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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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Not using available credit
Hi all. My credit file says I'm "not using the credit available" and that's negatively effecting my credit. I have three credit cards I use and pay off in full every month. The only thing I can think of is a overdraft that I don't use. Could having an overdraft and not using it negatively effect my credit rating?
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KLARNA
I set up an account with Klarna sometime last year but have never purchased anything with them. I then got a bill for £900+ saying i had bought goods in Selfridges, London. I live in the North West. Anyway, after many many conversations with a credit retrieval company and Klarna, they confirmed it was fraudulent purchases…
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One accidental missed payment halved credit rating
My wife has had no missed payments or anything else to damage her credit rating for decades. But following some confusion over who was continuing to pay Octopus for her late mother's account, and therefore one accidentally missed payment, the TransUnion credit agency halved her rating. The other two agencies did not. This…
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Moved: Cabot Financial
This discussion has been moved.
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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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Fraud Marker Placed by Barclays over Legitimate Utility Bill – Need Advice on ChallengingPosting on
Posting on behalf of my partner, who’s now facing serious consequences due to a CIFAS fraud marker placed by Barclays Bank. He is currently in the UK on a Global Talent Arts Visa, and opened a bank account with Barclays in February. Ten days later, the account was closed. Despite repeated attempts to find out why, the only…
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Creditor still registering default markers / won’t change status of debt post DRO Moratorium
Good morning I unfortunately ended up being subject to a DRO in 2023 with the moratorium period ending in December 2024. According to both the StepChange and Debt Camel sites, once this has ended a creditor should mark any debts that fell under it as either Satisfied or Partially Settled. I have been struggling for months…
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Fraud: Scam secrets. BBC Radio Four 31//7/25 12:04
A new series called Scam Secrets starts tomorrow for anyone interested. https://www.bbc.co.uk/programmes/m002h2p3 Blurb: https://www.bbc.co.uk/sounds/play/p0ls7xbp "It might look like a perfectly ordinary message. It could come from someone you thought you trusted. Or it could be a phone call that catches you off guard.…
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CcJ wrong name
Hello, I’ve finally in a place to resolve my debt and wish to enter into a DRO. I’m currently in the process of complying all my debts. However, I took a catalogue (Very) out in my married name, but I never officially changed my name (my passport etc. are all in my birth name). I missed the court documents and Overdale…
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MSE Credit Club savings and investments income
Hello, Ref:- MSE Credit Club savings and investments income. Can anyone advise why there doesn't seem to be anywhere to add income from savings and investments to my annual income? Thanks
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Credit card for ATM withdrawal?
Not too sure where to post this: In the 'Banking and Saving' \ 'Top Cards for Travelling Abroad' Barclaycard Rewards Credit Card is compared with Chase Debit Card and First Direct Credit Card. Further down the chart is the Row heading 'Fee free ATM cash' where it's stated that '£500/day can be withdrawn on the…
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Link bank accounts to Clearscore?
I've been using Clearscore to track my credit rating but I'm curious if I should link my two bank accounts to it? I'm wondering if there are any reasons not to? Does it give you access to better deals when it comes to loans assuming you are not in debt at the time?
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Credit Score - Why isn't it going up
I regularly check my credit score with all the relevant agencies, I haven't missed a payment in four months on my Credit Card, I have never missed a payment on a Credit Union loan and all of my utilities are at £0.00 balance. How can I get it to increase faster or am I doing something wrong?
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Charge on property
Hi, In 2007 I took out a loan secured on my property with first plus ( who I believe are no longer in business) This was paid off in 2013. Recently we’ve applied for extra borrowing on our mortgage for some home improvements. Whilst talking to the bank, going through our finances, they said there was still a charge on the…
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CCJ Nearly Six years old now getting contacted
I defaulted on a debit in 2013 due to marrige brekdown the debit was sold several times, and a ccj was placed on it in summer 2019, I moved house and went to my old house to collect post to find I now had a ccj. I didn't hear anything more so I did forget about it. I have now received a letter from Irden Capitol Services…
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Credit Card Limit
Hi all Halifax have infomed me that they are increasing my credit card limit. I dont have to do anything if I am happy with it (which I am) but they will do some final checks to make sure it is right for my needs. Will that be a credit score search?
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Virgin Money Destroyed My Credit — Lied, Blamed Me, Then Hung Up
I’ve been a loyal customer since 2019. Never missed a payment. Then Virgin Money wrecked my credit score over a single missed payment — caused entirely by their own silent system change. In April, I asked for help during a quiet patch in my self-employed work. They offered something called “Breathing Space” — a freeze on…
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Atom Bank savings account rejection
Good Evening, I shall be grateful for thoughts from folks in the know on this one. My wife applied to Atom Bank for a savings account. It was rejected. Trans Union score is excellent, has bank accounts et al with healthy balances and all other indicators suggest a comfortable stable position. The only downside is that…
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Charging order 15yrs+
I have a very old ccj with a charging order to the value of around £2000. The order is over 15 years old and the debt is unpaid. I have had a letter from a company that Lowell have instructed to possible take this further. can anyone tell me what could happen and if I need to contact them please? I’ve done some reading and…
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PayPal negative balance
Hello, Looking for some advice please, I am in a bit of a pickle! Over the last 2 years I have been transferring money from my PayPal account to a friends using the bank option when it takes a few days to come out of your bank. It started as £100 and increased month by month to pay bills and other debts. It is currently at…
