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Arrangement to pay effects
Hello everyone Just seeking some advice. I have had my credit accounts on arrangement to pay since November last year ( 9 months) due to COVID related money issues. I am now in a situation where I can come off of these plans and start to pay the minimum payments again. My question really is, is it worth doing this as these…
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Credit Karma score just dropped unexpectedly?
I'm currently tracking my credit ratings via a few trackers, including Credit Karma. My app is telling me my score just dropped 34 points, but I have no idea why. The report says I should up my credit limit, but my utilisation has been around 10% for the past 3 months. I have switched current accounts in the last 3 months,…
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Should I close my unused accounts?
I'm currently saving for a deposit on a home, I'm saving £100 a week (200 into help to buy/ 200 into premium bonds). Currently whatever I do doesn't seem to impact my credit, I've paid off all my accounts bar one. Im on the Electoral role and I'm at a loss of what to do next I have 4 accounts - mbna CC (2.5k limit) -…
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Why isnt my credit raiting going up?
Ive been tracking it for the past few months but it is static. I have a loan that I pay every month, which is due to be completed in December. I have mobile phone contact, car on PCP for example and never missed a payment on anything. I have a credit card but I dont really ever buy anything on it, I just pay the £3 monthly…
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Credit file query financial associate
I have just received my fathers credit search as he has dementia and I have power of attorney. On it says financial associate searches and his wife has applied for a loan etc I know these show up they have a financial connection but this actually says name of applicant as my father. Does anyone know if this would mean a…
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TransUnion and an incorrect Default notice
First post so hello. After a while out of work I had pretty well maxed out my credit card so when I went back to work I prioritised clearing it asap. Once I'd got it down to about 75% of the credit limit, I decided to take on a loan to clear it, as that would involve paying much less interest and ensure I had the cashflow…
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Credit score dropped 100pts on ClearScore??
Hi Between June and July this year my credit rating on ClearScore has dropped from 532 to 414 despite my debt actually decreased and all payments being made on time. During this time the only change that has been made is that I took out a new credit card to do a balance transfer of £2k. Since then my debt on that has…
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Debt with fluid passed to Moorcroft but not defaulted?
Hi I currently have a debt with Fluid, and this has been passed onto Moorcroft, however a default notice hasn't been applied to the account. I just wondered what the procedure was for getting a default notice applied? I'm keen to set up a payment plan, but I won't be able to clear the account for longer than six years…
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CCJ from the money shop
So I was told not to pay the outstanding balance as they owed me some money back then a CCJ appeared. I’ve had an email to say they’ve marked it as satisfied and I can get it removed if I contest it as they won’t challenge it. Is it the N244 I complete but that’s saying it costs £255. The court isn’t being very helpful and…
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Defaulted on bank loan
Hi, first time poster here. I took out a 10k unsecured loan in 2017. Started to struggle with the repayments halfway through and ended up defaulting on the loan with about 5k balance left. This official default date was Feb 2019. At that same time I had a credit card with around 90% of the £2250 limit utilised. My question…
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Arrangement to Pay
Need some expert advice folks please… I’m looking to get a mortgage in the next couple of months. In readiness for this I have checked my credit files through ‘check my files’. I knew I had a default with the Halifax which is due to drop off next month, what I wasn’t aware of was an arrangement to pay marker dating back to…
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Credit record from DMP and mortgage
We came out of a DMP in 2017 and recently put our house up for sale as we need somewhere bigger and felt confident as Experian now has my credit record as excellent. We have now spoken to a mortgage adviser who asked us to get a credit report from Check My File. I was shocked that this put our credit scores (me and DH) as…
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Credit card decision and effect on CR
Hello After being excluded form support from March 2020 to September 2020 when I managed to pick up a low paid temporary job my credit rating took a battering. Initially on my biggest Credit card despite a payment holiday I paid enough to prevent it going over limit for as long as I could. Eventually it still went over…
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CCJ settled before 6 years
If you pay off a CCJ but it remains on your file for a couple more years will this help your credit rating score that it’s settled or will it make no difference whether it’s been paid or not?
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Default date
Hello, first time poster grateful for any advice please. I had a Cahoot flexible loan. When my marriage ended I couldn't afford the minimum contractual payment. Between October 2015 and January 2017 I made token payments. This was reported monthly on my credit file as a missed payment. Santander defaulted the account 15…
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Credit score question
I paid Experian and it doesn’t show all my debts. I have a few with a debt collection agency that I pay monthly but weirdly they aren’t showing in my credit score as accounts I owe. All I had was my mortgage, 1 CCJ which I’ve now paid off and a credit card I pay which has a low amount on it. Does this mean the debit…
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Nothumbrian Water default removal
Hello, Prior to getting my mortgage I lived with some
friends for years in a joint tenancy. I checked my credit profile recently and
noticed I have a £120 default dating April 2020, obviously my friend was aware
of this and sorted it. The problem is it's also in my name and he's now listed
as a financial associate on…
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Why so many searches?
I'm using the MSE credit club reporting through Experian and confused about the number of insurers checking my credit file on a regular basis. Why do they do this? I used comparison sites mid-Feb for home insurance and mid-May for car insurance. My home insurance with Policy Expert and my car is with Hastings Direct. I've…
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Sky account not on credit files?
Hi. I recently got into some bother with sky (had a debt with them dating back around 2 years ago). the account still shows a balance when I log into it, but it’s not on my credit file at all but it did used to be, my details are up to date there, number, address etc, but have received no form of contact from them. I once…
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CCJ Removed from credit file early?
Hello, On the 4th June I paid off a CCJ that was issued in August 2017. It updated as satisfied on Credit Karma report shortly after - and I understood that it would remain that way on my file until 6 years from the start date - so would drop off in August 2023. Just checked my report on Clearscore (which comes form…