Credit score and remove default

Clouderash

Hi there,
I am just about to pay off a final debt with Lloyds, and this has a default on it.
Is there anyway once I settle I can ask them to remove the default?

Also, is there a way to improve my credit score (was good, then went to poor in 2 months?).

I was thinking to get a credit card and keep paying it off as I heard that helps, does anyone know?

Also on Experian, what score do I need to make my rating 'good' again?

Thanks for help in advance.

You-kip

1. Lenders don't give a monkeys what score Experian have scored you it's their way of making a few quid and in no way any indication of your credit worthiness 'also lenders don't see your silly score either.

2. Your default won't get removed until the 6 years from when it first Thought mine was £42 a month but checked on My3 account and it's £41.
appeared on your report whether it's paid or not.

Clouderash

1. ok - so they will still do a credit check on me right? A lender told em they use Experian - so what are they measuring?

nicp60

They're checking the data on your file - late payments, payment history, CCJs etc. They want to know how you have handled credit in the past.

Who will do this credit check? Lloyds shouldn't do it if you're just paying them off.

The default will stay on there for 6 years after the date of the default (not that last payment).

jeystone

Clouderash wrote: »

Hi there,
I am just about to pay off a final debt with Lloyds, and this has a default on it.
Is there anyway once I settle I can ask them to remove the default?

Also, is there a way to improve my credit score (was good, then went to poor in 2 months?).

I was thinking to get a credit card and keep paying it off as I heard that helps, does anyone know?

Also on Experian, what score do I need to make my rating 'good' again?

Thanks for help in advance.

There have been some rare instances where people have had defaults removed, after settling the debt..depends on the lender..chances of this happening are slim though, only the lender can convince the stubborn CRA

You-kip

You-kip wrote: »

1. Lenders don't give a monkeys what score Experian have scored you it's their way of making a few quid and in no way any indication of your credit worthiness 'also lenders don't see your silly score either.

2. Your default won't get removed until the 6 years from when it first Thought mine was £42 a month but checked on My3 account and it's £41.
appeared on your report whether it's paid or not.

I must of copied & pasted something on the mobile phone section to come out with this crud.

Experian_company_representative

Stubborn CRA? The lenders own the data so we would always carry out their instructions re amending and deleting it.

Most lenders get scores from the CRAs, but the score you can get just rates your credit report. The scores lenders use are more wide ranging and take account of things like your personal circumstances such as job and income.

James

jeystone

Experian_company_representative wrote: »

Stubborn CRA? The lenders own the data so we would always carry out their instructions re amending and deleting it.

Most lenders get scores from the CRAs, but the score you can get just rates your credit report. The scores lenders use are more wide ranging and take account of things like your personal circumstances such as job and income.

James

There are instances where the lender is wrong/sending inaccurate data...you never even consider this possibility?