Reluctance

user55

After my automatic discharge last week, I know I should now be organising myself to sort out my credit files, but I find myself reluctant. I feel like I left all that !!!! behind last year and I don't want to revisit it and have to deal with it all again. I feel like I've moved on at last!

I suppose I'm deluding myself though because something on the file could mess things up for me down the line. But still, it's really not a task I relish!

I need a swift kick to get me going!

shadowdragon

Well personally When I get discharged, I wont be repairing my Credit Rating, I realise how useless and irresponsible with money I am so if i want something im going to save for it. Sod the Loans/Overdraught/CreditCards. And that big shop in Town that will only sell you there goods on credit need a molatov cocktail delivering too!!!!

skylight

peachyprice

I's not just for getting credit Shadowdragon, if you don't repair your file you'll have difficulties in other areas. A lot of organisations use your credit file as risk assessment, for example, insurance applications, letting agents, utility providers. You won't necessarily want any credit from them but they'll consider you too much of a risk to do business with, and if you don't bother to clean up your file this will have repercussions longer than necessary.

shadowdragon

peachyprice wrote: »

I's not just for getting credit Shadowdragon, if you don't repair your file you'll have difficulties in other areas. A lot of organisations use your credit file as risk assessment, for example, insurance applications, letting agents, utility providers. You won't necessarily want any credit from them but they'll consider you too much of a risk to do business with, and if you don't bother to clean up your file this will have repercussions longer than necessary.

Haaa Sorry I didnt know that, although would an electricity company refuse to supply you because of a bad credit score?

Seems kinda strange to me tbh, but hey I aint no expert!!!

skylight

They cannot neccessarily refuse to supply you, but they can make you pay a large deposit due to your credit rating.

Plus mobile contracts if you wanted one in the future, some jobs these days do credit checks (depending on what and whom etc).

And it also draws a nice line under the whole thing.

shadowdragon

but your credit is borked for six years aint it, so how can you start repairing it just after discharge?

skylight

There is a sticky thread at the top of the board here.

You need to make sure that all your dates on your debts on file are dated for your BR. Therefore they should automatically drop off 6 years later. If the dates are wrong or a creditor does something accidentally on purpose (!) then they don't drop off your file, extending the problems.

Your BR will remain on the file regardless what the indivual debts state - thats why your file is naff.

Kier_2

So after 6 years, when a company looks at your credit file is there nothing on it at all?

So it will effectively look like the person hasn't had any credit ever in the 30 / 40 / 50 years they've been alive?

skylight

Kier wrote: »

So after 6 years, when a company looks at your credit file is there nothing on it at all?

So it will effectively look like the person hasn't had any credit ever in the 30 / 40 / 50 years they've been alive?

Thats about the gist of it, yes. Then is starting all over again. Thats BR for you - its a fresh start, but you need to clear the stale stuff first! (As long as you make sure its cleared off correctly).

Kier_2

I'm looking forward to the whole thing with a mixture of anticipation at a fresh start, masochistic excitement at the uncertainty of what lies in store, and sheer, undiluted terror!