Credit score question

LunaD

I paid Experian and it doesn’t show all my debts. I have a few with a debt collection agency that I pay monthly but weirdly they aren’t showing in my credit score as accounts I owe. All I had was my mortgage, 1 CCJ which I’ve now paid off and a credit card I pay which has a low amount on it. Does this mean the debit collection debts aren’t affecting my credit score? They weren’t showing anywhere on my account or my husbands credit score. I’m puzzled.

Can anyone help? 

p3ncilsharpener

Your score doesn't matter, lenders don't see it.

Anything not on your file has no effect on it.

LunaD

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

p3ncilsharpener

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

[Deleted User]

Again - your score is only seen by you, nobody judges you on lending based on that score as they never see it

Lenders report to different CRAs whether Experian, Equifax or TransUnion

Lenders also understand the majority of people are not financially savvy and only understand simple things e.g. telling you it's because of your score (they don't see it so they don't know) or selling a car with "low road tax" despite such a thing not existing since the 1930s.

Stop paying Experian

Check your file (not score) for free at MSE Credit Club, Credit Karma, Clear Score. Work on rebuilding credit - a credit builder card used monthly and paid in full, a contract SIM only mobile deal that sort of thing. Keep doing that for a couple of years and you'll be fine when your defaults etc drop off

LunaD

p3ncilsharpener said:

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

Ok so when I apply for credit if any nature say a loan on a sofa with DFS (example I’m not buying a sofa lol) and they reject me based on a credit search, what is it that goes against me? Do they not check my credit score with Experian? 

What’s showing on my credit score are they the things I need to rectify?Are these the things making any kind of credit application say no?  I have the CCJ but that’s now paid off, does that take time to clear off my credit before it stops going against me?

It was showing my score as 709/999 on Experian.  I had 1 default showing which I think is wrong as I’ve been paying it direct debit monthly, that’s with w debt collection agency. My old CCJ and credit card I pay every month. 

That’s all I had on there. Do any debts I have with debt collection agencies not go against me getting credit if they don’t show on Experian? I have a few and none of them are showing on my credit file on Experian.

Sorry for all the questions, I’m just confused. I want to have a better credit rating for my future. 

p3ncilsharpener

LunaD said:

p3ncilsharpener said:

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

Ok so when I apply for credit if any nature say a loan on a sofa with DFS (example I’m not buying a sofa lol) and they reject me based on a credit search, what is it that goes against me? Do they not check my credit score with Experian? 

What’s showing on my credit score are they the things I need to rectify?Are these the things making any kind of credit application say no?  I have the CCJ but that’s now paid off, does that take time to clear off my credit before it stops going against me?

It was showing my score as 709/999 on Experian.  I had 1 default showing which I think is wrong as I’ve been paying it direct debit monthly, that’s with w debt collection agency. My old CCJ and credit card I pay every month. 

That’s all I had on there. Do any debts I have with debt collection agencies not go against me getting credit if they don’t show on Experian? I have a few and none of them are showing on my credit file on Experian.

Sorry for all the questions, I’m just confused. I want to have a better credit rating for my future. 

When someone does a search the search itself is recorded.  One or two in a 6 months period are fine, any more and you're asking for trouble.  You may be seen as desperate if you're applying for credit left and right.

Nobody can say for certain without seeing your credit file what you need to do but based on what you've said.

1) That CCJ will be there for 6 years from when it was issued and it'll be a major barrier to mainstream credit until it drops off your file.

2)  Once an account defaults it'll never be "undefaulted" even if you start paying it.  As it's with a DCA then it sounds like the default status is correct.  Like the CCJ that will also be a barrier but perhaps not as significant to mainstream lending.

3)  As already said, if it's not on your credit file nobody knows of its existence (other than the people who currently hold the account I suppose.)  

Other than making sure your existing debts are paid on time, you'll just have to wait until that CCJ and the default disappear.  Lenders don't like them in general, and there's no way to remove them (if they're correct) before the 6 years is up.

LunaD

p3ncilsharpener said:

LunaD said:

p3ncilsharpener said:

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

Ok so when I apply for credit if any nature say a loan on a sofa with DFS (example I’m not buying a sofa lol) and they reject me based on a credit search, what is it that goes against me? Do they not check my credit score with Experian? 

What’s showing on my credit score are they the things I need to rectify?Are these the things making any kind of credit application say no?  I have the CCJ but that’s now paid off, does that take time to clear off my credit before it stops going against me?

