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Credit limit explanation?
When you check credit file and says you are using over 50% of your credit limit is this just for credit cards where you have an "available balance" or do loans etc count towards it also even though you don't have an "available balance" once made payments. If I had a loan and a credit card and was using 75% of credit card…
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Missed Payment Broadband Issue
I had my broadband with a certain provider until September 2023 when I switched. All my payments were up to date and as far as I was aware my account was closed. In October 2023 I received an email from my old provider saying I hadn't returned the router. I sent the router back (it was my fault I had completely forgotten…
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Bad credit / buy-to-let mortgage / ex
Hello My ex and I had some buy to let properties. During the divorce my ex got one, I got one. We split amicably so didn’t notify the mortgage lender. My ex is now in serious arrears on their property which has destroyed my credit rating and I am trying to get a personal mortgage. My mortgage advisor and lawyer are trying…
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Scottish Power
Hello all I was hoping to apply for a mortgage this month and have just opened checkmyfile to see a couple of entries under AR Arrangement for Scottish Power. We are on prepayment meter. Apparently we built up a debt (not sure how, top up weekly and if the meter goes to zero the power goes off!). They advised us of…
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Right to Buy mortgage/credit file
Hi - asking for a friend. She was denied a mortgage this week as she is using 80% of her credit thats available. Broker suggested reducing this to 25% and then reapplying but this needs to be done within 3 months as which point the Council offer will expire. Her buy price was put on hold for 5 years while Council looked at…
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credit file is so different across the agencies
Hi all, I got into debt 6 years ago following a serious health diagnosis and subsequent passing of my Dad. My mental health hit rock bottom. I ended up defaulting on 10 debts totalling nearly £20k. Since then I got back on track, salary increased 40% and no more bad credit issues since. This year all my defaults drop off.…
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CCJ
Hi all, I wonder if anyone can help. I have a CCJ on my car (which stupidly ignored but have my reasons) back in 2022, I have not received anything until now where I got a text from an uplift company who said they have been asked by debt collectors to uplift my car. I have called the debt collector asking to reset my…
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Credit balances after default expires
Hi - I have some defaults due to drop off this year, since getting these defaults I've had no missed payments or further negative markers. What happens to the credit balance on my credit file relating to these defaults when they have dropped off please? I'm hoping my score goes up lots as the defaults drop off and will…
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CRA Default Removal Dates
Simply posting this in case it helps others in a similar situation, as the only info I could find was a little outdated (though partially still applicable). If your defaults are coming up to their six year anniversary, based on my current experience this and last week, then TransUnion and Equifax seem to remove them a week…
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Credit rating drop and can't get a phone
Hi everyone. First time here so please be gentle! My wife and I were struggling financially up until early this year, yet were still able to get things like mobile phones and cars (with decent APRs). We sold our house, cleared our debts and are temporarily renting (at least a year) with a healthy deposit in the bank for…
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‘Arrangement to pay’ on credit file..?
Hi, currently in the midst of looking to purchase a house, making an offer this week, and looking to go ahead..blah blah blah. I’ve just checked my credit file, as this is now a ‘hobby’ of mine..lol. I’ve noticed there has been an arrangement to pay at the end of may and June with Scottish power. I do not owe them a penny,…
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Good Morning
Good Morning Martin, I was just wondering how you could help me with my credit score? I am new to your site, but do watch you on TV whenever you`re on.
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Ccj ended credit score not moved
I paid my ccj 3 years into owing it, 3 years on it has now gone from my credit file a month ago. All over the internet it advises the credit score should increase by 200+ but mine hasn’t moved. Please advise??
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Unknown CCJ on Credit Record
Hi guys, I have read through few posts on the CCJ but didn't find the answers that I was looking for, so creating this new thread. Hoping someone with similar experience can share useful tips. I was trying to buy something online earlier today on an interest free offer and it was declined by the lender. It has never…
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CC Utilization 27-25% check
Is there any importance in reducing CC balances from 27-25%. I've used lemon calculator to check value of this 2% difference, +3xx approx. 27% Utilisation I've referred to Experian report, I think it could be decent starting point. Though is it important to achieve 25% rather than current 27%. This is Non Pay in Full Every…
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declined credit despite having 999 rating on experion
My Dad (74) wats to get credit to lease a pickup. He has perfect credit - a rating of 999 on Experion, but when he did the credit check he was declined. He has doesn't have any debt, has plenty in the bank and we can't understand why he's been declined. The only thing he says he can possibly think of is - he is a landlord…
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Defaults Showing After IVA completion
I entered into an IVA in Apr 18 and competed in Apr 23, My certificate of completion is dates June 23. I have applied for a mortgage and it has been rejected. On checking my credit file 2 of the creditors that were included in the plan are showing as in default until June 23. I was under the impression that the default…
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Affordability Soft Searches
I’ve just applied for a new credit card and noticed soft searches from from for affordability, weirdly no hard search from them, maybe this was the reason why the application was referred, anyways how does affordability work I mean what do they check, do they just check if payments are being paid on time etc, and what do…
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Wrongful CCJ stopping me doing anything
I recently had a wrongful CCJ put in my name over unpaid bills at a previous address which I was no longer living. This is now being overturned and filed by United Utilities. However I was just in the process of looking for a new car after scrapping my old one and now it seems I have to just wait months for this to be…
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Paying Reduced Figures on Defaults
Hi, I have a number of defaults which are approximately 5 years old (some 4). They have all been sold onto 3rd parties and they have been sending me letters offering to pay reduced figures to clear the balances. If I decide to pay the proposed figures, will it affect my credit score (and although I know logically it…
