comment by Gingernuts (U2992)
posted 50 seconds ago
comment by Martial FC (U11781)
posted 26 seconds ago
comment by Gingernuts (U2992)
posted 1 minute ago
Generally there should be procedures in place to stop any company effectively placing a sentence on someone which can have such damaging affects over very paltry amounts at their whim.
I do get it when you talk about people defaulting on payment plans, loans, credit and the like but for a pathetic amount like this it seems way over the top that someone presses a few buttons and hey ho you can’t buy a house despite proving affordability over a £4 debt that was settled.
Quite ridiculous.
----------------------------------------------------------------------
Exactly, especially when it’s already facking hard as it is for the young like me to try and get on the property ladder.
----------------------------------------------------------------------
I’m certain that there must be something you can do.
I just don’t know what though
Seems absurd and any sensible lender would hopefully view it as such.
----------------------------------------------------------------------
A good broker should be able to get around it to be fair, they have ways and means of getting mortgages pushed through via other connections usually.
Maybe try another one or two mortgage advisers for a free consultation and tell them the situation, if they only have an 'in' with the main high st banks just go elsewhere.
Thankfully we don’t have a mortgage and i think the best thing we ever did was give each of our kids 30-40% (dependent upon house price) of their first house purchases as gifts and helped them get 5 year fixed rate mortgages so they knew exactly where they were for a good time period.
I think this generation is probably the last that will be able to afford to do things like that sad to say.
They know you are a total nonce.
Pretty sure a lot of nonces were eligible for mortgages
comment by Super Ed (U22147)
posted 24 minutes ago
comment by What would Stuart Pearce do? Better than Gozer the Gozerian (U3126)
posted 2 minutes ago
comment by Super Ed (U22147)
posted 1 minute ago
comment by What would Stuart Pearce do? Better than Gozer the Gozerian (U3126)
posted 47 seconds ago
Martial
If still in dispute get a Notice of Correction placed on your credit record:
https://equifaxuk.custhelp.com/app/answers/detail/a_id/656/~/what-is-a-notice-of-correction%3F
----------------------------------------------------------------------
It wanst a mistake though.
-------------------------------------------------------------------
---
Doesn't need to be. It's simply a notice that the consumer disputes the CRA record.
----------------------------------------------------------------------
No matter the legitimacy of the dispute ?
----------------------------------------------------------------------
Yip, I see them all the time when customer's are disputing negative bureau info, yet they've CCJ's (court judgements) against them
Credit scores are a joke and can get flucked. Mine is down 25 points from last month for no reason at all (credit cards paid off on time, registered to vote etc). I logged on to MSE the other day expecting to see another rise however small but nope around the low 700's which puts me down a level on the bad to excellent ratings.
I've been doing everything possible MSE/Experian say to but whenever I get to around 740-750 it always seems to drop. I have another score update due tomorrow from Experian themselves so will report back once it has updated.
My score dropped for 6+ consecutive months when I opened a ISA a couple of years ago so although I do what I can to increase my score in reality I think it's complete nonsense.
Agree with others about contacting Very to have them remove the black mark against you asap. I had the same with Orange years ago over a £12 final bill when they had told me there was nothing left to pay. It isn't worth the hassle trying to fight it.
Comment deleted by Site Moderator
If the system made sense then one of the most important factors/pieces of evidence should be rent payments.
Some people have 10 years worth of on time, every time rent payments yet they need to get a credit card, go in and out of debt for a year just to get a high credit score required for a mortgage
Comment deleted by Site Moderator
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 4 minutes ago
comment by Gingernuts (U2992)
posted 38 minutes ago
Thankfully we don’t have a mortgage and i think the best thing we ever did was give each of our kids 30-40% (dependent upon house price) of their first house purchases as gifts and helped them get 5 year fixed rate mortgages so they knew exactly where they were for a good time period.
I think this generation is probably the last that will be able to afford to do things like that sad to say.
----------------------------------------------------------------------
Yep. All I'm doing for our 3 (they're all still very much kids) is making sure they each have enough for a deposit.
