Sub Prime Credit Thread Part II

davethorp

sutton111 wrote: »

Have you checked either of your credit files?

Not since applying no. Not signed up to one of these things that give you regular access

sutton111

davethorp wrote: »

Not since applying no. Not signed up to one of these things that give you regular access

Are you considering signing up?

davethorp

Doubtful. Not a huge fan of the CRAs as it is so unlikely to hand them cash every month just to see what items of MY personal data they are processing

sutton111

davethorp wrote: »

Doubtful. Not a huge fan of the CRAs as it is so unlikely to hand them cash every month just to see what items of MY personal data they are processing

I can totally understand your view.

I find it handy, especially when I'm trying to sort myself out.

davethorp

I can see it's uses but cant justify the cost.

I get my report free each year from annual credit report. On that I found out that Lloyds TSB were still processing a default for 18 months following a court ordering its removal. A swift letter to them got it removed and £100 compo too.

Had I have caught it sooner through paying each month to experian or equifax I may not have got the £100 as it wouldn't have been on for 18 months.

Since it's removal I do seem to be being accepted for a few more things not to mention my now stupidly high JD Williams limit

sutton111

davethorp wrote: »

I can see it's uses but cant justify the cost.

I get my report free each year from annual credit report. On that I found out that Lloyds TSB were still processing a default for 18 months following a court ordering its removal. A swift letter to them got it removed and £100 compo too.

Had I have caught it sooner through paying each month to experian or equifax I may not have got the £100 as it wouldn't have been on for 18 months.

Since it's removal I do seem to be being accepted for a few more things not to mention my now stupidly high JD Williams limit

So you don't have any other defaults now then Dave?

davethorp

sutton111 wrote: »

So you don't have any other defaults now then Dave?

Still one from 5 years ago for capital one so thats dropping off soon. That should be about it

claire6hy

what happens to ur credit file when you have a default over 6 years old which isnt payed off??

duggie1982

I have a default for about 5 and a half years which is updated every month. Will I need to pay this of before it will go away?

PROLIANT

duggie1982 wrote: »

I have a default for about 5 and a half years which is updated every month. Will I need to pay this of before it will go away?

No, it will dissapear after 6 years and 1 day - paid or not.