Experian Report as clear as mud (and no score)

Experian_company_representative

Justwokeup wrote: »

Hi all,

I have just checked my experian statutory report (which annoyingly shows no score), and seen that my bank account is on there, and my last mobile phone contract, and that's it! I have a loan with the open uni, a current phone contract, as well as insurance and broadband contracts that are nowhere to be seen! Is this a bad thing? How can I get them to show on experian? They are not on noddle either.

Also, I have 3 (late payment?) markers on my overdraft from December, one 2, and 2 1's. How long will these take to disappear off my report?

Also, Noddle suddenly dropped from 3/5 to 1/5. This was in November, so before these overdraft markers went on. Other than these I can see nothing on experian or noddle which would explain my bad credit before this point. Is it simply that I don't have enough credit? I don't have any credit cards etc (never been accepted - haven't applied in over 2 years).

I want to apply for a mortgage in 2 years. Do I stand any chance with my report standing as it does?

I'm loathe to pay any more money out, but I am yet to see my Equifax report. Is there a free way of doing this?

Thanks

Hi Justwokeup,

The £2.00 statutory report doesn't have a score attached, but it will have all the information we hold in your name at the addresses you have supplied.

Some companies don't supply information to credit reference agencies, and we don't hold information relating to insurance policies.

The status history on active accounts is updated every month, so the status markers of 1 and 2 on your current account will have most impact while they are recent. Once your account is back up to date and these status entries are older they will have less of an impact. Although they will still be visible on your report in two years time, as long as the account has been up to date since they should not prevent you from getting a mortgage.

Regards
Neil

Justwokeup

Thank you Neil that's good to know.

@Downhill technically I don't know for sure if I would be accepted or not, but I tried 6 months ago and was declined (with nationwide who approved me in principle first). It was only around this time that they offered me an overdraft (after banking with them for 5 years) for the first time too. I had also applied for a card and a loan about 3 years prior to this and got declined. I'm not sure just how much these applications damage your record so I didn't plan on applying for any kind of credit at all now for these two years.

downhillfast

There are credits cards available for people with bad credit history that you may well be accepted for and putting a couple of payments on it each month and then paying off in full would help build up your credit history and show you can run an account properly etc. if you have a look in the credit card area on the website there is a whole section on it and even a pre-application checker to see if you would likely be accepted - this search doesn't damage your credit rating as only you can see it.

Wait until you are on the electoral roll until you apply though as this carries a lot of weight!

dotdash79

Pay down your over draft, but leave a buffer.

Speak to your bank and ask nicely for them to remove the markers, you might need to write to them.

Get on the electoral roll, then look for a credit builder card.