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Improving credit rating


jojo2079
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I have recently a number of loans (some aged and some more recent) by either settling the full amount or agreeing a reduced figure but my credit rating doesn't seem to have improved much.

 

The only debt I now have is a credit card which I pay regularly and also my overdraft.

 

However my credit rating is only showing as a Fair rating of 747. I have checked my experian report and there is nothing on there that is negative so I thought my rating would be higher than this.

 

Is there anything else I can do to improve my rating as I am wanting to apply for a joint mortgage with my husband in the very near future?

 

Thank you

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Have you had any payday loans ?

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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PayDay loans will apparently affect credit ratings - even if you havent defaulted on them. As they are traditionally being used by people with poor credit ratings then it kind of raises a red flag. There has been quite a lot of media coverage regarding the use of PDLs and the damage it will do to peoples credit files :(

 

TBH, I do not know if your rating is good or bad. I will try and find someone who will have more knowledge :)

Have we helped you ...?         Please Donate button to the Consumer Action Group

Uploading documents to CAG ** Instructions **

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy - HERE

2: Take back control of your finances - Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors? Read Here

4: Staying Calm About Debt  Read Here

5: Forum rules - These have been updated - Please Read

BCOBS

1: How can BCOBS protect you from your Banks unfair treatment

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Citizen B is correct PDLs will seriously affect credit ''score'' and lenders will not want to see severall or frequent PPDL applications, credit searches will show even if the loan is declined.

 

The major factor in your case is only one live live account and on settled account meaning the potential lenders have very little date to judge and app on.

 

Midway on Fair imo is about right, please be aware that the credit ''score'' is a day to day indication of how a creditor may view an application this ''score'' is for your eyes only.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

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Nemo Mortalium Omnibus Horis Sapit: Animo et Fide:

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