Credit File Clean Up

nigelkc

Hi Everyone
I received my credit file from Experian.
Can i have some advise on this please?
Says i have 25 financial associations
on the electral roll
Account info:
I have 13 open accounts.
1 has 6 x status 6 on it but will be consolodated on the 30th into a new loan, which i guess will show this up as settled?
2 have 3 status 1,2 & 3.
1 is a default with status 8 and a defaulted amount for £1995
1 is a satisfied default

6 searches from march 08
6 finacial linked searches
23 entries for linked adresses

So, how can i clean this up even more. This experian report says im at 115% of my credit.
it says i have £0 of available credit
i have £3600 outstanding debt excluding mortgages
10 missed payments this year

So, how bad is this? what's the best course of action to take with this if i have limited funds.

Trying at the moment to get a shared equity mortgage so all help is really appreciated.
Any tips tricks or ideas please!!
Thank you!!!

PoorPrincess

Hi Nigelkc,

I find all the credit report stuff hard to take in myself, im sorry i cant offer you any help on your situation but thought i would bump you up for when some of the professionals log on so they can see it!!

Good Luck

Princess

x

Sue-UU

Hi Nigel,

The only thing I can say about it all is close down ALL the ones you don't need. That alone will make your file much healthier.

All the best with the more knowledgeable advice of others.

Sue

headoutthesand

I'm not meaning to be harsh but you probably have a score at the lower end of the scale. I know the score counts for nothing but I like to make sure that I'm making head way on this.

Firstly check that you are not linked to anyone else who you no longer have financial connections with. If there are, then write a letter of disassociation.

next check that all the linked address are actually addresses that you have stayed at. If there are some that you haven't stayed at, make sure that you raise an action against it and they will check it out for you.

There is nothing you can do about the settled debts. They will stay on file until 6 years of the date of settlement.

Make sure you are on the voters role for the right address.

Make sure you do not apply for any other credit for at least 6 months

and lastly, but most importantly, keep on top of your payments so that you will show you can cope financially.

HTH