credit checking agencies

wakojako1985

Hi all,

Tonight [EMAIL="i@ve"]i've[/EMAIL] mustered up the courage to have a peek at my credit score/rating and see if there is anything i can do to start making it better.

Im now 25 and at the age of 18 i went a little stupid with credit that i had been given access to. I had a egg loan of 7k an cc with hsbc 1k and a few other little bits and bobs that if im being honest with you all now i really cant remember what they was.

Now i know my situation is bad and i know i should not of left this for so long without sorting it out. Egg and the 7k loan i had i have not had a letter or any sort of contact for at least 5 years, I only paid two payments on the loan and nothing after.

So what is the best credit checking agency or free one to let me see how bad my report is?

Im a little worried that it is going to be extremly confusing to understand so any advice on this will be brilliant.

many thanks for taking your time in reading this post.

wakojako

WRINKLES

If you ask for a credit report , you will alert your creditors , they will be sending you letters straight away , if you have no contact with a creditor for six years , and you have not acknowleged a debt , and there are no county court jugments then the debt is statute barred , this means they can no longer enforce the debt through the courts , its up to you what you do , i would wait untill i was sure six years had elapsed then have a look at my report.

wakojako1985

So if the egg loan goes 6 years without contact then it just gets wiped? is there any way that i could build up my credit score in the short term without letting my older creditiors know?

many thanks for the reply

WRINKLES

No debt can be wiped you still owe the money , but they can not enforce it through the court s , providing there is no ccj.

DarkConvict

After 6 years in England, they cannot obtain a court order to force you to pay. It is still owed, but if you state you will not pay they cannot ask. To you personally it is wiped.

In Scotland, after 5 years, they cannot obtain a court order, because the debt is legally extinguished. It is actually not owed by you any more.

In order for a creditor to prevent this, they only need to get a CCJ (Decree in Scotland), at there last known address they have on record for you.

And indeed, getting your credit files, applying for certain jobs, applications, anything with a reference to a credit check. All mean you supply your address. Your address gets added to your file and it is not uncommon for this to be flagged as an update to a creditor watching your file.
After asking for a copy of the credit file, it is not uncommon for debt collectors to make contact within 4 weeks. But is is all down to chance to see if they are looking for you or not.

wakojako1985

thanks for your reply darkconvict,

The address that i originaly had the credit at was my parents house and they still live there and thats where my bank satatement goes to etc, if i do a credit check from where my original debt came from (where my parents still live) will this make any difference to the standard letters that come once in a blue moon?? like i said egg or anyone representing them have not been in contact with me for 5-6 years clear, could they have just got rid of my file as bad debt?

Many thanks once again!!

DarkConvict

They need to write letters addressed to you, and the letter should not indicate the contents.

However debt collectors can be persistent with their phone calls, to home, work, mobile and even neighbours. Most of which is pure harassment which you can fight back against and force removal of your telephone number from there system.
If you do a credit check they will ask for the last 6 years of addresses in order to ensure all the details are included on your report. In doing that you link up the addresses together.

Its still hit/miss to if you get chased. I've heard of people on here who have had jobs, check credit reports etc, with there "bad" addresses and still didn't get chased. But equally heard of those that after 2 weeks of getting a credit report the debt collector letters arrived.