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CCCS_Sue

Majestic wrote: »

Hi,

Over the last couple of years, after realizing my credit file was a mess, I decided to sign up to Equifax and keep tabs on my file in a bid to improve my apparently poor score.

The reason my score was originally in the red was due to a disagreemet I had with Orange phone network and not then shortly after defaulting (£200) on a Capital One credit card, but nonetheless settled accounts.

I'm embarassed just writing about my pathetic and ill understanding of how, at the time, this would totally trash my credit score.

Anyway, fast forward four years. I have two credit cards accounts (not good I know, but they've helped improve my credit score), a mobile phone account, a broadband account, and a bank balance which hasn't incurred any charges in as long as I can remember (hooray for me, I know).

But yet on recent veiwing my credit score seems to be in worse shape then ever. As I say, i've kept everyting tip top since my younger days.

I then noticed on closer inspection, my old (defaulted) Capital One account had replaced my newer, well kept Capital One account, I was slightly miffed let me tell you. And then not the other day, my Broadband account which has also helped improve my score, totally disappears.

And my score is now back in the red.

I'm fed up to be honest, i'm paying good money to see my account when i'm notified of big changes via Equifax (such as accounts added or removed) and keep all my creditors happy with up to date payments.

I'm not expecting to see my credit score improve drastically overnight, but the effort and budgeting i've indugled over the last few years should return some improvement?

I'd just like to ask, what the bloomin 'eck i'm doing wrong?

Thankyou in advance
Majetsic.

Hi Majestic and thank you for your message

There is a section on this MSE website that deals with all you need to know about your credit score and how to improve it! I have attached the link. http://www.moneysavingexpert.com/banking/credit-rating-credit-score

I am sure you will find lots of useful advice on here, but if you need any further help just contact us.

Regards

CCCS_Sue

Flowers

CCCS_Matthew wrote: »

Hi there,

I'd suggest you book an appointment in order for us to discuss your options. Without seeing your budget it's hard to say whether £150 would be affordable for you to offer the creditors on a repayment plan. It might benefit you to book an appointment once you've had confirmation of what you are going to be earning once your working, if you are confident in getting back into work soon. Alternatively we can provide advice based on how things are at the moment, and then reassess the situation when your income changes.

You can try using Debt Remedy. Debt Remedy would assist you in completing a financial statement and you would be provided with tailored advice on the best way to deal with your situation. Click here to go directly to Debt Remedy.

Or if you would prefer, you could ring our helpline to book in a telephone based apponintment with one of our debt counsellors. Our helpline is open Mon-Fri on 0800 138 1111.

Hope this helps,
Matthew.

Thanks, but I have done all of the above and didnt find it much help. I will be earning about £900 a month. Should I get a loans to pay off my debts, because i have so many in different areas?

All my credit cards are no longer interest free and acc1 is charging £100 for each month am over drawn with fees too.

aims83_2

Hi, I have DMP and one of my debts is an overdraft with barclays and they removed the overdraft and didnt accept the amount we were going to pay them, we have cintinued paying them in the mean time, my brother yesterday sent me some money but put it into my barclays account instead of my current one with hsbc, i need that money and when i have rang them they said that dept isnt open so they dont know if i can have the money!! can they stop me from getting that money?

massivedebts

Hello
We are about to start our DMP with you in April. My contractual payments to MBNA are £25, yet I have been informed that CCCS have changed this figure to 3% of the balance-one card now has a contractual payment of £145. I will now be paying £12 more to the CC than what I was ever asked to pay pre DMP and will be giving MBNA MORE money on a balance of £4800 than my NR loan with a balance of £10k. I seem to be getting mixed info when I ring CCCS, can you please clarify one way or the other.
Many thanks
MD

VanillaDelia

Hi I have received my CCCS notification of DMP and CCCS financial statement back from Aquq (one of our creditors) along with a compliment slip, stating they want proof of income. I am self employed and earn about £100 a month profit and so only have books and my husbands most recent wage slips are with yourselves at CCCS. How should we go about this? My husband is due to be paid on Wednesday, but as he has done overtime this will show on his wage slip, so I am worried they may see him earning more than what is down on the SOA recently sent to the, and then demand more money.

Please help, what should we do?

faye6174

Hello, I am in the process of setting up my DMp with CCS and my partner has received a court fine which i had not included in my budget when i filled the on line form in. How can i get this added to my budget? (we will be paying £50 per month til November)

Thank you

VanillaDelia

VanillaDelia wrote: »

Hi I have received my CCCS notification of DMP and CCCS financial statement back from Aquq (one of our creditors) along with a compliment slip, stating they want proof of income. I am self employed and earn about £100 a month profit and so only have books and my husbands most recent wage slips are with yourselves at CCCS. How should we go about this? My husband is due to be paid on Wednesday, but as he has done overtime this will show on his wage slip, so I am worried they may see him earning more than what is down on the SOA recently sent to the, and then demand more money.

Please help, what should we do?

Its ok I have contacted Aqua and they have informed me they have already received correspondence from CCCS and have accepted the £5 per month for 12 months. My only concern is that they expect the 1st payment by the 5th/6th April, when we will only be paying CCCS on the 1st which I believe wont be distributed until the 25th.

icecube2009

Can you tell me please how long it takes to set up a DMP, I am currently gathering together all information eeded to fill out the on line form, but wondered if I should still continue to pay my creditors, I have a Credit card payment (£200) due at end of month & another at beginning of april (£125) which will basically clear me out & mean I will have to use the card again for food etc. not sure what to do?

pilch23

Hi

If my girlfriend moves into my property and I have adverse credit history, will she be affected.

Nothing will be held jointly and all household bills will be in my name only.

Debtmagnet_2

Hi all, Basically we have 60k of debts not including mortgage. 30k+ is on credit cards and loans, the remainder being HP and overdrafts. My wife works full time and I am self employed. I haven't had much work come in recently and we cannot now service those debts. I was advised by a friend to re-mortgage and so have applied for one, albeit expensive, 7.9% as I had to self certify my income due the present problems. This re-mortgage was to be used to pay off credit cards and loans, saving us around £400 a month, but after reading Martins website I am very nervous about turning unsecured debt into secured, especially as since the time we applied, work has almost completely dried up for me. It looks as though they are going to send the mortgage offer out in the next week or so but I can't get an appointment with CCCS until May 6th due to high demand, (understandably so for this excellent free service) for some advice. I don't want to sound ungrateful but I do not want to put my house at any more risk than absolutely neccesary, and would rather go into DMP with the CCCS and let the banks and credit cards take the pressure, than re-mortgage and lose the house. I hope someone out there can give me advice, any at all would be welcome. Cheers.