Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
Due to taking a good redundancy package (and luckily finding another job straight away) today i have finally cleared my debts. All my creditors agreed to state "satisfied in full" on all my records.
Yesterday I had 7 outstanding debts and my credit report stated the following:
Credit Scores & Ratings
Using data seen by Lenders
Callcredit 241
Equifax 221
Using data seen by Landlords/Employers
Callcredit 327
Equifax 327
Negative Attributes:
2 Late Accounts
9 Defaulted Accounts
2 Court Judgments (both say Status Active and i am looking into how to change this)
My questions are
1) Will paying everything off increase my rating? If so by how much?
2) How can i improve my rating? Have i no chance until the CCJs and Defaults leave account?
Due to taking a good redundancy package (and luckily finding another job straight away) today i have finally cleared my debts. All my creditors agreed to state "satisfied in full" on all my records.
Yesterday I had 7 outstanding debts and my credit report stated the following:
Credit Scores & Ratings
Using data seen by Lenders
Callcredit 241
Equifax 221
Using data seen by Landlords/Employers
Callcredit 327
Equifax 327
Negative Attributes:
2 Late Accounts
9 Defaulted Accounts
2 Court Judgments (both say Status Active and i am looking into how to change this)
My questions are
1) Will paying everything off increase my rating? If so by how much?
2) How can i improve my rating? Have i no chance until the CCJs and Defaults leave account?
Due to taking a good redundancy package (and luckily finding another job straight away) today i have finally cleared my debts. All my creditors agreed to state "satisfied in full" on all my records.
Yesterday I had 7 outstanding debts and my credit report stated the following:
Credit Scores & Ratings
Using data seen by Lenders
Callcredit 241
Equifax 221
Using data seen by Landlords/Employers
Callcredit 327
Equifax 327
Negative Attributes:
2 Late Accounts
9 Defaulted Accounts
2 Court Judgments (both say Status Active and i am looking into how to change this)
My questions are
1) Will paying everything off increase my rating? If so by how much?
2) How can i improve my rating? Have i no chance until the CCJs and Defaults leave account?
Q1. No not dramitically or quickly, lenders look at a minimum of 3 and up to 5-6 years of good credit management,
coupled with their own unique inhouse methods of viewing apllications.
Q2. You are correct no chance, then you need to build a new credit profile over at least 3 years.
The help and advice I offer is from personal experience and my career training, at times I may be wrong so PL
Make decisions that are suitable for your needs.DOUBLE click my star if I help.
**ANY letters that I draft are from my own experience and traing and are intended for the particular users problem ane are not necessarily those recommended OR ENDORSED BY CAG.
1. Never ever phone a DCA. 2. If a DCA phones you DON'T answer their ''SECURITY QUESTIONS''
3. State you will deal in writing only and HANG UP.
Please Consider making a dontation to keep this site running!!
**NEMO MORTALIUM OMNIBUS HORIS SAPIT** = NO MORTAL MAN IS AT ALL TIMES WISE!
** ANIMO ET FIDE** = ACTION WITH FIDELITY!
Might be an idea to check Experian (Credit Expert) as well.
The help and advice I offer is from personal experience and my career training, at times I may be wrong so PL
Make decisions that are suitable for your needs.DOUBLE click my star if I help.
**ANY letters that I draft are from my own experience and traing and are intended for the particular users problem ane are not necessarily those recommended OR ENDORSED BY CAG.
1. Never ever phone a DCA. 2. If a DCA phones you DON'T answer their ''SECURITY QUESTIONS''
3. State you will deal in writing only and HANG UP.
Please Consider making a dontation to keep this site running!!
**NEMO MORTALIUM OMNIBUS HORIS SAPIT** = NO MORTAL MAN IS AT ALL TIMES WISE!
** ANIMO ET FIDE** = ACTION WITH FIDELITY!
Q1, No not dramatically or quicly, you will need to rebuild a credit profile for at least 3 years after the defaults are removed.
