Credit File Confusion....

FedupofDebt_2

Argh!!!


I'm having a few problems, well more of a mad moment, with my credit reports! I thought it would be easier to start a new thread, than to add to my existing one, else it would get a little confusing to follow (or maybe that's just me!).


Anyway...in my bid to clear my debts, I registered on "Checkmyfile.com" and got my report from the 3 agencies, to make it easier for you all to understand, i'm just going to post details below, with comments etc, and hope that somebody lurking on these boards can help me to make some sense of what's going on.....(and i'm sulking now, as I've written this twice, and went to post, except it timed out and I lost it!!)


Right, here go :-

Experian
Score : 320
Court Info:
Judgment date:Jul-07
Name:Miss ***
Address:***
Court name:Not Recorded
Case number:Not Recorded
Judgment amount:£447.00
Status:Satisfied

Credit Accounts
None showing as public records - What does this mean??





Call Credit
Score : 140

Court Info
Judgment date:12th July 2007
Name:***
Address:***
Court name:Milton Keynes
Case number:****
Judgment amount:£447.00 - As this is satisfied - can't it be removed now?
Status:Satisfied

Judgment date:9th December 2004
Name:***
Address:***
Court name:Milton Keynes
Case number:4JH37****
Judgment amount:£1,027.00 - This is being paid at £30 a month, and is down to about £770 atm
Status:Active

Credit Accounts
Lender name:Lowell
Account holder name:***
Address:***
Accountholder status:Normal
Start date:25th April 2002
Account type:Credit card
Account status:Default
Last updated:23rd July 2009
Current balance:£0 I haven't paid this, I don't even know what it is, so how can the current balance be £0? does that mean i don't have to pay/owe it now?? Plus, if its £0, why is it still on here....
Credit limit:£0
Opening balance:£1,051
Account start date:25th April 2002
Repayment frequency:Monthly
Lump payment:£0
Default date:18th August 2004

Lender name:Next Directory
Account holder name:***
Address:***
Accountholder status:Normal
Start date:21st March 2005
End Date:4th November 2005
Account type:Mail order
Account status:Normal
Last updated:1st November 2005
Current balance:£0 Another one, whys it on here, if balance is nil? I did manage to get one Next account closed as they couldn't prove it was my debt, but the balance was £88...so this doesn't add up?
Credit limit:£0
Payment start date:21st March 2005
Account start date:21st March 2005
Account end date:4th November 2005
Repayment frequency:
MonthlyLump payment:£0

Lender name:Capquest (Formerly FTC)
Account holder name:***
Address:***
Accountholder status:Normal
Start date:24th November 2004
End Date:1st September 2008
Account type:Mail order
Account status:Default
Last updated:1st September 2008
Current balance:£0Credit limit:£0
Opening balance:£3,463
Account start date:24th November 2004
Account end date:1st September 2008
Repayment frequency:Monthly
Lump payment:£0Default date:21st June 2005
Original default balance:£3,463
Term balance:£0
Default satisfied date:1st September 2008 ??? I haven't paid this?!

Lender name:Next Directory
Account holder name:***
Address:***
Accountholder status:Normal
Start date:1st December 2004
Account type:Mail order
Account status:Default
Last updated:1st August 2009
Current balance:£0 Again? confused...
Credit limit:£0
Account start date:1st December 2004
Repayment frequency:Monthly
Lump payment:£0
Default date:27th May 2005
Original default balance:£124


I will have to post the details from Equifax next, as I ran out of charactors, but basically, does anyone know why they are showing as £0 balances when I haven't paid them and why they haven't come off yet..or when they are likely too? I am trying desperately to improve my credit rating, but I don't know how to start...lol...Right, page 2 to follow shortly :rolleyes:

DarkConvict

Moved to http://forums.moneysavingexpert.com/showpost.html?p=25572947&postcount=5

FedupofDebt_2

And page 2!!

Right, these are the details from the Equifax report - by far the most detailed report...