----------------------------------------------------------------------
Don't tell them that though, until they're ready to buy or have saved what they can themselves.
comment by Mike (U1170)
posted 13 minutes ago
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 4 minutes ago
comment by Gingernuts (U2992)
posted 38 minutes ago
Thankfully we don’t have a mortgage and i think the best thing we ever did was give each of our kids 30-40% (dependent upon house price) of their first house purchases as gifts and helped them get 5 year fixed rate mortgages so they knew exactly where they were for a good time period.
I think this generation is probably the last that will be able to afford to do things like that sad to say.
----------------------------------------------------------------------
Yep. All I'm doing for our 3 (they're all still very much kids) is making sure they each have enough for a deposit.
----------------------------------------------------------------------
Don't tell them that though, until they're ready to buy or have saved what they can themselves.
----------------------------------------------------------------------
Yep.
That’s what we did and waited until they had put their hearts into a specific house.
Problem is once you do the first one the others know what to expect
Has anyone seen how they calculate the credit scores in China? Big Brother gone insane.
Comment deleted by Site Moderator
comment by 1 Father - 1 Love - 6 European Cups (U13312)
posted 2 minutes ago
Has anyone seen how they calculate the credit scores in China? Big Brother gone insane.
----------------------------------------------------------------------
https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4?r=US&IR=T#a-prototype-blacklist-already-exists-and-has-been-used-to-punish-people-8
I would like to go on record as welcoming our future overlords.
comment by RJC (U17308)
posted 5 minutes ago
comment by 1 Father - 1 Love - 6 European Cups (U13312)
posted 2 minutes ago
Has anyone seen how they calculate the credit scores in China? Big Brother gone insane.
----------------------------------------------------------------------
https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4?r=US&IR=T#a-prototype-blacklist-already-exists-and-has-been-used-to-punish-people-8
I would like to go on record as welcoming our future overlords.
----------------------------------------------------------------------
That is absolutely facking mental.
Haven't read all the replies OP but banks don't use credit ratings.
It will simply be that you have a black mark against your name because of this one transaction.
Sign up for Experian and get your credit report to see exactly what it says.
Then take it up with the provider to push for it to be removed.
Not easy but you'll get there - try not to panic.
Comment deleted by Site Moderator
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 39 seconds ago
comment by Winston (U16525)
posted 5 minutes ago
Haven't read all the replies OP but banks don't use credit ratings.
It will simply be that you have a black mark against your name because of this one transaction.
Sign up for Experian and get your credit report to see exactly what it says.
Then take it up with the provider to push for it to be removed.
Not easy but you'll get there - try not to panic.
----------------------------------------------------------------------
Pretty sure all lenders look at credit reports.
----------------------------------------------------------------------
Try reading what I actually wrote.
If not clear - for rating, also see credit score.
Comment deleted by Site Moderator
Greatteamswinit4times- a terrible enemy (U6008)
Me dragging an article down? You're the one who joins them with the sole intention of being abusive, not me.
To answer your point, a lender will score / rate you.
My point is that they don't use credit scores from companies like Experian. There's no standard credit score that everyone logs in and sees - each company have their own criteria.
Experian/Equifax reports are useful because they show the detail that banks will be accessing but the actual score i.e. 999 or whatever, is not worth focusing on.
Comment deleted by Site Moderator
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 19 seconds ago
Many UK lenders use one of the main credit agencies such as Experian, Equifax or Call Credit, with Experian being the most widely used for mortgage applications. These agencies collate a picture of your past credit history to better predict your future behaviour.
Not my words of course.
----------------------------------------------------------------------
Yep, never said otherwise.
Sign in if you want to comment
Credit rating
Page 3 of 6
6
posted on 27/6/19
comment by Gingernuts (U2992)
posted 50 seconds ago
comment by Martial FC (U11781)
posted 26 seconds ago
comment by Gingernuts (U2992)
posted 1 minute ago
Generally there should be procedures in place to stop any company effectively placing a sentence on someone which can have such damaging affects over very paltry amounts at their whim.