It was showing my score as 709/999 on Experian.  I had 1 default showing which I think is wrong as I’ve been paying it direct debit monthly, that’s with w debt collection agency. My old CCJ and credit card I pay every month. 

That’s all I had on there. Do any debts I have with debt collection agencies not go against me getting credit if they don’t show on Experian? I have a few and none of them are showing on my credit file on Experian.

Sorry for all the questions, I’m just confused. I want to have a better credit rating for my future. 

When someone does a search the search itself is recorded.  One or two in a 6 months period are fine, any more and you're asking for trouble.  You may be seen as desperate if you're applying for credit left and right.

Nobody can say for certain without seeing your credit file what you need to do but based on what you've said.

1) That CCJ will be there for 6 years from when it was issued and it'll be a major barrier to mainstream credit until it drops off your file.

2)  Once an account defaults it'll never be "undefaulted" even if you start paying it.  As it's with a DCA then it sounds like the default status is correct.  Like the CCJ that will also be a barrier but perhaps not as significant to mainstream lending.

3)  As already said, if it's not on your credit file nobody knows of its existence (other than the people who currently hold the account I suppose.)  

Other than making sure your existing debts are paid on time, you'll just have to wait until that CCJ and the default disappear.  Lenders don't like them in general, and there's no way to remove them (if they're correct) before the 6 years is up.

Thank you so much.

So the CCJ does it disappear after the debt has been repaid? And then it takes 6 years to clear? Or 6 years from when it commenced?

If the default doesn’t ever go off your file, will that always go against me? 

p3ncilsharpener

LunaD said:

p3ncilsharpener said:

LunaD said:

p3ncilsharpener said:

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

Ok so when I apply for credit if any nature say a loan on a sofa with DFS (example I’m not buying a sofa lol) and they reject me based on a credit search, what is it that goes against me? Do they not check my credit score with Experian? 

What’s showing on my credit score are they the things I need to rectify?Are these the things making any kind of credit application say no?  I have the CCJ but that’s now paid off, does that take time to clear off my credit before it stops going against me?

It was showing my score as 709/999 on Experian.  I had 1 default showing which I think is wrong as I’ve been paying it direct debit monthly, that’s with w debt collection agency. My old CCJ and credit card I pay every month. 

That’s all I had on there. Do any debts I have with debt collection agencies not go against me getting credit if they don’t show on Experian? I have a few and none of them are showing on my credit file on Experian.

Sorry for all the questions, I’m just confused. I want to have a better credit rating for my future. 

When someone does a search the search itself is recorded.  One or two in a 6 months period are fine, any more and you're asking for trouble.  You may be seen as desperate if you're applying for credit left and right.

Nobody can say for certain without seeing your credit file what you need to do but based on what you've said.

1) That CCJ will be there for 6 years from when it was issued and it'll be a major barrier to mainstream credit until it drops off your file.

2)  Once an account defaults it'll never be "undefaulted" even if you start paying it.  As it's with a DCA then it sounds like the default status is correct.  Like the CCJ that will also be a barrier but perhaps not as significant to mainstream lending.

3)  As already said, if it's not on your credit file nobody knows of its existence (other than the people who currently hold the account I suppose.)  

Other than making sure your existing debts are paid on time, you'll just have to wait until that CCJ and the default disappear.  Lenders don't like them in general, and there's no way to remove them (if they're correct) before the 6 years is up.

Thank you so much.

So the CCJ does it disappear after the debt has been repaid? And then it takes 6 years to clear? Or 6 years from when it commenced?

If the default doesn’t ever go off your file, will that always go against me? 

The CCJ will drop off your file 6 years from when it was granted against you.

LunaD

p3ncilsharpener said:

LunaD said:

p3ncilsharpener said:

LunaD said:

p3ncilsharpener said:

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

Ok so when I apply for credit if any nature say a loan on a sofa with DFS (example I’m not buying a sofa lol) and they reject me based on a credit search, what is it that goes against me? Do they not check my credit score with Experian? 

What’s showing on my credit score are they the things I need to rectify?Are these the things making any kind of credit application say no?  I have the CCJ but that’s now paid off, does that take time to clear off my credit before it stops going against me?

It was showing my score as 709/999 on Experian.  I had 1 default showing which I think is wrong as I’ve been paying it direct debit monthly, that’s with w debt collection agency. My old CCJ and credit card I pay every month. 

That’s all I had on there. Do any debts I have with debt collection agencies not go against me getting credit if they don’t show on Experian? I have a few and none of them are showing on my credit file on Experian.

Sorry for all the questions, I’m just confused. I want to have a better credit rating for my future. 

