We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
We're aware that some users are currently experiencing errors on the Forum. Our tech team is working to resolve the issue. Thanks for your patience.
I've ruined his credit rating, what can I do?
suzieq
Posts: 247 Forumite
in Credit cards
Have put this in DFW too.
Since I became pregnant with our daughter in 2004, I've 'looked after' (albeit not very well) the household finances. OH is worse than me, so if I'd let him do it, we'd probably be in a far worse state than we are now.
Anyway, I've been trying to shift a CC debt for him to another card, but the last 3 have come back declined. I've just ordered Credit Expert, and his credit rating that was previously 'excellent', is now poor, and looking through the report, it's all my fault. Things like not paying the odd Next acct payment on time, and not immediately setting up DDs for a new credit card, therefore making the first payment late, or whatever, but I've ruined his credit rating, and it's all down to late payments. _pale_
What can I do? Is there anything I can do? We're now paying something like 4.9% on an Amex LOB card, and god knows what rate on an RBOS. We've always been able to shift the debt to a 0% elsewhere, but that doesn't look possible now.
Can anyone help me? I'm such a dunce.
Since I became pregnant with our daughter in 2004, I've 'looked after' (albeit not very well) the household finances. OH is worse than me, so if I'd let him do it, we'd probably be in a far worse state than we are now.
Anyway, I've been trying to shift a CC debt for him to another card, but the last 3 have come back declined. I've just ordered Credit Expert, and his credit rating that was previously 'excellent', is now poor, and looking through the report, it's all my fault. Things like not paying the odd Next acct payment on time, and not immediately setting up DDs for a new credit card, therefore making the first payment late, or whatever, but I've ruined his credit rating, and it's all down to late payments. _pale_
What can I do? Is there anything I can do? We're now paying something like 4.9% on an Amex LOB card, and god knows what rate on an RBOS. We've always been able to shift the debt to a 0% elsewhere, but that doesn't look possible now.
Can anyone help me? I'm such a dunce.
If you have good thoughts, they'll shine out of your face like sunbeams & you'll always look lovely.
0
Comments
-
The only thing you can do is to start paying things on time, the late payments are only blemishes on his credit record and gradually they will disappear if you keep on top of things and the rating will increase. You would be better not asking for anymore credit for at least 6 months as every credit application has a negative effect on the rating, particularly if made close together.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards