Credit Rating: How it works and How to improve it discussion area

harkin_2

I signed up for the free 3 day trial & they still charged me £14.50. I got a refund after ringing them back, but I would check your credit card statements after you sign up.

Tigerite

The opposite end of the scale for me. I signed up using a Cahoot webcard with £1 limit - the 30 day trial lasted almost 40 days until they finally got around to cancelling it, and I don't think they even took that £1 in the end. I didn't have to call them either?

harryhound

Expect a 14.50 bad debt on your record soon?

Moggles_2

copacabana wrote: »

Hi Moggles, thanks a lot for the feedback. Yes, am on the electoral roll at my current address and was also for my past couple of homes, but how do I check the public records for this?

I would concentrate on that period then, making certain your addresses, electoral status and credit facilities are recorded correctly on your credit reports between those dates.

Credit card companies normally use the electoral roll to verify an applicant's ID electronically, so ensure your name and current address matches the details as they appear on the electoral register.

You can inspect the electoral roll at your nearest public library.* Pay particular attention to the way your first name(s) as well as surname are recorded. Also an extra line may be inserted/omitted or the order reversed, where new build, a house name or a block of flats is involved. You'd be surprised how often this happens.

When you apply for credit facilities, bank accounts etc.or to the credit reference agencies, ensure your address matches the details as they appear on the register.

*If you opted out of the edited register (which is sold to anyone who wants to buy and which may be viewed in a public library), you can check the full version at your local electoral registration office.

Moggles_2

copacabana wrote: »

Have only been back in the UK for two years; was overseas for four years prior to that. If details linked to the overseas addresses aren't checked, how would you suggest that I deal with the Experian requirement that you enter all addresses for the past six years? Perhaps I should provide my parents' UK address for that period?

It depends where your credit history 'lives'

The agencies collate data from 3 main sources 1) you, 2) public records, 3) their clients, the lenders. Obviously, this info' is only as accurate as its sources. In particular, lenders don't always report to all three agencies, so I would order reports from the other two as well.

If you've built a good credit history with say current account, credit card, mobile phone etc. these accounts will be linked to one or more addresses. An address that doesn't appear on at least one of your credit reports 3-6 years later probably isn't worth including. This is just my opinion of course.

alo6

hi there,

ordered my experian credit report and well my current account where my wages gets paid into isn't there. Is this affecting my credit rating at all?

Also i have a £2000 overdraft which is always sitting at the £1900 mark at the end of the month. is that real bad in the eyes of the creit report folks.

thanks for your time.

bongo11

mrelpea wrote: »

Hi,

I only just recently got sent a Natwest Service 100 card after waiting with a Solo card for ahbout 6 months (prviously HSBC had dicked me about with empty promises for a year or two).

I really want to satrt improving my credit score and having read all the stuff on MSE about improving my credit score I think the logical step is getting one of those 30% interest credit cards. Does anyone know which one would be the easiest to get? I don't wan't to have to apply for more than one, two tops as the more credit score checks they do the more of an adverse effect they have on this precious commodity.

Can anyone help?

Cheers

dont know if iv done this right 1st time lol. i got cap one but had to apply every 3 months third time lucky only small limet every 4 months they up ur limit if u pay min on time hope that helps.

bongo11

sscott5581 wrote: »

The account should be off his file now, defaults are removed from files six years from date of default whether settled or not.

sounds silly but whats fly be a credit cars lol?

bongo11

i meant card lol

John_Pierpoint

Hi bongo,

Welcome to the Money Saving Expert forum, it is nice to see someone experimenting with the system and learning a lot.

Can I give you a tip:
If you use "Firefox" as your browser, it has useful features called plug-ins. They are written by fellow enthusiasts, and given away for free.
The spell checker plug-in underlines words as you type them in red, just like "Word" does.
It cannot find card written as car, but it will spot the written as teh (one of my favourites).:j

Good luck building a responsible credit score.

John