Partner of a bankrupt - credit rating question

michael1983l

Blackhorse seem to have the best rating for a fair file on moneysupermarket. They also specialise in car finance I believe but if you can get it unsecured all the better. Good luck.

mrsmoneyworries

Hi just wanted to let you know that I went br in october 08, and hubby did not. Hubby has a good credit rating and has managed to swap car 3 times (dont ask) since then with no problems at all. He always gets finance.

He has also got new credit agreements etc for various other things.

Hope this helps a little

michael1983l

mrsmoneyworries wrote: »

Hi just wanted to let you know that I went br in october 08, and hubby did not. Hubby has a good credit rating and has managed to swap car 3 times (dont ask) since then with no problems at all. He always gets finance.

He has also got new credit agreements etc for various other things.

Hope this helps a little

Don't forget in the not so distant past credit was much easier to get. Given his credit score being fair, I would stick with applying for companies that are advertised as accepting fair credit files otherwise you could end up lowering his credit score by applying for accounts you were never going to be accepted for in the first place endangering your ability to take the ones you did qualify for.

jamesd

bitemebankers wrote: »

The later one was due to an old joint account we had with Abbey some years ago that, to be completely truthful, we'd forgotten about. It was meant to have been closed when we got rid of our mortgage with Abbey way back in about 01/02. But amongst other !!!!-ups (including the temporary loss of our title deeds) the account remained open. This wouldn't have been a problem if Abbey hadn't also tried (in error) to take a life assurance payment out of it, which bounced, triggering a sequence of unauthorised overdraft charges.

If you haven't already tried to have this removed from your credit record, you should. The account being left open was Abbey's error, as was the failed payment, so neither should really be on your credit report. A complaint to the credit reference agency with the facts is one way to go. They will relay that to Abbey who should deal with it. The basis of the request is maladministration and improper reporting by Abbey.

mrsmoneyworries

michael1983l wrote: »

Don't forget in the not so distant past credit was much easier to get. Given his credit score being fair, I would stick with applying for companies that are advertised as accepting fair credit files otherwise you could end up lowering his credit score by applying for accounts you were never going to be accepted for in the first place endangering your ability to take the ones you did qualify for.

Yes, I completely agree, however he has only changed the car for the 3rd time last month - like I said he does have a good credit history. . . Definitey not a good idea to keep applying with different lenders.

miss_spooky

Hi,

Just a quick note of credit forms.

Instead of paying through the nose for your report, why don't you just send out a £2.00 cheque to all three: Equifax, Experian & Call Credit.

Different financial institutions use different agencies so you will have to check all three.

bitemebankers

Given his credit score being fair, I would stick with applying for companies that are advertised as accepting fair credit files otherwise you could end up lowering his credit score by applying for accounts you were never going to be accepted for in the first place endangering your ability to take the ones you did qualify for.

That was my feeling on the situation too, Michael. The good news is, I've been approved by my own bank for a loan for the full amount. The interest rate is high (18%) but not ridiculous, and the repayments are well within what we can afford. I know it's a bit of a rip-off, but I'm still very pleased to have got it. I hoping that repaying this loan will help repaid my credit rating going forward.

If you haven't already tried to have this removed from your credit record, you should.

Hell yes, James! To be honest with you, I've been a bit lazy getting this fixed because, for the last few years, I've not been trying to apply for any credit, so it wasn't a priority. However, now it is starting to have an adverse effect, I fully intend to take Abbey to task over it. My wife has already written them an uncompromising letter, and we're ready to escalate the complaint if necessary.

I would add, I'm no stranger to doing battle with the banks, having successfully reclaimed over a grand in charges from MBNA, with reclaim for a further grand or so against my regular bank pending the FSA/High Court messing about. And it's ALL thanks to MSE - you guys rock!