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Opening bank and saving accounts - impact on credit file
Hi, In previous years gone by, I have often taken advantage of switching offers from banks, usually 1 per year. However, more recently I haven't. I've been taking a look and I think it's time to switch again as the service from my current bank is terrible and I basically move everything to a monzo account. I was wondering…
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DRO in 2018 - now trying to rebuild credit score
Hi all, I had a DRO in Dec 2018 and was discharged in 2019. Since then, I've been trying to boost my score and do everything I can do improve. I'm aware my DRO will be on file til Dec 2024. However, I've done/managed the following: - Phone contract with EE (£30 pcm) - Credit card with capital one (used for groceries and…
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Hard searches now removed after 6 months instead of 12 months?
ClearScore says hard searches are removed after 6 months. It used to be 12 months. It this just a Equifax thing or is it a new rule for all CRAs?
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Will a new EEA Connection help my credit ?
So for years I’ve had terrible credit and I’m exploring every possibility to improve. I was in a bad relationship that put me in debt but I’m all good now and nobody will give me a loan or credit card etc but I taken out a new sim only with EE in November (new customer) and today just out of curiousity I added an Apple…
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Improving credit rating for future offers
I have a poor credit rating/history and as a result most credit cards I have are of a very high APR. I have 5 credit cards all with APRs over 39.9% and varying amounts borrowed on them but all over 90% of available credit. Recently applied for a loan that is 17.9% and was successful. This loan amount does not cover all of…
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None of the 3 agencies have ever shown my main current account
I've had my Lloyds Classic current account since the early 1990s. It's never appeared on any of the three credit agency portals, despite it being - until last year - the only current account I hold. Last year I decided to open a second current account with a different bank, NatWest. This is in addition to my main current…
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What's better?
So, in summary I had an account with Satsuma Loans, who are now in administration. This was opened in 2015, with a dormat debt / balance sat on the account from early 2016. I made a complaint that the debt should have been defaulted in line with the FCA Guidance of 3-6 missed payments and not continually recorded as a…
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Should I keep unused credit cards open?
I've finished paying off all my credit card and loan debt as of last week. I'll keep using one of my cards for some monthly spending and pay it off each month to maintain my credit history. I also have broadband/phone contracts which show up on the report too. Is it worth keeping open two credit cards I have no plans to…
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What happens once a Cifas marker is removed by the bank that placed it
Hi, Recently my bank removed a Cat 6Cifas marker and notified me by email thatthey had removed it then I quickly went tothe cifas website and Ran a DSAR checkwhich took a couple of days to come backbut when I received the report it said themarker was still on my record, so then Iemailed my bank but have still got…
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Removing alias from credit file
Hello, So me and partner have a joint account with Monzo which we used to pay bills. Neither of our salaries were paid into it, we literally just used it for small transactions, we don’t share any other finances together. unfortunately a CCJ has wrongfully been placed on my name as of January 2022 and is visible on my…
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clearscore increased score
As a regular reader of this forum I'm aware of the strong views about credit scores and their lack of value. Purely as a source of amusement then - I moved home last year, retired, took a part-time job and culled my bank accounts and credit cards. My report has been very boring ever since, no debt, most expenditure put…
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Aviva reporting home insurance as a 'unsecured loan' with TranUnion
I have checked my credit file and Aviva Online have have reported I hold an 'unsecured loan' with them to TransUnion. This is not true, I have a home insurance policy with them that I'm now seriously re-considering. As I understand Insurance policies aren't reported to agencies and certainly aren't reported as an…
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Cabot texts
I received a txt from Cabot saying they need to contact me. I have just sold my London home and instructed my solicitor to pay ALL outstanding debts including one on my file from Cabot. I assumed they were contacting me regarding the account closure. I clicked on the link and it turned out to be a demand for £3000 for a…
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Credit Card vs Loan (Debt Consolidation) & Credit Score Impact
Hello all. I have 3 credit cards totaling 17k approx, only one, the smallest amount, is on zero interest. As I struggle (i.e. it gets me into more debt), to pay the monthly minimum of £400+, I'm wondering if it is more beneficial to take out a long term loan and pay back £200+ per month. I am in the process of selling a…
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Default after withdrawing from credit agreement
Hello, I took out a loan from 118 money a few years ago, however I withdrew from the agreement within the 14 day cooling off period. I realised it was a mistake to withdraw, and attempted to continue with the agreement, but was told I was not able to and had to return the funds within 30 days. Unfortunately, I did not…
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BW Legal mistaken identity debt letter
I received a debt notice from BW Legal for PRAC financial limited for a small amount from a British Gas bill. Only problem was the address for the debt was not mine, but similar. The two addresses are v similar - indeed the other address is across the road from me. But they are different enough not to be confused and the…
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How will it effect my score
Hi every one need advice. So I have debt that ended up with debt collection Company's from defaulting on my accounts. What I want to know is if I settle these accounts will it be bad on my score from the day I settle it or from when I defaulted? Or does this work as two bad marks one from defaulting and one from settling…
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Received a court claim for a different business.
Hi. At the weekend I received a letter from Northamptonshire County court business centre regarding a claim for a business named similarly to mine but of which I have no knowledge. I really don't know where to go from here. I have tried to contact the claimant's legal representative CST law to explain the problem and asked…
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Incorrect amount registered by Hitachi Finance
We had some home improvements on a 12 month interest free deal with Hitachi Finance, as was. The amount borrowed was 3k and I only did it to put that amount in a fixed 1 year account to gain a little extra interest, wasn't worth the bother really. So the account now shows on my credit file, but for an amount of almost…
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How long does it take before a CCJ appears on a file?
CCJ newbie here so would welcome advice - I'v searched online for the answer but can't seem to find them. I'm locked in a legal battle with a tradesperson who claims I owe them money - they have taken me to court. I couldn't make the date of the hearing and wrote to the judge, but there was some administrative error and…