Equifax
Score : 123
Court Info
Judgment date:9th December 2004
Court name:Milton Keynes
Judgment amount:£1,027.00 - Currently being paid, £30 pcm
Judgment type:County Court Judgment


Judgment date:16th February 2004
Court name:Northampton Ccbc
Judgment amount:£552.00 I contacted the court about this, its relating to a catalogue, I'm not currently paying it off
Judgment type:County Court Judgment


Credit Accounts
Company type:Debt Collector
Account type:Credit Card
Last updated:11th September 2007
Current balance:Account closed on 06/10/2004 with an outstanding balance of £131.00 I paid this 2 years ago, so unsure why it's still showing as outstanding? Can i do anything?
Opening balance:£0.00
Account start date:18th April 2003
Worst Status:Default


Company type:Debt Collector
Account type:Credit Card
Last updated:30th April 2007
Current balance:Account closed on 18/08/2004 with an outstanding balance of £252.00 Settled this 2 weeks ago for £180 (Capital one)
Opening balance:£0.00
Account start date:25th April 2002
Worst Status:Default

Company type:Retailer
Account type:Communications Supplier
Last updated:21st May 2008
Current balance:Account closed on 07/04/2008 with an outstanding balance of £918.00 Think this is 02
Opening balance:£0.00
Account start date:11th July 2007
Worst Status:Default

Account type:Communications Supplier
Last updated:4th August 2009
Current balance:£29.00 My current mobile contract
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:7th June 2009
Repayment frequency:Monthly
Worst Status:Up to date with payments

Account type:Communications Supplier
Last updated:12th April 2006
Current balance:Account closed on 04/11/2005 with an outstanding balance of £328.00
Opening balance:£0.00
Account start date:22nd December
Repayment frequency:Monthly
Worst Status:Default

Account type:Communications Supplier
Last updated:12th April 2006
Current balance:Account closed on 15/08/2005 with an outstanding balance of £240.00 If it says account closed, does that mean they have given up chasing me for payments, or should I try and find out who it is and arrange to pay them, incase they catch up with me in the future? I would like these gone, sooner rather than later.
Opening balance:£0.00
Account start date:2nd September 2004
Worst Status:Default

Account type:Communications Supplier
Last updated:5th December 2004
Current balance:Account closed on 05/12/2004 No figure, does that meann it has cleared?
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:27th May 2003
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:Monthly
Worst Status:Up to date with payments

Account type:Communications Supplier
Last updated:19th June 2008
Current balance:Account closed on 19/06/2008
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:20th February 1999
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:Monthly
Worst Status:Up to date with payments

Account type:Mail Order Agency
Last updated:21st November 2005
Current balance:Account closed on 04/11/2005
Credit limit:£250.00
Opening balance:£0.00
Account start date:21st March 2005
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:Monthly
Worst Status:Up to date with payments

Account type:Mail Order
updated:29th June 2005
Current balance:Account closed on 27/05/2005 with an outstanding balance of £124.00
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:1st December 2004
Regular payment amount:Not Applicable
Number of repayments:Not ApplicableR
epayment frequency:Monthly
Worst Status:Default

Account type:Mail Order Agency
Last updated:2nd September 2008
Current balance:Account closed on 21/06/
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:24th November 2004
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:Monthly
Worst Status:Default

Account type:Mail Order Agency
Last updated:5th July 2009
Current balance:Account closed on 06/12/2004 with an outstanding balance of £549.00
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:22nd April 2002
Regular payment amount:Not Applicable
Number of repayments:Not ApplicableR
epayment frequency:Monthly
Worst Status:Default

Account type:Mail Order Agency
Last updated:12th January 2009
Current balance:Account closed on 06/12/2004 with an outstanding balance of £549.00
Credit limit:Not This is on twice (see above), does this affect my score? And can I have one removed?
Opening balance:£0.00
Account start date:22nd April 2002
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:Monthly
Worst Status:Default

Account type:Mail Order Agency
Last updated:29th January 2004
Current balance:Account closed on 12/12/2003
Credit limit:Not Applicable
Opening balance:£0.00
Account start date:3rd December 2001
Regular payment amount:Not Applicable
Number of repayments:Not Applicable
Repayment frequency:Monthly
Worst Status:Default

TBC

FedupofDebt_2

Crikey, that's enough reading to send anyone to sleep! I am so sorry for the war and peace threads, just sooo confused, am hoping there is somebody a lot more knowledgeable than myself on here...

