion every month and that the 3 outstanding balances are…
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Credit score dropping month on month
I know credit scores aren't the end of the world, but mine seem to be dropping month on month since getting a mortgage last September. I have changed my address for all banks, utilities, electoral roll, etc. I have no loans, 1 credit card with no debt outstanding on it, no missed payments for anything and no overdraft use.…
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Credit File - Defaults, CCJ and Electoral Register
I have a few questions on my credit file that I would appreciate any help on. As a back story, I lost my wife at start of last year. Another victim of cancer - she was only 38 and it was so difficult to take. Until her diagnosis in Spring 2018, my credit file has never had any negative markers. Unfortunately. I lost all…
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When is a late payment recorded as late?
I had a credit card bill due on the 30th of December. I like to pay them off manually (ie not direct debit) as I feel this gives me more control of my budgeting. However, as it's Christmas and the new year period as it hectic, I missed the due date. I realised yesterday (two days later) and paid the balance as required. I…
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Do I use Property Sale Profit...?
Hi, Not sure where to start, but could do with some help/advice.... I have recently moved house and had some money through as profit from the sale of our previous house. This money is mainly set aside to do up the new house. Annoyingly, my previous balance transfer card has now passed the 0% stage so I am paying more in…
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Trouble building credit
Hi, I'm 32 and once had very good credit, I had issues in my life and things went downhill and I started to bury my head in the sand and unfortunately debt built up. I have since sorted my life and have repayed/in process of repaying the creditors. I would like to rebuild my credit just so I will have something to fall…
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Capital One (Fredricksons) and Lowell
I went into a DMP with Capital One (Fredricksons) end of 2012. This account was defaulted not long after. This account never got reported to any of the CRA's until Lowell took over from Fredricksons. Lowell's added 4 markers in 2017 2 DMP (UC) 1 OK then 1St. I want to get these removed as they will stay on my report until…
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Default due to bills I wasn’t aware of
My Mum failed to pay council tax bills from our previous address for a number of years, but as I was then on electoral roll I have now become liable. My mum never told me about these bills and they were sent to her via letter and she struggled to pay them. When she finally made me aware after bailiffs arrived at the house…
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Why do I need a Credit Card
Hi, Apparently to gain a good credit score I have been encouraged to get a credit card, but I find this a strange way to get a better credit score as to somone like me who was bankrupt over 10 years ago I was advised to never have one ever again as having a credit card before was what led me into a spiral of debt. Surely…
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Best way farward with increasing my credit worthiness?
Last year was pretty good for me with my finances. At the beginning of the year my ClearScore score was very low. This has improved quite a lot. I payed all the money I owed on closed accounts. All my old accounts have balances of zero. I got accepted for a small overdraft with Nationwide, this has increased to £650.…
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Partners Credit Rating House Move
Hi all, Myself and my girlfriend are potentially moving into a property together in the next month. I have an excellent credit rating, my girlfriend's is poor. Is it better to have bills made out into my name alone as it could drag my rating down? Or will having both our names on bills help boost her credit rating slowly…
