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Anyone? True or False? Notices of Correction


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Hi Everyone!

 

Does anyone know whether it is better to have notices of correction on your credit file (e.g. to explain bad credit history) or not?

 

I have heard information either way....

 

Some people claim it is better as Creditors have to read your notices before making a decision i.e. they have to look at your credit file, they can't just run it through a credit scoring computer programme.

 

Others say it can be unhelpful as some creditor reject people outright if they find out they have notices of correction as it suggests they have been in trouble on some of their accounts.

 

Can anyone confirm either way???:-)

 

Many thanks!

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I've heard that too - though the people I have spoken to from Experian say that they are read and taken into account in a positive light, but I guess they would say that, wouldn't they!

Please note I'm not insured in this capacity, so if you need to, do get official legal advice.

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I've heard that too - though the people I have spoken to from Experian say that they are read and taken into account in a positive light, but I guess they would say that, wouldn't they!

 

Indeed they would, since if they were to suggest otherwise they would be in serious trouble with the ICO.

HSBCLloyds TSBcontractual interestNew Tax Creditscoming for you?NTL/Virgin Media

 

Never give in ... Never yield to force; never yield to the apparently overwhelming might of the enemy. Churchill, 1941

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Just because it's now settled in full does not mean that the Default was not legitimate at the time. When was the Default issued? Had you received Notice under s.87 of the Consumer Credit Act (A Default Noice) before the Default was placed on your file?

 

If all the conditions were met, and you did owe the money, then the Default is on your file legitimately and will remain there for 6 years; as will the CCJ. The only way to remove a CCJ from your credit file is to have the Judgement Set Aside - i.e. cancelled. The only way to do this is to apply to the court on the basis that it was either incorrectly entered or that you were not given an opportunity to defend.

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Um, I am not disputing either the CCJ or the default, just had a note on my file to point out that two seperate entries on two seperate parts of my credit file relate to the same debt which has been paid in full.

 

Ahh - well, there's no NEED for the Notice of Correction to be there; but it doesn't hurt to have it there.

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I felt there was a need as the name of the default and the CCJ are not the same. Not sure if I should have it deleted now though, although to be fair i think it is the appearance of the ccjs and defaults on my file that lower my score, not my notice of correction *lol*

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does anyone have a letter or some sort of template to explain your credit file. I want to do this as i am from Australia, I have been in the UK for 3 years now and my credit score is not the best but i earn an ok salary. Thanks.

Neil

 

I WON £530 - See how Here: http://www.consumeractiongroup.co.uk/forum/lloydstsb-successes/65986-neil-lloyds-tsb.html

If i have been helpful, please click my scales (bottom left!)

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I don't think there are any standard templates for this on here ( unless anyone knows better than me!! ) but you can contact the credit reference agencies directly and they will help you write something. It's usually best to contact all 3 ( Experian,. Equifax and CallCredit ) and there is no charge for the service.

 

Hope this helps

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It does thank you very much. I may sound dumb but isn't it them i am writing to about my credit file? Are you sayin they would help me in adding the notice of correction.

Neil

 

I WON £530 - See how Here: http://www.consumeractiongroup.co.uk/forum/lloydstsb-successes/65986-neil-lloyds-tsb.html

If i have been helpful, please click my scales (bottom left!)

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The only people who can add a notice of correction to your credit report are the Credit Reference Agencies. A financial service provider will tell you nothing apart from the name and address of the CRA they used. If you wish to add a correction notice, write to the CRA's and ask them about their dispute procedure.

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