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Lowell Chasing small BT debt (possibly)
Asking for some help! Just received a letter in the post from Lowell - they say they have brought an outstanding BT debt and are encouraging me to pay it. There is an accompanying letter from BT confirming the same. Total amount "owed" is £ 25.00 so not a big deal in the overall scheme of things However, despite BT…
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Incorrect default - company now out of business
Good afternoon, In August of 2018 I bought a household product through Perfect Homes. I fully paid off with monthly payments. I bought two more products in the following 3 and a bit years. I just had an alert and suddenly a default is showing for the August 2018 purchase and due to go off in December of this year. The…
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How long do loans stay on report?
Hi. I'm planning to apply for a mortgage in the next few years. I understand that accounts stay on your report for 6 (?) years. Is this 6 years since the account was opened, or 6 years from the last payment/account closure? I'd like the loans to be visible when I apply for the mortgage, so they can evidence good payment…
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Help please with notice of disassociation
After a relationship break-up I am following the advice to ask the credit reference agencies to place a notice of disassociation on my credit files. Experian was very easy and I just had to complete an online form. However, I can't find where or how I can do this with Equifax and TransUnion. Could anyone point me in the…
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Building my Credit Rating after paying off a DMP
Hi My local Skoda dealer offer interest free payments on service and repairs. I have booked my car in to have the breaks done on the 14 Feb. Do you think it would be worth applying for the interest free option. payable over 4 months? Could this have a positive impact on my Credit file? I am just trying to get back to…
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Credit rating etc
Hi I got myself in a financial mess 5 years ago, I have negotiated paying my debts. I am working hard to improve my credit rating and have a couple of credit cards now that I make sure are paid on time etc. Will the debts that I got 5 years impact on my credit rating until they are paid off etc, or do they 'fall' off the…
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Incorrect credit file entry vs O2 vs Mortgage
I am a first time buyer and in the process of applying for a mortgage via a broker. I was asked today to provide my credit file/report which was done and it showed all the information Experian, Equifax and Transunion have for me. It was brought to my attention that I have a loan with O2 from 2019 and of which I have…
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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…
