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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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ClearScore dropped 76 points
I appreciate that this is very much first world problems and credit scores, particularly on ClearScore, are not an exact science so the answer to this will inevitably be not to stress. However, I’d like to understand thinks better as it feels odd to me. Up until last month my score on ClearScore was around 950 so I was…
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Vodafone appearing on credit report
I cancelled my phone contract with Vodafone in October 2016, yet it's still showing as an active account on my credit report with no outstanding balance. Will this cause an issue and if so how would I go about fixing it?
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N443
Hi who do I make a payment to for cancellation of £19 tHX
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When should I start paying to debt collector
,Basic rule of thumb, if its defaulted, and gets assigned to a collector, you can pay the debt down if you want to.’ And when I cannot see default registered yet? But debt was already just passed to Wescot. Should I start talk to them or still wait and how long?
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How long to default?
What I can see now many creditors don’t register default even after 8 or more missed payments! Why they don’t stick to guidance then? Why they delay it so long?
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Do creditors have to default an account?
Hi guys, I was wondering if anyone can help? … long story short. I have an account in default from 5ish years ago. I noticed that the creditor allowed me to miss two payments then allowed me to pay the normal monthly amount to keep it out of the 3 missed payment range, they allowed this for over a year reporting x2 missed…
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ClearScore's lax attitude towards personal data security
I recently tried to login to ClearScore with an account that I hadn't used for a long time. It rejected my login by telling me that my account already existed. Well, duh!! So I thought I'd try creating a new account, but it refused to accept the password that I'd set a few seconds earlier. So I tried a password reset and…
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What does a Neutral statues or flag mean on your credit file
Hi all, I'm almost at the end of my car PCP, and given the value of the vehicle it makes more sense just to hand it back rather than part-ex it. Ive had a chat with VW finance, and while my PCP ends in March next year, they have said that as I am over 50% of the settlement, then i can hand the car back now any time now…
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Unfair Default lodged by Admiral?
Hi folks. I got an email this morning from Admiral saying I'd defaulted on my van Insurance that I cancelled a couple of weeks ago. "Notice of default We refer to your consumer credit agreement ##### relating to an insurance policy with Admiral. Your bank/building society could not pay your Direct Debit instalment of…
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Ex wife CCJ on Shared Property
Hi MSE forumites, My ex wife managed to get a CCJ against her with a Solicitor's firm sticking a charging order on the property (which is jointly owned under a Mesher Order), I've just been refused PCH Car Credit from Ford with little information as to why however the letter states it could be in connection with other…
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Please help me understand how on earth does credit score and dissociation noticework!
Hi. I have been in a relationship for the last 16 years with someone who has bad credit score and will have for significant amount of time. I want to get a mortgage next year, just on myself, my annual salary is something over £45.000. We have been renting the same house for the last 11 years, our both names are on water…
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Credit Club "Credit Insights" wrong
As in the title, MSE Credit Club reports: Credit Report Insights: You have 3 things to work on: *You’re using over 50% of the credit limit on at least one of your accounts -----------No I'm not. Nothing in the Transunion, Equifax or Experian reports suggest this. *You busted your credit limit on at least one account…
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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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Getting ready for next mortgage - question about CC debt
Hello, I have a question regarding getting my finances ready for a potential mortgage application in the near future, 6-12 months from now. I am in full-time employment and over the last few years have also operated a small weekend business online as a sole trader. Over those years I used a number of Personal credit cards…
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Sevent trent fail to contact me for 6 months about a failed DD but report me each month
I’ve had a water account with Severn Trent for 15 years, always paid via direct debit without any issues. Out of the blue I get a letter saying I owe around £500. Turns out my DD bounced 6 months ago and they cancelled it. Here’s the kicker – during those 6 months they’ve reported me as “missed payment” every single month…
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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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Synectics Solutions marker - Ombudsman ruled with LBG
Hey everyone. Just looking to get some thoughts and advice on this complaint I've had ongoing with the ombudsman for some time now that I had an outcome with yesterday. To give a bit of context, I had a CIFAS marker incorrectly added against me in 2019 which resulted in a wave of account closures. My LBG accounts at the…
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My solicitor has damaged my credit rating just as I am applying for a new mortgsge
Last month I sold our family home of 23 years. The sale date was Friday, 29 August which coincided with the due date od my mortgage payment. I really didn't think I needed to make a payment that day as the mortgage was being repaid from the sale of the house. I now realise that due to a delay of a couple of hours in…
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Blacklisted
Looking for advice for my daugther, 32. Around 3 years ago now, she clicked a link on her phone that I think related to some kind of cryptocurrency and her bank account was wiped out. She lost around £1500. When she reported it she was told that they thought SHE was somehow complicit and was committing some kind of scam /…
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prefect credit report but still rejected
Looking for some advice. Both my Wife and I and high earners with a combined income of over £180K. We have just paid over 50% of the mortgage. So, we have plenty of equity. We have no credit cards or loans, and never use our overdraft. Both have had stable jobs for over 10 years each. 3 months ago, we applied to our…
