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Seeking Advice on Mortgage Possibilities While on a DMP
Hi everyone, I’m reaching out to see if anyone has been in a similar situation to mine or has advice to share. My family and I are struggling to navigate the challenges of securing a mortgage while I’m currently on a Debt Management Plan (DMP) which I was badly advised to take. Here’s a summary of my situation: *…
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Defaults and Debt Management Plan
If i have defaults from 2017 - which i assume should be removed from my credit file. I am currently paying by way of a DMP. Is it worth still paying or would it be unenforceable? Is it to down CCA route?
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PRA group's recording of debt on credit file
Hi all. Context: I became mentally unwell during Covid and was under psychiatric care. During this time, I stopped paying my Barclaycard (first time ever) and it snowballed as I wasn't able to deal with it. It was passed to the PRA group and once well, I made contact and set up an arrangement to pay. All has gone well and…
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Misspelled name on loan application
I applied for a personal loan but after clicking submit and sending identification with my name, realised that I had spelled my first name with a double letter in the middle. Think ‘charrlie’ instead of ‘Charlie’. i received an error message when submitting my ID and all I had was an error message, and a paragraph saying…
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Credit Utilization Ratio; >30%? As low as 10%?
What percentage of your credit card limit should you use to optimise your chances of credit in the future. Compare The Market et al suggest keeping your useage below 30%. But Experian suggest keeping it as low as 10%. I don't have much need for my cards at the moment so I tend to use my debit card. But I've been told it…
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Cabot new entry on credit file
Hello! I have recently been contacted by Cabot Financial who are chasing an old loan that had defaulted almost 6 years ago. The 6 year cool off is set to expire in a few months. They were sending letters and immediately calling me every single day so I contacted them to ask them to prove the debt just to get them off my…
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Default notice due to scam
I was a victim of a scam/02 security failure and £1.5k was put as a charge onto my 02 account, then turned into a loan. They subsequently put a default notice on my Experian account. Despite loads of phonecalls, emails, shop visits, I have been unable to ever get to directly speak to 02 fraud dept. Promises of fraud…
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Moved: Fraudulent JD Williams Credit Agreement
This discussion has been moved.
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Avg credit score/rating
Hi, My son is splitting with his wife and is looking for a mortgage on his own after selling their current house and going thier seperate ways. Looking at his credit rating on Clear score and credit karma its not brilliant but we cannot see why its avg. He has a decent job earning over £30k, has had a mortgage (joint) for…
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I have paid off my revolving credit
Hi, paid off my 2 cards down to zero, only have car loan now, no late payments on anything for donkeys years... no other debt, how long will it take for this to show on the 3 agencies please?
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Maiden name or married name
My wife has applied for a 0% balance transfer in her married name but was refused. All her bank accounts and cards except for one are still in her maiden name. Should we apply again in her maiden name this time and will that affect her credit score in her married name. Thanks
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how often do lenders check existing customers credit files?
Hi, I am awarre that lenders can check their existing customers credit files - for example. Very reduced my credit limit a couple of years ago when I took out a new card. how often to lenders do this and would this search show up as a soft search on credit report? For example, I am a long standing Barclaycard customer.…
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All credit agencies reports are different
transunion, Experian, & Exquifax are all reporting our mortgage payments differently, to the point that Equifax saids we are 'delinquent'. Have been in touch with the mortgage provider who have stated that they report that are up to date and no missed payments but an 'arrangement to pay' form during Covid. Have put 'Notes…
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Joint mortgage and financial disassociation
Hi I am separating from my wife. We have a joint mortgage which has created a financial association on our credit files which we would mutually like to terminate. The ideal end result would be to have the house in my sole name and no historic or future financial connection to complicate any future borrowing. I believe…
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Old debt reappearing as new debt on my credit file
I had an old debt with Vodafone which defaulted in January 2018. It was removed from my file January this year. My score had increased quite a bit as a result. I received a notification from Experian this morning that my score has dropped due to a missed payment. When I checked, it was showing my old debt with Vodafone as…
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Credit card payment
If I pay for something on my credit card, will it appear on my January statement to be paid. Or will it appear in the February one
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Default status
Hoping someone can help with advice on what to do. After an illness in 2017 I fell behind with some debts which got defaulted but nearly paid them off and the last default is due to fall off this April. Last June out of the blue a default appeared on my credit file from a company called Lantern dated March 2023 for £166. I…
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Who are TransUnion?
I set up accounts with credit karma and Experian a few years back and logged on again recently. Experian now only give a credit score on their free account. Credit karma show soft and hard searches as well as a credit score. On CK, there are multiple soft searches carried out by them under the heading credit karma…
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Bank Account - CIFAS/CREDIT REPORT
I’ve applied for every single bank account in the UK, yet I’ve been rejected even for a basic account. I’ve submitted a subject request form to CIFAS to inquire about any information they may have on my credit report. My credit score is poor, but I’m unaware of the specific issues that are preventing me from getting a bank…
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Default Query
Hi, Some advice would be massively appreciated. I've had historic debt for around 10 years, paying circa 1k a month. May 24 - I'd been around 28k in debt and struggling to bring it down. Spoke to partners parents who said they would pay the debt off if I could get it to 15k. Attempted to negotiate part settlements with…
