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Should I keep credit card accounts open
I’ve done numerous 0% balance transfers over the years but have always kept the accounts with zero balance open, I’ve got access to nearly £80k of credit but using just £13k. Is it better for my credit score to close the accounts with zero balance or leave them open? what is the ideal balance (no pun intended 😉)of unused…
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Credit Rating?
Retired, tried to get a new reward credit card but turned down due to credit rating. We are supposed to have reward cards but organisation has changed banks, it's a right mess, new ones have not arrived, so we would like to ditch them! We have where possible always paid everything off, we really have not used credit much,…
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Footprint: what do lenders see? and how to understand the info?
Hello, learning about credits scores, etc and want to get a detailed understanding, so hope this is th right place. I have a lot of questions but if brainy folks on here can answer them, this will become a useful resource to help others interpret their own credit reports. If you have a search done, it leaves a "footprint".…
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CIFAS - how long do they keep your data after a search?
I have been reading up about CIFAS. So basically, if a fraud is suspected, the bank will notify CIFAS, supply a case file and place a marker on the database with that persons details. But what if there is never any fraud? If a bank does a CIFAS search with a persons name and address, and there is no markers, does CIFAS…
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Error on Nationwide report showing Arrears
Hi, so after being refused a small increased overdraft i decided to check my credit report on Clears Score. It showed an arrears- worsening- on my mortgage which was the first I’d heard of it. i called Nationwide and they confirmed there were no arrears and they had not ‘reported’ me and to get in touch with Equifax After…
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CIFAS Marker obtained for fraud but it wasn't my fault.
Beginning in February of 2021, my account was used, without my consent. The person who used it had gotten access to my santander account, and clearly used it for fraudulent reasons. I have no intention on denying it. At the time, the person who had committed the fraud (a extremely close relative) was living with me, and…
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resolve call proof of debt
I recently was contacted by Resolvecall regarding a debt i did not recognise, i asked them for proof of debt and they have sent me a load of statements from 2005-2009 for a credit card I forgot i had. I have not paid anything towards this debt and have not acknowledged it for 13 years it would seem, does this mean the debt…
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ClearScore seems to have mad data?!
I applied for a loan online today. I was told initially I was eligible for a rate of around 6% based on my income, however when I put in the application was only offered 13.5%. I figured I must have a bad credit score (for no reason I could see) so checked ClearScore, where it says I have a good credit score but on my…
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Missed Payments & Remortgage
I’d like to ask a question - due to cost of living crisis I have missed a credit card payment this month - I will be remortgaging in 4 years time (yes I’m a worrier) Before I remortgage I’ll have paid this credit card off fully and by next year 2023. I want to understand / intrigued that when I remortgage in 2026, I know…
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Barclays incorrect information on credit file
I've got a bit of an ongoing gripe with Barclays at the moment, which the best way to explain is to start from the beginning. At the start of Covid in 2020 my partner was laid off and I lost all my overtime so I decided to take a 3 month payment holiday from my Barclayloan, when the 3 months were nearly up I had the option…
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Default removal
Hi, Has anybody successfully had a default removed? We have recently had a default applied to an account following one missed payment. Payment was due on 3rd October and default logged on 25th! it feels like a very disproportionate reaction to one missed payment
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Credit Rating - Credit Card Accounts
Good Morning All, Looking for some quick guidance from people in the know. I currently have 10 active Credit Cards (some dating back 5 or 6 years), however I only actually use 2 of them. My total Credit Card utilisation is 47% and dropping fast. My question is, am I better to keep my old (now redundant) Credit Card…
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How long would you wait after 6 years?
Got a question that I’m hoping to get a feel for? As you will probably know defaults expire six years from the default date. Once that drops off on all 3 credit reports, would you apply for a mortgage the day after, or would you wait a week a month etc? I ask as my only default fell off 3 weeks ago; and nothing shows on my…
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Nationwide
I recently transferred my mortgage over to nationwide saw the deal they have on at the moment regarding cash back for transferring a current account and applied Had an email after the application advising a few extra checks are required did an online chat a few days later was advised I needed to take some id to branch Did…
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Should I pursue removing a CCJ
Hi, I’ve currently got a CCJ on my credit file dated December 2018 for £509 to TM Legal Services. The Date Issued is stated 22/10/2018, and I satisfied the CCJ on 10/12/2018. The original debt is from Lending Stream, when I applied for a payday loan in January 2017 for £400. At the time I was in a bad cycle of payday…
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Resolvecall Letter
15 years ago I had a small business that went under and I ended up with various credit card debts. One of them for £3,800 was bought by Capquest. I think it went to court in Northampton, I didn't attend, but an agreement was made whereby I paid them £1 a month. I paid this monthly until a few months ago when for reasons I…
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mortgage with bad credit but partners is perfect
im looking for abit of help regarding mortgages….we are first time buyers and looking at getting a mortgage pretty soonish (hoping prices drop) but unfortunately i was a little silly back in the day and got myself into a never ending spiral of payday loans 🤦🏼♀️ ive not had one for nearly 3 years, ive had 4 defaults 1 has…
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HSBC CIFAS NIGHTMARE
I applied for an account with HSBC which was declined after submitting the application. I didn't think much of it as I don't have much credit history and applied with Metro& Lloyds both of which accepted my application providing ID checks. I submitted the ID online and received all bit such as cards etc. I set up all…
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Denied credit - mortgage?
Tried to purchase a sofa yesterday with Divideby (spread the cost over 12 months interest free) and was informed I was denied the credit. I have a good credit score, no missed payments, etc. I have however, purchased my own house last month so I now have a mortgage and proof of living in that house for one month (they…
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Applying for mortgage with previous defaults
Hi, I am looking to apply for a mortgage with my partner on a right to buy property, so we will be getting a significant discount which will stand in place as our deposit. My partner has an excellent credit score and I have a good credit score. However, I have two defaults: one in 2017 for £1000 on a credit card, and £400…
