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What your credit score really means
Hi! This is the discussion thread for the What credit scores really mean guide. Click reply below to discuss. If you haven’t already, join the forum to reply. Thanks folks,
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What your Credit Score really means - Please read first before posting about a credit score issue.
Hi all! This is the discussion thread for the What credit scores really mean guide. Well, what does your credit score really mean ?. By Martin If you've paid to get a credit score from one of the credit agencies, how reliable is it? We run through the truth about credit scores. I’ve just found out that my credit score has…
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New to the Credit File & Ratings board? Start here
Useful links to MoneySavingExpert.com guides * Top tips to build your credit score * How to check your credit report for Free * Credit Club * Build your credit history * Student credit scoring * Should I get a loan if I have a bad credit score? 💡 If there's a link you think we should include here, please send me a message!
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From your experience
My credit file is in a pretty bad way but in: 1 years time 4 defaults will drop off. 1 1/2 years time my last and final default will drop off. 2 1/2 years time 9 missed payments will drop off my report. The last default and the 9 missed payments are only showing on my equifax report and the 4 four defaults are showing with…
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electoral roll / credit file
I moved house end March , and updated with local council - my mse / credit karma and monzo credit insights say i’m not on electoral roll. but my experian says i am - my council also confirm i am and it was updated beginning April - should i be concerned with this or will it just update ??
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Buiying a new car with exisiting debt
I've just finished my PCP agreement for a car (£330pcm). I need a new car but have the following set of circumstances: - Credit Score 847/999 (Good) - Personal loan / £7,400 to pay of £10k / No missed payments - Mortgage / £184k left to pay of £201k / No missed payments - Credit card / £10k but 88% utilisation / No missed…
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Atom Bank and Equifax
I have a mortgage with Atom bank for over a year now, it appears on my Experian and TransUnion reports but not Equifax. Anyone else here with a Atom bank mortgage with the same situation?
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CCJ, low credit score, 50%deposit wanting a mortgage
Hello everybody, first time posting!! Looking for some advice! Been renting with partner for 3 years, managed to save a 50% deposit for a house, joint income £90.000 PA Partner has great credit score, mine pretty poor, getting back on track but 1 CCJ on my file added last year as a result of previous marriage. Both full…
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Clarity in default reporting
Hoping to get some clarity on how these are reported as it seems every lender does it differently! In Sept 21 I went bankrupt. some lenders reported accounts satisfied in sept 21 (which I thought was correct) some lenders continued to report the accounts as being in default until Sept 22 (when bankruptcy is discharged) I…
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Can I sue a credit reporting agency
I had an issue where Transunion incorrectly put 6 missed payments on my credit report. After 5 months of investigation they finally admitted it was entirely their error and removed these inaccuracies. Before the fault I had a 990 credit rating, it dropped to 600 with the fault, I was rejected for a mortgage had credit card…
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Credit report shows missed payment
Hi, I was reviewing my TransUnion credit report today and noticed it shows a missed payment. It advises me to check the "Accounts" section for more details, but I can't seem to identify which payment was missed. Is there an easy way to find out which account or payment this refers to? Thanks in advance for any help!
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Trapped by Virgin Money and credit file lies
I'm at my wit's end - someone here must have experience as I can't believe I'm alone in this situation. Last year, my company went bust leaving me in dire straits. I contacted Virgin Money who took me through a long affordability questionnaire and finished by telling me I couldn't afford the payments (no sh*t!) and there…
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Lloyds bank reporting my account (after 27 years)
I received an alert yesterday from ClearScore relating to my Equifax credit report. The email was to inform me a credit agreement was being added to my report. Having panicked, i logged in, and it looks like my Lloyds current account is being added to my credit file. What i can't figure out is why its being added now (i…
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Incorrect defaults still registered after winning court case for CCJ set aside
Hi Here's a brief and simplified version of the situation. I had an electricity account with Eon at an unoccupied and derelict property that used minimal, and often zero, electricity. They regularly used estimated bills even though they were aware of the situation. The situation was kept under control for a number of…
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Credit Report Plan for a Mortgage
I'm wanting to apply for a mortgage however my credit rating is in tatters at the moment so I've come up with a plan to resolve it and wanted to share it to see if anyone had any advice or suggestions. Basically I was in about £15k debt in 2021 and the endless phone calls and knocks on the door was sending me under so I…
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How accurate does my address history need to be?
Are there likely to be issues with verification if I can't pinpoint the exact date I moved into/out of a property?
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ID mobile £2 has impacted my credit report
Hi, looking for some help. I was with ID mobile and moved provider when my contract came to an end. I received a text from them to say my estimated bill would be £0. I then cancelled my direct debit as when my wife moved from ID, they kept charging her for a contract she didn't have and I didn't want the same issue. This…
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ERUDIO student loans help
HI, My student loan has recently been sold to erudio student loans company. I currently defer my loan as I am below the salary threshold to pay it back. The letter states that erudio will supply details of my loan to credit rating agencies, something that has never been done before. There have never been any details of my…
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NewDay CIFAS
Good morning. My NewDay credit card was closed without warning last year, and I was informed that my credit facilities had been withdrawn. Soon after, Santander notified me that they were closing my current accounts with 60 days' notice. They cited a CIFAS category 6 (misuse of facility) marker on my credit file. I…
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Cannot get into Experian
Today I received an email from Experian saying that a new account had been added to my Credit report & I don't know anything about it. So I tried to log in to Experian, however I couldn't remember my password, so I asked for a link to change the password, however no link appeared in my email address, so I tried saying I…
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CIFAS Marker Hell
Hi all, Honestly need some help as i’m unsure what I can do next. Timeline: 24th July - Santander accounts frozen and will close in 60 days. Submitted DSAR CIFAS request as advised. 4th August - Cifas comes back clear of everything other than “3 number searches from Santander”. Search included my parents address I lived at…
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Sister-in-laws added as financial associates
I checked my credit file via checkmyfile and found an association with my former sister-in-law (now divorced from my brother). We never opened or shared any accounts. Today I checked my file again, and now my other sister-in-law has been added! In both instances, it was being reported by Equifax but does not give any…
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Email fm Experian saying new credit account added
Please can you help as I'm freaking out a bit. Received email today from Experian saying "a new credit account has been added to your file" I've not applied for anything. I logged in to the app to check, there are no hard searches, which I would expect if credit had been fraudulently applied for? Soft searches are those I…
