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

terry876

Hi all,
I am trying to rebuild my credit due to bankruptcy, Have had a clean record ever since until this year, for my car insurance to get quotes i used money supermarket 4 insurance companies did a credit search which now show up on my record, how can they do this just for a quote?

Moggles_2

terry876 wrote: »

I am trying to rebuild my credit due to bankruptcy. Have had a clean record ever since until this year. For my car insurance to get quotes, i used money supermarket. 4 insurance companies did a credit search, which now show up on my record. How can they do this just for a quote?

These footprints from car insurance online quotes are there for your information only. They are classed as unrecorded enquiries and they're not seen by lenders. Rest assured they have no effect on your credit rating

bigup7

so today i applied for my credit file and noticed that it said i was registered on the electoral roll and stated my council name, but no names were listed or dates against it. Yet i vote every year with the slip that comes from the council to our house.

so i just rang the council and my middle name is stated first on the list then my first name in the middle. i.e my name is John Andre Smith, they had my name as Andre.J.Smith

i think this is why i have been refused credit in the past as it was this that was lowering my score.

so they going to send me a form to fill so i can change this.

my question is, once this is changed so it is correct, how long will it take for it to appear on my credit file?

CPJames19

bigup7 wrote: »

so today i applied for my credit file and noticed that it said i was registered on the electoral roll and stated my council name, but no names were listed or dates against it. Yet i vote every year with the slip that comes from the council to our house.

so i just rang the council and my middle name is stated first on the list then my first name in the middle. i.e my name is John Andre Smith, they had my name as Andre.J.Smith

i think this is why i have been refused credit in the past as it was this that was lowering my score.

so they going to send me a form to fill so i can change this.

my question is, once this is changed so it is correct, how long will it take for it to appear on my credit file?

Did you get this form from the council or the company that provided your credit report?

bigup7

CPJames19 wrote: »

Did you get this form from the council or the company that provided your credit report?

from the council mate, they are going to send it to me.

Goodtimesahead

before making an credit application check your credit files are all in order and get a credit rating for both, you need pretty high scores at present say 470+ equifax & 850+ with Experian (correct me if I'm wrong but those are the approx levels) if you are way below that forget it, as you will leave a credit seach on your file by making an application, you should ideally only have 1-2 max in the last 6 months to.

bigup7

bigup7 wrote: »

so today i applied for my credit file and noticed that it said i was registered on the electoral roll and stated my council name, but no names were listed or dates against it. Yet i vote every year with the slip that comes from the council to our house.

so i just rang the council and my middle name is stated first on the list then my first name in the middle. i.e my name is John Andre Smith, they had my name as Andre.J.Smith

i think this is why i have been refused credit in the past as it was this that was lowering my score.

so they going to send me a form to fill so i can change this.

my question is, once this is changed so it is correct, how long will it take for it to appear on my credit file?

anyone have any info about this?

telecomengineer

Hi Guys

I am new to credit and was declined for an 02 contract mobile due to no credit history, I had the same response when I applied for a T-Mobile Contract.

However T mobile offer a new service for little or no credit customers called a SIM only deal (SOLO) contract

Basically you dont have a new phone they send you a sim which you can use in your existing handset - it is a pay monthly option but is only a 30 day rolling contract and you can cancel at anytime

I am on the SOLO 20 where you get 500 mins and unlimited text for just £20 a month

The Bonus is that having just seen my equifax file they report the account conduct to them so this will help improve my scoring - also after 6 months T mobile will if payments have been met upgrade you to a proper contract with a free phone.

Useful info if your new to credit?

Moggles_2

bigup7 wrote: »

I applied for my credit file and noticed that it said I was registered on the electoral roll and stated my council name, but no names were listed or dates against it. Yet I vote every year with the slip that comes from the council to our house. I rang the council and my middle name is stated first on the list, then my first name in the middle, so they going to send me a form, so I can change this. Once corrected, how long will it take to appear on my credit file?

Unlike credit searches and an increasing number of online and telephone credit card applications which appear on your credit file more or less in real time, this type of data can take a month or so.

FYI and anybody else reading, if you ordered a paper copy, you can telephone the CRAs quoting the reference number and date of your report and they will advise you of subsequent changes over the phone, so there's no need to order further copies

marcellep

telecomengineer wrote: »

Hi Guys

I am new to credit and was declined for an 02 contract mobile due to no credit history, I had the same response when I applied for a T-Mobile Contract.

However T mobile offer a new service for little or no credit customers called a SIM only deal (SOLO) contract

Basically you dont have a new phone they send you a sim which you can use in your existing handset - it is a pay monthly option but is only a 30 day rolling contract and you can cancel at anytime

I am on the SOLO 20 where you get 500 mins and unlimited text for just £20 a month

The Bonus is that having just seen my equifax file they report the account conduct to them so this will help improve my scoring - also after 6 months T mobile will if payments have been met upgrade you to a proper contract with a free phone.

Useful info if your new to credit?

Thanks for that, I wonder if I would get it as I have a default from 4 years ago!