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Poor Credit Score - Should I Close down unused cards?
Hello, I have a really poor credit score, mainly from issues 5 years back, My score is still pretty tragic however I have "Collected" credit cards over the years, and now I worry I have too many open and it could be causing me more negative effects. Should I close unused cards? I understand credit utilization will…
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Historic Credit Card - Claim Form. What are my options to prevent a CCJ at this stage?
Hello, I received a claim form from the CCBC regarding an old debt from about 5 years ago on a credit card. I'd forgotten all about this, but this default has been sitting around for some time, and now the creditor has issued a claim form. My question is, what can I do at this stage to prevent a CCJ, aside from paying the…
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Ombudsman appeal approval
Hi, I've submitted an appeal to the financial ombudsmen for a credit default on a joint account I had been advised I had been removed from (see post: Default on joint account held with ex husband — MoneySavingExpert Forum). I've now submitted an appeal to the financial ombudsmen and they have confirmed as it's a joint…
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Credit file and British Gas Energy Trust
Hi, back in the autumn I applied for a grant to the British Gas Energy Trust. Further to the collapse of Neon Reef and the subsequent energy market chaos, I never got round to fully setting up my account with British Gas. The increase in prices left me with a large outstanding debt which I couldn't pay off. After 12…
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Identity fraud and credit report
Hello All, I’ve recently been a victim of identity theft and social engineering where fraudsters took out loans in my names etc. my bank and lenders are currently investigating this. One lender has said they can right the loan off but it will affect my credit rating for the next 6 years. Is there anything I can do to…
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Computer says NO
Years ago when Martin was singing the merit of credit score agencies I plunged right in with experian and believed it to be a good thing? Now that I am retired and do not have the thousands of pounds coming annually and with some missed payments on my credit cards I am treated like a pariah. If the companies that I have…
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Defaulted account
Hello and thank you in advance for any help anyone may be able to give. I recently checked my credit report for the first time ever via moneysupermarket and was surprised to note that I have an account in default . I looked through it and it is a debt that has been bought by a debt collection company in August this year…
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Experian have removed the vast majority of my accounts
A few years ago, I signed up to Experian and found that they had the wrong electoral roll address for me. I had them correct this and everything was fine. More recently I found that they've reverted to the incorrect address, so I contacted them to ask them to correct it, with evidence from the council. They sent me an…
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Experian credit score
Hi, I am looking to get finance for a car and I am looking at my credit report. When I check with Experian it tells me it is fair 851/999 but when I used the free apps like the one credit club it tells me it is very poor with 435/999. Which one do I trust? Both have the same details for me. I don’t want to ask for finance…
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Lantern debt collectors
My mum received a debt letter from lantern debt collectors at her address for me, now I’ve never lived at her address or taken anything out in her address so how this happening?
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Does a substitute of claimant form from court mean anything to me with regards to an existing CCJ?
Hello, Today I received a letter regarding a 4 year old CCJ which I’ve ignored completely, with the intention of allowing it to become statute barred after it drops off in 2 years. the letter today says “we have since made an application to substitute the Claimant on record from Xxxx to Xxxx. Our application has been…
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Basic to current bank account impact on credit file
Hello A few years ago, I made the decision to get rid of my current account after getting in overdraft debt. To resist further temptations, I decided to open a completely new account with no overdraft facility which ended up being a Basic Bank Account. I've been completely debt free for 4 years now & also have a bit of…
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Default showing twice, is this right?
Hello, On my credit report I have two defaults, one for Barclays Bank and one for PRA Group. This is for the exact same debt, shows the same default date and the same balance however it is showing two defaulted accounts. I feel like this will be causing me a negative affect and I have raised this with PRA Group, who…
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Do lenders hold data from previous hard searches?
Do lenders hold data from previous hard searches, and do they use this data in subsequent credit applications? Say if you applied for a credit card and were declined, and then a few years later you apply to the same lender, do they only go off your current credit file, or do they take into account data they received from…
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What exactly do lenders see re credit accounts?
Hi all, I've seen some conflicting information on this so thought I'd try get some input from the knowledgeable people here. When a lender conducts a hard search, and they see who you have credit card accounts with, do they actually see the name of the credit card provider, or just that you have a credit card with x credit…
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How do defaults work.
Hi. I have a couple of defaults from Oct 2019 that I'm paying back to the credit vultures. My repayment plan far exceeds 6 years. My credit report is showing default on these accounts every month. What happens after 6 years when defaults fall off the report but I still have an open plan. Will it still show as a D on my…
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Sky mobile shows up as a loan on credit report
Hello 👋 I was looking at my credit report yesterday and noticed that in items negatively affecting my score it says I have 3 or more loans. I have one personal loan and this shows up along with Sky mobile in the loan section of the report. There is also a hire purchase agreement on for my car which I’m assuming is what is…
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Views of lenders on non-utilised credit.
Hi, I’ve been approved for a small interest fee arranged overdraft. I do not intend to dip into it, and rather it’ll cover an account fee that is immediately reimbursed into the account. Therefore, only 6% of the overdraft will be used each month, and it’ll be reimbursed within an hour of it being used. Will not using the…
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Fraud Investigation phonecalls, are there new scams going around?
Hi I've now had 8-9 calls probably more as I blocked the number, however a new number xame up today, so I answered thinking it wasn't any potential scam. These calls are are spoken by people with a foreign accent. Started by asking me if I am Ms (my first/christian name) to confirm my name. I asked who they were, as it was…
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TransUnion extremely volatile credit score
Hello Don't know if other members have the same experience or anybody can offer some advice but my TransUnion credit score changes so often & frequently for no obvious reasons whilst my Equifax score has barely ever changed for over a year now & my Experian has changed very infrequently in the past year. My TU score…
