Poor Credit Rating :(

Rikwaller · 27 Feb 2006 at 21:01

Due to an issue getting a new credit card this weekend, i got my online credit report today.

It says that I have a poor rating, looking into the actual report it looks like my company car which is on a pcp scheme (car registered to me but all monthly payments paid for by my employer and a deduction taken from my wages evry month). I received it in Oct and it has yet to have any of the monthly installments paid. This is showing as overdue by two payments.

The only other problem was with another account I had which in the end I just paid off in mid 2002.

Can anyone tell me if the finance company can change the info it left on my credit report ?

Also the other issue in 2002, will that ever be removed from the report ?

One final thing, on a couple of phone contracts that have since long been stopped, the monthly payment was unconfirmed ( the lender did not leave any feedback that month). Does this have an effect on me ?

Thanks
Simon

Rikwaller · 27 Feb 2006 at 22:21

Thanks for your help

With regards to the Capital One Card, I currently have a Credit Card where always more than minimum is paid off each month, in fact all credit agrrements I have, totalling 4 are paid off each month if not a hefty payment is made.

The only other payments made are my mortgage and loan which are fixed payments each month.

Up untill now I have had no problems with getting credit and all payments have been made on time for over 3 years. (Lots of green traffic lights on the report

)

Would applying for this help, if turned down could it harm me further ?

Thanks

edit: Another thing I noticed was that there were no utility bills on my record. I only searched equifax, will these be on experian ?

Rikwaller · 27 Feb 2006 at 22:30

Thanks Stiff Cookie, hopefully I can get the car payment issue sorted tomorrow and then equifax will amend their details

Simon

Rikwaller · 27 Feb 2006 at 22:44

ste_bla said:
To get a file updated on my partners report, a phone call once a week resulted in....

Sorting out hr file after 6 months!!! Yes it took them SIX months

Thats diabolical........ how did you confirm it was sorted, did you have to keep applying for credit reports to confirm ?

6 Months is too long, I want to remortgage before then. If my company is at fault, hell who ever is to blame has got a lot of questions to answer. :mad:

Thanks for all your help people

Rikwaller · 27 Feb 2006 at 22:59

The interesting thing is that I was told no matter what happens, the credit check is only for checking my name and address and under no circumstances would my credit record be affected by this. It will be interesting what kind of welcome i get tomorrow when I actually show them the report.

Simon

Edit: Last question I promise, all my credit bar one appears on equifax, does that mean it will not be on experian or could the records be on both ?

This has really ****** me off so you do not know how much I appreciate your help...