My Credit Report Advice Please

iwantoneplease

Hi I've just recieved my credit report after being turned down for a loan. I'm a single mum working full time and earing £22000 a year, I pay £83 Nursery fees a week of which I get £73 back from Child Credit Tax.

When I was with my ex partner (of 11 years) we spent money like it was going out of fashion and most things were in my name, as you can see from below nearly all is paid for. I'm now trying to be sensible for my daughters future.

I want to get out of the loop of using high APR loan companies and get a loan to do some repairs to my car, get my washer repaired and go camping wth my daughter then hopefully once (if) the housing market has settled look into buying my council home as security for me and my daughter.

Any advice on improving my credit would be fantastic, I get no support from my daughters dad and no chance of getting any CSA due to him always moving around.

Not sure if I'm putting this in a format you'll understand but here goes!

Public Records Information

J1 Information Type SATIFIED JUDGEMENT
Date 01/10/03
Amount £254
Court Name NORTHAMPTON COUNTY COURT
Satfified Date 01/10/04
Source REGISTRY TRUST LTD

J2 Information Type JUDGEMENT
Date 01/10/02
Amount £134
Court Name NORTHAMPTON COUNTY COURT
Source REGISTRY TRUST LTD

J3 Information Type JUDGEMENT
Date 21/07/06
Amount £320
Court Name NORTHAMPTON COUNTY COURT
Source REGISTRY TRUST LTD

* ALL THE ABOVE HAVE BEEN PAID

Credit Account Information

C1 HSBC Banking - Current Account
Started 29/01/05
Overdraft Balance £0
Settled 10/10/07
Status History 0000000000006


C2 London Scottish Bank - Loan
Started 06/12/04
Balance £0
Settled 08/11/05
Status History 01111211000U


C3 London Scottish Bank - Loan
Started 08/11/05
Balance £855
Monthly Payment £144 over 36 Months
Status History 000000000000
Will be settled Dec 08

C4 London Scottish Bank - Loan
Started 20/10/06
Balance £21
Monthly Payment £44
Status History 000000000000
Will be settled July 08

C5 London Scottish Bank - Loan
Started 28/01/02
Balance £0
Settled 05/07/02
Monthly Payment £53 Over 12 Months
Status History 0000000

C6 London Scottish Bank - Loan
Started 29/06/02
Balance £0
Settled 15/04/04
Monthly Payment of 70 Over 18 Months
Status History 001333333333

C7 London Scottish Bank - Loan
Started 06/04/04
Balance £0
Settled 08/11/05
Status History 010100110000

C8 Welcome Financial Service LTD - Hire Purchase
Started 17/09/03
Balance £0
Settled 16/09/04
Status History 01000000000000

C9 Welcome Financial Service LTD - Hire Purchase
Started 20/08/04
Balance £1592
Monthly Payment £323 over 49 Months
Status History 000000000000
*Car stolen and something went wrong and my shortfall insurance wasn't used - this is in the process of being paid by the insurance company and welcome finance

C10 Welcome Financial Service LTD - Loan
Started 26/07/06
Balance £292
Monthly Payment of £79 over 36 Months
Status History 000000000000
Will be settled October 08

C11 Vanquis Bank - Credit Card
Started 11/05/06
Balance £523
Credit Card Limit £500
Status History 000000000000

C12 Advantage Finance - Hire Purchase
Started 12/03/07
Balance £5389
Monthly Payment of £163 over 48 Months
Status History 000000000000

Previous Searches

P1 Halifax
Application Type Personal Loan
Search Date 03/07/08

P2 Experian Credit Report (1)
Application Type Generic Check
Search Date 03/07/08

P3 Experian Credit Report (1)
Application Type Generic Check
Search Date 03/07/08

P4 Experian Credit Report (1)
Application Type Generic Check
Search Date 03/07/08

P5 Provident Financial Management Services
Application Type Personal Loan
Search Date 18/06/08

P6 Capital One Bank PLC
Application Type Credit Card
Search Date 13/02/08

P7 Halifax - Current Accounts
Application Type Current Account
Search Date 04/09/07

P8 Royal Sun Alliance Insurance
Application Type Unrecorded Enquiry
Search Date 15/04/08

P9 Royal Sun Alliance Insurance
Application Type Unrecorded Enquiry
Search Date 23/07/07

Thanks for ready my massive post but hopefully this is now the start of things to come.

standupguy

Looking at your credit report I have to say that you are progressing very well and you should be proud of what you have achieved so far.

The 3 CCJ's have been paid but only 1 is showing as satisfied - so firstly you need to get on and make sure the other two are noted as satisfied on your credit file.

CCJ's are the big issue with future lenders. The fact that they are satisfied goes in your favour but some lenders will still take the view that someone had to take you to court to get paid what was owed and therefore reluctant to lend.

The situation will improve in November 2009 when 2 of the CCJ's will drop off your file.

The final CCJ will drop off in August 2012.

You may want to consider putting a notice of correction on your credit file - something future lenders will see regarding the CCJ's explaining that they were due to an errant partner who is no longer with you? It may help with credit applications between now and 2012?

An underwriter would see that you went in arrears - but only to 2 down on your London Scottish loan C2 - but recovered and now settled - so ok.

Also that your C3 loan has run exemplary and now has a minimal balance and same goes for your C4 and C5 loans.

C6 shows your difficult period but as settled in 2004 it is now really historic information.

C7 shows only 1 payment late at times and underwriters do not worry too much about that - for example if your payment date is at month end then your standing order can be on its way at the time the tapes are sent to the credit reference agencies.

C8 a good account settled.

C9 an excellent account with a strong monthly payment - what a good sign of current creditworthiness!
However, keep on their tails daily (insurance company as well) as this needs to be shown as settled before it shows in arrears and you will know how bad Welcome are at admin?

C10 C11 C12 - other good accounts showing current creditworthiness

Full credit to you - you are well on the way to recovery and should be an inspiration to others!

iwantoneplease

Who are the best loan companies I could use with my rating.

Thanks for the kind message above