Can I appeal a credit refusal?

Empty_pockets

WOW, loads of replies, thanks. I'll have a proper read though later.

NID, Can I pick you up on one point?

"You're right in that once you have paid the CCJ, then it can be removed (removed in the sense of the legality of chasing for money) but it will remain on your credit file as settled for 6yrs, whether you like it or not. Its the way it is - it is still a defaulted payment. "

I'm pretty sure this is incorrect. If the CCJ is paid in full within ONE month of the issue date it can be completely removed, in effect cancelled. That's why it only shows on one CRA's files, not all.

I have a letter from the court after my recent enquiry confirming it is to be cancelled. I'd upload it but not sure how??

blinkerthinker

LBG_worker wrote: »

It is difficult to say who is at fault here. Usually experian will ask you to go to your provider to get them to update your file as they only work with the data they are given. With credit cards it is the banks responsibility to report the data to experian. Natwest should have some sort of data disputes department which can look at your case for you and update your credit file. However if the bank are being "difficult" and for some unknown reason wont update their records you can always put a note of correction in with experian whilst Natwest get their acts together.:j

LBG - thanks for the response, only thing is everything account on my reports was not updated since July example, my 3G account, Capital One, Halifax, etc etc..... none of them were updated... I have now checked it today and all of a sudden they are now updated !! So becuase i decided to pay my money to experian and join up again, they all of a sudden decided to update my file... Isn't this a breach and hence on my original post, When i apllied for my credit card yesterday with Natwest they saw an older report and i got declined.... AGAIN ANY RESPONSE WELCOME...THANKS IN ADVANCE !

never-in-doubt

Empty_pockets wrote: »

WOW, loads of replies, thanks. I'll have a proper read though later.

NID, Can I pick you up on one point?

"You're right in that once you have paid the CCJ, then it can be removed (removed in the sense of the legality of chasing for money) but it will remain on your credit file as settled for 6yrs, whether you like it or not. Its the way it is - it is still a defaulted payment. "

I'm pretty sure this is incorrect. If the CCJ is paid in full within ONE month of the issue date it can be completely removed, in effect cancelled. That's why it only shows on one CRA's files, not all.

I have a letter from the court after my recent enquiry confirming it is to be cancelled. I'd upload it but not sure how??

I also added in the same reply that it can only be removed by the same court that issued it mate Obviously if the court say to the lender to remove it, they will do so. :beer:

The court wouldn't have said they could remove it from your file - but if anyone can get it removed from your file, it would have to come from the issuing court so thats the best place to start.

However, to confirm in stone - I am specifically referring to unpaid CCJ's - if you pay it then yes, it can be removed. Sorry for any confusion.

never-in-doubt

For clarity as to how long a CCJ remains;

If you pay the CCJ within 1 month:
Court information is obtained from Registry Trust Ltd, an independent organisation set up under the control of the Department for Constitutional Affairs. If you have ever been taken to court for not paying back a debt, this will show on your report as a court judgment (CCJ). However, provided that you pay the judgment within one month, it will be removed from your credit report.

If you pay the CCJ after 1 month:
Court information will remain for a period of 6 years from the date of judgment unless set aside or recalled by the courts.

If you do not pay the CCJ:
Court information will remain for a period of 6 years and can only be removed by special instruction from the court of issuance.

never-in-doubt

blinkerthinker wrote: »

I hate natwest too.... I got declined and my score is 999...

Your score is not 999 - it means nothing in the real world and you should save the money spent on such nonsense. The CRA's do not know the specific lenders scorecards or point allocation markers and therefore use blanket scores irrelevant to your specific circumstances and therefore should be disregarded at all costs.

You can figure your own score out by getting your credit report and looking through it. No late payments, not too many accounts, not overlimit/close to limit and no derogatory data means you have a good chance of getting a card elsewhere. Each lender is unique and a multi millionaire could be refused a card for whatever reason, it really doesn;t matter - the point is credit scroing is unique and you'll sometimes be baffled why you got declined (especially if someone you know with a default got accepted) - but thats the magic of scoring

LBG_worker

Never in doubt is correct - I know of a case where a self employed high earner was turned down for credit whilst a relative who was on benefits got accepted. It sounds odd but the reason for the decision was that the self employed person could not prove their income and was a higher risk because one week she/he could earn money and the next week he/or she could earn nothing at all. The person on benefits had a steady predictable benefit payment coming into her bank. Every lender does have its own internal scoring system and only use experian as part of the reason for the decision - the rest of the data comes from other sources.