equifax score 288 experian score 808! How?

[cjhooker]

Hi

I have a default from a lloyds TSB overdraft and Loan from 2006. In 2006 Allied Finance took over the handling of the debt on behalf of lloyds, I pay £40 per month towards the debt. I had a number of disputes with lloyds regarding my loan and overdraft which I refered to an ombudsman, during this time I stopped paying my loan and overdraft, the ombudsman dismissed most of my disputes apart from the misselling of loan insurance which lloyds payed back, whilst the case was with the ombudsman and still in dispute lloyds passed my debt on to allied. I havent had any correspondence with lloyds for years.

can any one please tell me:

Will the default ever come off my report if there is still an outstanding balance?

Were Lloyds right to pass on the debt even though it was in dispute?

can the add another default whenever they want?

my score with equifax is 288 because of this, Is it worth going bankrupt?

 

thankyou

[cjhooker]

Don't get this - my score on equifax is 288 'very Poor' yet experian is 808 'fair' how can they be so different??

do they really read things differently or has one of them got it wrong?

[boswell]

From what i understand you can only remove Defaults by applying to the OC and asking them to remove if the debt is satisfied, unlike a CCJ which drops off after 6 years.

 

Hope this link helps,

 

http://www.learnmoney.co.uk/credit-file/remove_default_notice.html

[cjhooker]

Don't get this - my score on equifax is 288 'very Poor' yet experian is 808 'fair' how can they be so different??

do they really read things differently or has one of them got it wrong?

I have two defaults dating from 2006 a lloyds bank overdraft and a lloyds loan, both now being handled by allied finance on behalf of lloyds. I pay £40 per month. the two defaults are my only negatives on my credit check.

does 288 (equifax score) seem very low? for these defaults?

 

thankyou for looking and your help.

[boswell]

Don't get this - my score on equifax is 288 'very Poor' yet experian is 808 'fair' how can they be so different??

do they really read things differently or has one of them got it wrong?

 

Strange, i thought they all had the same info but thats a big diff.

[boswell]

Mind you, i dont know what the score would be to be considered OK for Credit.

Very Poor - 288.

Fair - 808

Good - ???, anyones guess, i suppose its how they read it as well.

[IdaInFife]

do these default show up on the both the CRA's files?

[IdaInFife]

threads merged

 

please stick to the one thread for the same question

[danukindebt]

Choose lenders who only use experian

 

http://www.moneysavingexpert.com/cards/credit-reference

 

I would guess your defaults have not been reported to experian

 

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[cjhooker]

Yes defaults are on both, however Equifax seem to suggest that i am still missing payments each month, which is wrong I pay an agreed amount.

[cjhooker]

I have contacted equifax and asked them to correct my history, I have not yet had a response do they have a legal duty to make sure all my information is correct?

[cjhooker]

Just an update, I spoke to a woman from equifax, she said they do not give out the ;scores to anyone. companies doing a credit check only see the credit history. so in theory equifax and experian are exactly the same?

[poochball]

It is important to note that the Scores the Credit Reference Agencies Provide are only an indication. When a lender performs a credit check they will build their own score based on the information on your file along with their own risk assesment and prior experience.

 

In terms of your files, if Equifax is showing missed payments rather than say an arrangement to pay flag then I would look to get this corrected.

 

Equifax will have most likely contacted the person responsible for the data and this can take a little time. I am assuming you are using their dispute service online? If so I have used it previously and it can take a little while for things to happen.

 

Just out of interest is there any other adverse data on the Equifax File that might not be on the Experian File?

[247orbital]

I've found so far Equifax are good and understanding to deal with, however Experian haven't even replied to my letters to date. I have given them until mid March after that I'm unsure of what route to take, ICO?

[cjhooker]

Hi poochball, both equifax and experian have exactly the same information, the woman from equifax said a deafult will continue to show as missed payments until the default is paid in full.