Credit advice needed

1aleem

I was wondering if there was any way possible of improving the credit situation I am in. I
I had a CCJ back in 2002 which has been paid off. but still I have a rating of poor with a score of 636.
I was told as long as I make small payments on time my credit score will improve, but I don't think this is happening.

Any suggestions?

Also my mother wants to purchase a second mortgage, which she eventually wants to transfer to me, I'm worried that the mortgage company might stop this from happening. Is this a cause for concern?

nrsql

A CCJ stays on your record for 6 years.
Was looking for confirmation of this and found
http://www.homeworking.com/library/debt/11.htm

which looks interesting but probably not useful.

1aleem

So am I right in assuming that the CCJ is the major reason for my poor rating and it will improve once it has been erased?

BONJOEY

where did you get your score from? is that an experian score?

is your score poor, or fair?

you can add a notice of corection to your credit report, such as explaing why you got the ccj, and how you feel that it is affecting your credit, credit lenders will see this everytime they search your file, it might help.

1aleem

BONJOEY wrote:

where did you get your score from? is that an experian score?

is your score poor, or fair?

It was a rating of poor and it was from Experian.

ontheup_3

your rating is higher than mine with experian and i just got a current account and a credit card lol

and i have no ccj's or defaults

gonna try for either a virgin or Co-operative Clear Credit Card

god knows wether ill get them but my score has said i have a poor part for having only 2 searches so i gonna try to get a few more searches lmao

BONJOEY

you can improve the poor, to fair, if you can obtain credit and maintain payments, such as a capital one card, just spend on it every month, even if it is only 10 pound and pay it off in full every month, this will improve your credit score xx

mariaq

can anyone give me some advice, im currently on a debt managment plan because of getting into debt with the dreaded credit cards 14224 i have been on this plan for about 18 months, i was wondering should i remortgage for an extra 10000 and offer full and final settlement, as my credit rating is almost certainly bashed does anyone know of a good reputable lenders

BONJOEY

how much do you pay a month to these debt collectors, and is it intrest free?
how long is the estimated time to pay it all back?

aakayb

Good luck 1aleem

1aleem

BONJOEY wrote:

you can improve the poor, to fair, if you can obtain credit and maintain payments, such as a capital one card, just spend on it every month, even if it is only 10 pound and pay it off in full every month, this will improve your credit score xx

Ok, I already have one cancelled Barclaycard and I'm making small payments on its outstanding balance, are you saying apply for another Credit on top of this?