Problem with my Experian credit score .. now got a 6 year refusal of credit !

Discussion in 'Bulletin Board' started by Mr Badger, Oct 26, 2020.

  1. LiverpoolRed

    LiverpoolRed Well-Known Member

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    We had problems with Vodaphone - kept charging us for a cancelled contract. Took about 6 months to sort it
     
  2. Shy Talk

    Shy Talk Well-Known Member

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    Things were very different in 1990
     
  3. David_Upper_East

    David_Upper_East Well-Known Member

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    I use Credit Karma (I know it's a silly name) You only have to miss one payment for it to affect a credit score for a long time - but if you have a dispute you can take it up with them, and if you have an explanation then you can record it on your score. It also shows what things are affecting your credit score. Big ones are the length of time you have been at a particular address, whether or not you are on the electoral register, as well as your credit record and payment history. Payday loan companies, and doorstep lenders such as Provident are to be avoided if at all possible - but if you can't pay a debt then don't stick your head in the sand - contact the creditor and see if you can arrange a payment plan. Citizens' Advice Bureau can help, and there are other agencies such as StepChange.
     
  4. Wat

    Watcher_Of_The_Skies Well-Known Member

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    Presumably you paid the debts off and then asked for the defaults to be removed? How did you prove it wasn't your debt?
     
  5. Dar

    Darfield138 Well-Known Member

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    Trust me on two things
    1. It's a waste of time getting notes stuck on your account or just paying a defaulted account off. Even if a lender isn't automated, as anyone who has looked at credit reports will tell you, as soon as a red default account crops up, all but the sub-prime will stick you in the bin.
    2. This will affect you for six years. Yes some lenders will pay less attention after a while but some won't. After 12 months you might get a vanquish credit card at 30% with a £500 limit. Good luck getting a decent bank loan or god forbid a mortgage. I know someone who got turned down for a mortgage because they'd withdrawn cash on a credit card at an ATM.
    You need to get it removed. You might be lucky and Vodafone play ball. But, if they don't be ready to play hardball. I like the linked in suggestion someone else posted though.
     
  6. BrunNer

    BrunNer Well-Known Member

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    The above is good advice. Approaching the credit reference agencies or placing a Note of Correction on your credit file will do sod all.

    The only company that can remove the mark is Vodafone and you should make a formal complaint (assuming you have cause to do so) that is strong enough to get the attention of their compliance department. Do it in writing (not by phone) and threaten to get the relevant regulator involved.

    The missed payment isn’t going to have a massive effect on your credit file and credit scores don’t exist in real life anyway. It only becomes semi-important if you are looking for credit right now. With thousands on furlough, lenders are going to have to be more flexible in the future with not-quite perfect credit records.
     
  7. Dar

    Darfield138 Well-Known Member

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    Thing we're very different in the mid 2000s mate, banks would lend to anybody because debt became fungible. Then along came the debt crisis and now you get rejected if you don't fill a mortgage application out on the correct parchment paper.
     
  8. andytyke

    andytyke Administrator Staff Member Admin

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    Yes I paid the debts off. Had defaults on my credit report for about 3 years before I realised. Contacted the companies explaining situation that these where items purchased in my name by my ex girlfriend. They were catalogues littlewoods, next etc. Just said as I was left with mortgage and stuff to pay on my own I prioritised and defaulted on the accounts while in dispute with ex over payments. That I paid them off myself when it was too late. All three companies wiped the defaults.
     
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  9. Wat

    Watcher_Of_The_Skies Well-Known Member

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    That's good of them. Touch surprised they accepted you saying that they were taken out in your name and cleared the default. The skeptic in me says they wouldn't have believed you!
     
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  10. andytyke

    andytyke Administrator Staff Member Admin

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    Well I have absolutely no reason to lie. I never said she had done it without me knowing. Just that these were items bought on my account in my name which she had agreed to pay for. You can believe what you want. Do you think companies don’t take into account circumstances changing. that items can no longer be afforded once single. A well worded letter giving detailed explanation for the default is sometimes all it takes. We were living together and her name would have been linked on the credit file. This Happened over 20 years ago.
     
  11. Stephen Dawson

    Stephen Dawson Well-Known Member

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    I took a vodafone contract out at the Carphone warehouse. My Dad also took his phone contract out with the Carphone warehouse. The Carphone Warehouse got our details mixed up because we lived at the same address and my Dad was pestered by Vodafone. He kept explaining that the contract wasn't in his name but they wouldn't listen. I contacted Vodafone and they wouldn't do anything without validating it through my Dad. In the end the only way to switch the account solely into my name was by threatening to cancel the direct debit payment.

    It was only when they realised they'd be losing money that they acted.
     
  12. Wat

    Watcher_Of_The_Skies Well-Known Member

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    Im not saying you're not telling the truth, maybe things have changed in 20 years? Just in my recent experience and similar circumstances that seemingly wasnt an option. Only way I could get out of it was go to the police and report said person, which I was in no position to do......
     

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