I do get it when you talk about people defaulting on payment plans, loans, credit and the like but for a pathetic amount like this it seems way over the top that someone presses a few buttons and hey ho you can’t buy a house despite proving affordability over a £4 debt that was settled.
Quite ridiculous.
----------------------------------------------------------------------
Exactly, especially when it’s already facking hard as it is for the young like me to try and get on the property ladder.
----------------------------------------------------------------------
I’m certain that there must be something you can do.
I just don’t know what though
Seems absurd and any sensible lender would hopefully view it as such.
----------------------------------------------------------------------
A good broker should be able to get around it to be fair, they have ways and means of getting mortgages pushed through via other connections usually.
Maybe try another one or two mortgage advisers for a free consultation and tell them the situation, if they only have an 'in' with the main high st banks just go elsewhere.
posted on 27/6/19
Thankfully we don’t have a mortgage and i think the best thing we ever did was give each of our kids 30-40% (dependent upon house price) of their first house purchases as gifts and helped them get 5 year fixed rate mortgages so they knew exactly where they were for a good time period.
I think this generation is probably the last that will be able to afford to do things like that sad to say.
posted on 27/6/19
They know you are a total nonce.
posted on 27/6/19
Pretty sure a lot of nonces were eligible for mortgages
posted on 27/6/19
Were. not since Saville.
posted on 27/6/19
comment by Super Ed (U22147)
posted 24 minutes ago
comment by What would Stuart Pearce do? Better than Gozer the Gozerian (U3126)
posted 2 minutes ago
comment by Super Ed (U22147)
posted 1 minute ago
comment by What would Stuart Pearce do? Better than Gozer the Gozerian (U3126)
posted 47 seconds ago
Martial
If still in dispute get a Notice of Correction placed on your credit record:
https://equifaxuk.custhelp.com/app/answers/detail/a_id/656/~/what-is-a-notice-of-correction%3F
----------------------------------------------------------------------
It wanst a mistake though.
-------------------------------------------------------------------
---
Doesn't need to be. It's simply a notice that the consumer disputes the CRA record.
----------------------------------------------------------------------
No matter the legitimacy of the dispute ?
----------------------------------------------------------------------
Yip, I see them all the time when customer's are disputing negative bureau info, yet they've CCJ's (court judgements) against them
posted on 27/6/19
Credit scores are a joke and can get flucked. Mine is down 25 points from last month for no reason at all (credit cards paid off on time, registered to vote etc). I logged on to MSE the other day expecting to see another rise however small but nope around the low 700's which puts me down a level on the bad to excellent ratings.
I've been doing everything possible MSE/Experian say to but whenever I get to around 740-750 it always seems to drop. I have another score update due tomorrow from Experian themselves so will report back once it has updated.
My score dropped for 6+ consecutive months when I opened a ISA a couple of years ago so although I do what I can to increase my score in reality I think it's complete nonsense.
Agree with others about contacting Very to have them remove the black mark against you asap. I had the same with Orange years ago over a £12 final bill when they had told me there was nothing left to pay. It isn't worth the hassle trying to fight it.
posted on 27/6/19
Comment deleted by Site Moderator
posted on 27/6/19
If the system made sense then one of the most important factors/pieces of evidence should be rent payments.
Some people have 10 years worth of on time, every time rent payments yet they need to get a credit card, go in and out of debt for a year just to get a high credit score required for a mortgage
posted on 27/6/19
Comment deleted by Site Moderator
posted on 27/6/19
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 4 minutes ago
comment by Gingernuts (U2992)
posted 38 minutes ago
Thankfully we don’t have a mortgage and i think the best thing we ever did was give each of our kids 30-40% (dependent upon house price) of their first house purchases as gifts and helped them get 5 year fixed rate mortgages so they knew exactly where they were for a good time period.
I think this generation is probably the last that will be able to afford to do things like that sad to say.
----------------------------------------------------------------------
Yep. All I'm doing for our 3 (they're all still very much kids) is making sure they each have enough for a deposit.