When someone does a search the search itself is recorded.  One or two in a 6 months period are fine, any more and you're asking for trouble.  You may be seen as desperate if you're applying for credit left and right.

Nobody can say for certain without seeing your credit file what you need to do but based on what you've said.

1) That CCJ will be there for 6 years from when it was issued and it'll be a major barrier to mainstream credit until it drops off your file.

2)  Once an account defaults it'll never be "undefaulted" even if you start paying it.  As it's with a DCA then it sounds like the default status is correct.  Like the CCJ that will also be a barrier but perhaps not as significant to mainstream lending.

3)  As already said, if it's not on your credit file nobody knows of its existence (other than the people who currently hold the account I suppose.)  

Other than making sure your existing debts are paid on time, you'll just have to wait until that CCJ and the default disappear.  Lenders don't like them in general, and there's no way to remove them (if they're correct) before the 6 years is up.

Thank you so much.

So the CCJ does it disappear after the debt has been repaid? And then it takes 6 years to clear? Or 6 years from when it commenced?

If the default doesn’t ever go off your file, will that always go against me? 

The CCJ will drop off your file 6 years from when it was granted against you.

Even if the CCJ is paid before the 6 years? Or not paid in that 6 years it’ll still drop off? 

The default was just 1 month back in 2018. Will that default never go?

I’m guessing it’s that 1 default and my Ccjs making my credit low. 

Thank you for helping  me to understand this better.  I find it so confusing.

p3ncilsharpener

LunaD said:

p3ncilsharpener said:

LunaD said:

p3ncilsharpener said:

LunaD said:

p3ncilsharpener said:

LunaD said:

Ok so only the things I can see on the file affect it?

I can’t get credit as they say I’ve a poor credit score, they check Experian and equifax apparently so they must use your credit score? I find it so confusing. 

Thank you. 

If "they" are a lender then they're referring to how they've scored you using their own internal criteria, not how the CRAs have scored you (which they don't care about.)

You have a CCJ. Satisfied or not that's a kiss of death for most lenders.  Look at the subprime market (Aqua, Vanquis etc)

Ok so when I apply for credit if any nature say a loan on a sofa with DFS (example I’m not buying a sofa lol) and they reject me based on a credit search, what is it that goes against me? Do they not check my credit score with Experian? 

What’s showing on my credit score are they the things I need to rectify?Are these the things making any kind of credit application say no?  I have the CCJ but that’s now paid off, does that take time to clear off my credit before it stops going against me?

It was showing my score as 709/999 on Experian.  I had 1 default showing which I think is wrong as I’ve been paying it direct debit monthly, that’s with w debt collection agency. My old CCJ and credit card I pay every month. 

That’s all I had on there. Do any debts I have with debt collection agencies not go against me getting credit if they don’t show on Experian? I have a few and none of them are showing on my credit file on Experian.

Sorry for all the questions, I’m just confused. I want to have a better credit rating for my future. 

When someone does a search the search itself is recorded.  One or two in a 6 months period are fine, any more and you're asking for trouble.  You may be seen as desperate if you're applying for credit left and right.

Nobody can say for certain without seeing your credit file what you need to do but based on what you've said.

1) That CCJ will be there for 6 years from when it was issued and it'll be a major barrier to mainstream credit until it drops off your file.

2)  Once an account defaults it'll never be "undefaulted" even if you start paying it.  As it's with a DCA then it sounds like the default status is correct.  Like the CCJ that will also be a barrier but perhaps not as significant to mainstream lending.

3)  As already said, if it's not on your credit file nobody knows of its existence (other than the people who currently hold the account I suppose.)  

Other than making sure your existing debts are paid on time, you'll just have to wait until that CCJ and the default disappear.  Lenders don't like them in general, and there's no way to remove them (if they're correct) before the 6 years is up.

Thank you so much.

So the CCJ does it disappear after the debt has been repaid? And then it takes 6 years to clear? Or 6 years from when it commenced?

If the default doesn’t ever go off your file, will that always go against me? 

The CCJ will drop off your file 6 years from when it was granted against you.

Even if the CCJ is paid before the 6 years? Or not paid in that 6 years it’ll still drop off? 

The default was just 1 month back in 2018. Will that default never go?

I’m guessing it’s that 1 default and my Ccjs making my credit low. 

Thank you for helping  me to understand this better.  I find it so confusing.

Paying has no impact on when a CCJ or a default will drop off.  A CCJ will drop off 6 years from when it's granted.  A default will drop off 6 years from the default date.