Basically, the accounts showing as closed with no balances - should they be on there? I don't want to get chased for them in the future, so should I try and find out who owns them and pay them off?

The Accounts that have been closed with an amount owing - obviously I need to pay these off somehow...

All the accounts which are showing as £0 balance, I don't understand what these are...I thought I owed huge amounts of cash, but now I'm not sure I do (which can only be a good thing), but doesn't explain why my credit rating is appalling...I can't even get HP in Curry's for new appliances

I really appreciate any help anybody can give on this one, I know its a bit of a long one.....xx

DarkConvict

Reposting so this is keep under all the info.

---

The Lowell and Capquest accounts i believe are debt collectors from what i have read on these forums. Not sure if that helps you.

With regards to what is on your credit report. If it is correct, it will remain on their for 6 years, such as bankruptcy, defaults on missed payments, CCJ's etc.
I believe closed accounts stay for 6 years as well.

The balance may show as £0 if the account is still open i believe, but you could request these companies to close the account and update the record, by using the data controller register, you should be able to find the relevant contact addresses of creditors, and get them to look into their accounts and update the record on your credit file.

Possible letters to look at about removal/updating of Credit report/defaults.
http://www.consumeractiongroup.co.uk/resources/templates-library/49-challenge-a-default-on-a-disputed-account

FedupofDebt_2

Hi Dark Convict...
Thank you, I will have a look at that link tomorrow when i get to work ) Yeah, i've had a lot of correspondance from Lowell before, I think a lot of companies like to sell their debts onto them, which is nice! I think I need to try and find out or work out who owns the other debts (mainly from the Equifax report) and write/contact them to ask if they can update their records...unless anybody knows of any other way?

I had thought about contacting Experian etc directly, but am assuming they would have to check with the relevant company anyway?

Right, off to bed - night all

DarkConvict

You will need to contact the companies yourself to chase them up. Basically ask for an update on your account, ask how / where it stands etc.

As to the link, you will need to register for free. Not sure if they will help as im sure there is a letter around here somewhere about getting a creditor to update their record they have on you.

gilligansyle

Have just read your War and Peace stuff.

usually the £0 balances are if the card has been stolen or something similar. My credit file lists 30+ creditors but actually its a lot less, as I had my purse stolen twice so each time 4 cards were renewed. Also if any are passed to DCA's they will be listed more than once.
It often takes a while for satisfied balances to show, if you miss a month they put it on straight away, but pay up and they're not that quick!
Accounts closed with balances may well have been passed to DCA's.

MrsTinks

If something is closed or settled it remains on your file for I think it's 6 years - that means a default will stay on your account for 6 years from the default date. Paying it off will change it to "settled" which will help your score (although not much looking at them!)
The ones you don't think you have paid off but are showing as settled - chances are they have been sold to DCAs - if they are not statute barred they can and most likely WILL come bite you at some point...

You may not on the face of it owe huge sums of cash - but your credit file is appalling - I'm not suprised you can't get an HP agreement. The creditor would take ONE look and see you haven't been able to manage your finances and rightly determine you present a huge risk and refuse. As a point of comparison my Experian score is over 950 and I have been turned down for 0% cards before now with an income in excess of £35k and no late payments, defaults or adverse credit history in the last 10 years.

Accounts showing as outstanding balances that you have paid off you can ask them to correct, accounts you are quetioning are in fact yours you can request they contact the creditor and get them to confirm it's yours and if they can't then they can get taken off - details for the process is on each agency's FAQ ditto any showing on the same agency report twice.

If you want to start rebuilding your credit worthiness then start by paying off all the defaults and CCJs - then get a credit card (any will do!) and spend a little each month but PAY IT OFF!!! Preferably the second the balance shows... This will prove to creditors that you can manage money and manage repaying debts and it's this that they will be looking for in future.