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

Palm_Centro

Joe R, that will definitely be a reason to be rejected for credit.

jamdon

Hi, I'm new to this site and hope you can help.

I was made redundant in Sept 08 and unfortunately my mortgage went into 7 months arrears as did my car finance, however I started work again in late March 09. Neither mortgage or car finance were covered by payment protection, with my car finance covered financially by my company car allowance until my redundancy. I have since repaid the arrears on the car in full and will be able to repay the mortgage arrears in full in approx 4 weeks.
How do I best ensure that both lenders reflect my recovered financial position on my records?.

Thanks.

cs638

Hi

I obtained my credit report from Equifax as I've recently been turned down for a loan and yesterday car finance.

On checking my report it's immediately clear that there's something seriously wrong with my current address details. All of my bank a/c's, credit cards and loans are being listed under my previous address and nothing is showing under my current address. The electoral roll section is also not showing my current address and is only listing my previous address. Under the current address section it just says 'n/a'.

I have changed my address details with my Bank and with my loan provider and yet nothing is appearing on my credit report under my current address, they are all still being listed under my previous address. I also contacted my local council to change my electoral roll details to my current address, but again nothing is showing on my credit report. This really is driving me mad as it seems that since I have nothing appearing under my current address I am unable to obtain any kind of credit.

Can anyone suggest the best course of action to get this issue resolved?

Bermuda_John

Im having the same problem

I cant get on the electoral register becasue im abroad so they can register me

powned

i thought you cold get on the roll over the phone? do you have to attend a meeting or something?

voodoomox

Does anyone know whether Tesco Credit Card gives monthly reports to agencies? If so, who? I tried to check on annualcreditreport.co.uk and doesn't seem to be showing at all.

ScRiMpNsAvE_2

Hi Voodoomox

I have not used annualcreditreport.co.uk - nor heard of it until now - and not sure I'd want to.

http://www.reviewcentre.com/reviews146978.html

Have you tried the main agencies through their free trials?

harryhound

I tried annualcrecditreport, but did not get as far as being asked for money. They could not find me even though I have lived and voted from this house for nearly 40 years.

kstp2002

hi all,i have been reading the forum a couple of months and have got some great advice,this is my first post on the forum and specific to me,if anyone can help then many thanks! im a self employed electrician,due to the economic situation things have been very hit and miss for the past 18 months ie busy for 3 weeks then quiet for 2 so some months 3k can go in the bank then the month after 1k,i sold my house 4 years ago and havnt had credit since,i had a messy seperation from my ex and had to take out an iva of which im into the 3rd year,i have done a credit check and my rating is poor! i am wanting to buy a house in 2 years so have to improve my rating,i wasnt on the electoral role so have registered a couple of months ago and iv had the crdit builder pre-paid card a few months also,im doing all i can does anyone else have any advice? and is 2 years long enough to improve my rating? im not looking for a quick fix i know it takes time,how many points do you get for registering on the electoral role ? many many thanks anyone who can help

Moggles_2

Welcome to MSE, ktstp!

kstp2002 wrote: »

I have done a credit check and my rating is poor!

You cannot perform a credit check on yourself (Only lenders can do this.)
How have you assessed your credit rating? For peace of mind, I'd order a credit report, if you haven't already done so. For help, see page 1 of the *How to obtain credit reports* sticky. Experian sends explanatory notes which are a good read as well. Remember credit scores are at best a very rough guide and not worth paying extra for

I had to take out an IVA of which I'm into the 3rd year

IVAs are normally deleted from credit files after six years from the date the IVA was set up. If the IVA lasts longer than six years it will remain on your credit reports until the date the IVA ends. You can ask for your credit report details to be changed to show the date the IVA was completed.