Advice on Credit Report

Clumsy_Girl

Hi hope this is in the right place!

Would appreciate any advice that you can give. Just got a copy of my credit report for the first time and I have a few questions about what is/isn't shown on it:

1)Should my mortgage show up on the report?

2) I had a natwest credit card about 3 years ago and missed several payments on it through pure disorganisation and not really understanding/thinking about the consequences. I ended up with an arrangement to pay, paid off the outstanding balance about 2 years ago and heard no more about it, never actually cancelled it. This card now shows up on my credit report from equifax but not on experian or call credit, but it is still registered at my previous address - this is bringing down my otherwise ok credit history. Called natwest to see if I could cancel it but I had no account number for it anymore and they could not 'find' it on their system. The advice i got was, well if it shows on your credit report that the balance is £0 then just forget about it - somehow this doesn't feel right.

Would like to atleast stop having an 'active account at a previous address' off y history, even if I can't get the missed payment history off there, which I assume is the case.

Am I worrying unnecessarily?

Any advice would be great

Thanks

The_Boss

1. I went through 3 mortgage applications and they showed up on my report. Not sure about the actual mortgage though because it hasnt started yet.

2. My Natwest credit card didnt appear on either Experian or Equifax, which was annoying since I had paid in full for 8 years. If your thing with Natwest was resolved and the account closed, I't sure it should say 'settled' (i.e. the account is all closed) on the report rather than £0 which shows you just dont owe the balance. I'd get the reference number from your report and quote it to them and ask for it to be cancelled, or go into a branch and give them your details and do it there.

Galstonian

1) Yes but it depends on the lender, they may have chosen not to report it or may use only a selection of CRAs

2) as above but also check the last amended date too, if it is recent the account appears open somewhere in the system.

YorkshireBoy

The_Boss wrote:

1. I went through 3 mortgage applications and they showed up on my report.

Instead of incurring these credit searches on your file, why not ask for "quotation" searches instead?

If you are shopping around for the best deal, you should ask for a ‘quotation’ rather than applying for credit. Asking for a quotation should not affect your chances of getting credit in the future because, for most types of credit, lenders do not have to search your credit report to give you a quotation.

If the cost of the credit deal depends on your credit score, the lender may need to search your credit report. In this case, the lender should make a quotation search and not a credit-application search. If an organisation gives you a quotation, this is not an agreement to offer you credit. If you need to know whether you will get the credit (for example, a loan), you will need to apply.

Source: https://www.experian.co.uk

The_Boss

The first application from Northern Rock was done in april. When we were about to complete it in august, we discovered that the mortgage broker had DOUBLED mine and my girlfriends salarys. We obviously would have had to prove this so had to go through a new application again. They needed to do another to make sure we could still borrow the amount of money we needed, which they then couldnt because our credit rating had gone from 'high pass' to 'low pass' (they provide different amounts depending on credit rating). Finally, the last one is our current successful mortgage application.