----------------------------------------------------------------------
Don't tell them that though, until they're ready to buy or have saved what they can themselves.
posted on 27/6/19
comment by Mike (U1170)
posted 13 minutes ago
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 4 minutes ago
comment by Gingernuts (U2992)
posted 38 minutes ago
Thankfully we don’t have a mortgage and i think the best thing we ever did was give each of our kids 30-40% (dependent upon house price) of their first house purchases as gifts and helped them get 5 year fixed rate mortgages so they knew exactly where they were for a good time period.
I think this generation is probably the last that will be able to afford to do things like that sad to say.
----------------------------------------------------------------------
Yep. All I'm doing for our 3 (they're all still very much kids) is making sure they each have enough for a deposit.
----------------------------------------------------------------------
Don't tell them that though, until they're ready to buy or have saved what they can themselves.
----------------------------------------------------------------------
Yep.
That’s what we did and waited until they had put their hearts into a specific house.
Problem is once you do the first one the others know what to expect
posted on 27/6/19
Has anyone seen how they calculate the credit scores in China? Big Brother gone insane.
posted on 27/6/19
No?
posted on 27/6/19
Comment deleted by Site Moderator
posted on 27/6/19
comment by 1 Father - 1 Love - 6 European Cups (U13312)
posted 2 minutes ago
Has anyone seen how they calculate the credit scores in China? Big Brother gone insane.
----------------------------------------------------------------------
https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4?r=US&IR=T#a-prototype-blacklist-already-exists-and-has-been-used-to-punish-people-8
I would like to go on record as welcoming our future overlords.
posted on 27/6/19
comment by RJC (U17308)
posted 5 minutes ago
comment by 1 Father - 1 Love - 6 European Cups (U13312)
posted 2 minutes ago
Has anyone seen how they calculate the credit scores in China? Big Brother gone insane.
----------------------------------------------------------------------
https://www.businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4?r=US&IR=T#a-prototype-blacklist-already-exists-and-has-been-used-to-punish-people-8
I would like to go on record as welcoming our future overlords.
----------------------------------------------------------------------
That is absolutely facking mental.
posted on 27/6/19
Haven't read all the replies OP but banks don't use credit ratings.
It will simply be that you have a black mark against your name because of this one transaction.
Sign up for Experian and get your credit report to see exactly what it says.
Then take it up with the provider to push for it to be removed.
Not easy but you'll get there - try not to panic.
posted on 27/6/19
Comment deleted by Site Moderator
posted on 27/6/19
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 39 seconds ago
comment by Winston (U16525)
posted 5 minutes ago
Haven't read all the replies OP but banks don't use credit ratings.
It will simply be that you have a black mark against your name because of this one transaction.
Sign up for Experian and get your credit report to see exactly what it says.
Then take it up with the provider to push for it to be removed.
Not easy but you'll get there - try not to panic.
----------------------------------------------------------------------
Pretty sure all lenders look at credit reports.
----------------------------------------------------------------------
Try reading what I actually wrote.
posted on 27/6/19
If not clear - for rating, also see credit score.
posted on 27/6/19
Comment deleted by Site Moderator
posted on 27/6/19
Greatteamswinit4times- a terrible enemy (U6008)
Me dragging an article down? You're the one who joins them with the sole intention of being abusive, not me.
To answer your point, a lender will score / rate you.
My point is that they don't use credit scores from companies like Experian. There's no standard credit score that everyone logs in and sees - each company have their own criteria.
Experian/Equifax reports are useful because they show the detail that banks will be accessing but the actual score i.e. 999 or whatever, is not worth focusing on.
posted on 27/6/19
Comment deleted by Site Moderator
posted on 27/6/19
comment by Greatteamswinit4times- a terrible enemy (U6008)
posted 19 seconds ago
Many UK lenders use one of the main credit agencies such as Experian, Equifax or Call Credit, with Experian being the most widely used for mortgage applications. These agencies collate a picture of your past credit history to better predict your future behaviour.
Not my words of course.
----------------------------------------------------------------------
Yep, never said otherwise.
Page 3 of 6
6