Q2, Correct no chance until these are removed then the same a Q1.
The help and advice I offer is from personal experience and my career training, at times I may be wrong so PL
Make decisions that are suitable for your needs.DOUBLE click my star if I help.
**ANY letters that I draft are from my own experience and traing and are intended for the particular users problem ane are not necessarily those recommended OR ENDORSED BY CAG.
1. Never ever phone a DCA. 2. If a DCA phones you DON'T answer their ''SECURITY QUESTIONS''
3. State you will deal in writing only and HANG UP.
Please Consider making a dontation to keep this site running!!
**NEMO MORTALIUM OMNIBUS HORIS SAPIT** = NO MORTAL MAN IS AT ALL TIMES WISE!
** ANIMO ET FIDE** = ACTION WITH FIDELITY!
Many banks update credit reference agencies, so if you have a current account and keep it out of an overdraft this may help. Also if you have a mobile phone contract that you keep running or similar it will show on a credit file. These wont help you much due to the negatives, but they will show that they were kept in goodstanding after the other debts were cleared. In time your credit history will start to clear but this will take years.
Please do not think that I am insulting you (I too have had the same problem as you) but it may not be the end of the world that you are unable to get credit. If you have had difficulties and sorted them then it is a relief. Being unable to get credit isnt nice but it is better than getting into further troubles.
Just one point ALL banks update credit filesand monitor their clients files if necessary.
The help and advice I offer is from personal experience and my career training, at times I may be wrong so PL
Make decisions that are suitable for your needs.DOUBLE click my star if I help.
**ANY letters that I draft are from my own experience and traing and are intended for the particular users problem ane are not necessarily those recommended OR ENDORSED BY CAG.
1. Never ever phone a DCA. 2. If a DCA phones you DON'T answer their ''SECURITY QUESTIONS''
3. State you will deal in writing only and HANG UP.
Please Consider making a dontation to keep this site running!!
**NEMO MORTALIUM OMNIBUS HORIS SAPIT** = NO MORTAL MAN IS AT ALL TIMES WISE!
** ANIMO ET FIDE** = ACTION WITH FIDELITY!
i can only say that your rating will improve over time but it does take a while, once debts are satisfied, if you are looking for credit you will find it hard to get at the moment and the more requests you put in the worse it will look on your score.
I got a subprime credit card while my score was not to good, paid it regularly and now have a good rating and cards etc with main stream lenders but it has taken a few years.
7. Thinking of a Full & Final Settlement?Read Here
my views are my own...seek legal advice if ness
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- alert the siteteam IMMEDIATELY by hitting the black warning triangle on any message - Particularly if this results in a request to pay a fee to help you.
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The problem of building a better CRA file now is the
fact that whatever an individual tries to do to improve
their credit status the major lenders are increasingly looking
for longer than the once standard 3 years of credit history
when deciding if to loan or not, so the length of time needed
to reach a level that will give even a ''good'' chance on be
accepted increases in proportion.
The help and advice I offer is from personal experience and my career training, at times I may be wrong so PL
Make decisions that are suitable for your needs.DOUBLE click my star if I help.
**ANY letters that I draft are from my own experience and traing and are intended for the particular users problem ane are not necessarily those recommended OR ENDORSED BY CAG.
1. Never ever phone a DCA. 2. If a DCA phones you DON'T answer their ''SECURITY QUESTIONS''
3. State you will deal in writing only and HANG UP.
Please Consider making a dontation to keep this site running!!
**NEMO MORTALIUM OMNIBUS HORIS SAPIT** = NO MORTAL MAN IS AT ALL TIMES WISE!
** ANIMO ET FIDE** = ACTION WITH FIDELITY!
Finally out of debt - but AWFUL credit rating
package (and luckily finding another job straight away) today i have finally cleared my debts. All my creditors agreed to state "satisfied in full" on all my records.
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The help and advice I offer is from personal experience and my career training, at times I may be wrong so PL
