Hi Liv

I was told that because I had the managed loan with them I could not apply for any credit until the loan had run its course (ie the full term). Its a bit frustrating being told different things from everyone. I mean I totally agree with you Liv I think it does make a lot of difference having late payments and people tell me until they are blue in the face that it doesn't.

I mean I'm in the last 10 months of the managed loan so I may as well see it through I guess - I haven't paid late for years (about 2 n half) but I'm still having problems - i was told that it should get better slightly within 6 months and then go up from then onwards - Not so!

:-s

Nikki

Hi,

I use to have a managed loan with HSBC, late payments on some store cards i had, etc, etc. I never defaulted on the managed loan but it certainly counts against you when it comes to getting credit else where. It shows that the bank had to do this to prevent you from defaulting on the account basically, its done as a last resort from what i have been told. Late payments do stop creditors from accepting you - trust me i know!

The more you apply for further credit the worse your credit report will look. The best thing to do is leave it for a few months and allow your credit rating to increase again, then try and change your Managed Loan to a Personal Loan with HSBC. I did this and it did make a difference, not immediately but now i have been able to get a car on finance, etc.

I wouldnt try and bank with anybody else until you are back on your feet and with a substantial credit rating behind you, that way you'll be able to choose what account you want rather than being told what they would allow you to have.

Good luck

Liv

Apologies I wasn't meaning that people with ccjs dont have a hard time but a lot of them seem to be having a better time of it than me - am rather confused by it. :(

Trust me, Having a ccj and an arrangement to pay creditors is not as easy as it seems for others.
I have a ccj that won't clear until its payed off, not the usual six years and it is off the records, I wish I had declaired myself bankrupt as I have always paid on time my debts but I keep getting threatning letters off debt companies because they want me to make payments to them and not the regular company I have been paying for 3 years with out fail. I even cleared one of my debts and one will be finished in 12 months.
We wanted to remotgage the house to benefit from the lower interest rates but I had to sign the house over to the wife as she has no bad history, My wages get paid into her bank and I have no access to the money, I have to ask her for money like a child and the guys at work think I am pathetic when they are 'popping out for a pint' and I never have any money on me.
I Have tried a couple of times to get a bank account but no one will take me on, God help me if I were to split from her in doors, I will be without the proverbale paddle. Im stuck. All I ask for is no credit/cards just able to set up direct debits etc and no the co op are crap, I even worked for them part time in the evenings and could not get an account.
Bring back weekly pay packets I say..

Good luck.

In all honesty, I am not certain, but yes, I think that the council will agree to the change of the PO are adamant that it should be with an S.

You could, however, try it the other way around and ask the PO to change what has been confirmed with the Council - get the Council to rite to you about it.

Someone on another thread has a similar problem except the number is wrong. In their case the Council has got it right and the PO - and them - wrong; I'd formed the impression that, in your case, the reverse was true.

Try it - nothing to lose!!

Cat

So the post office wont change it but the council will?

This is annoying as the street is actually called Kirkland Gardens but PO have it as Kirklands Gardens and it says they wont change it but they have done it wrong and I cant see the council agreeing as it says on PO website that council are responsible for the naming of streets.

What a pickle

Urrrgh! That's a familiar problem as well - we share a postcode and house number with a house just two hundred yards away - but we have an extra bit of road name to our address.

You can get the electoral role updated by forwarding a copy letter from the PO stating your correct address, I think.

At least it isn't the account type, though, so that's one possibility ruled out.

Cat

The accounts i applied for require a minimum of 1000 going in per month - I earn 1400.

A lady in a bank today has found a possible solution as to why I have had problems. My current address is registered differently spelt with the post office (who control the address systems companies use when they search via postcode) and the electoral register so when they search and it comes up spelt wrong it says im not on the register when actually I am - and my address spelt correctly of course has no credit history as only my bank account has it spelt right.

Frustrating!!!!!

Hi Nikki

I'm sorry to hear that you have had such difficulties. A good credit rating is a bit chicken-and-egg in that you need to be able to use lending products in order to gain a good rating!

When I was working for a Bank, credit scoring procedures were becoming more complicated all the time. I haven't needed to do a credit score in a long time, but I do know that each company has its own specific weightings for each question that might be asked of you when you apply for such things. It's almost impossible to determine why you might be failing a credit score, and it could simply be to do with the fact that you have late payments recorded on your file.

The other difficulty is that, every time you apply for something, it leaves a footprint on your credit history. Banks etc tend to get a bit twitchy if you are applying for too many products that include lending facilities (even though you have stressed you don't want an overdraft, one is usually available automatically on these 'upmarket' new types of accounts). So, the more you apply, the more you are likely to be refused.

Finally, in reference to the Barclays account in particular, would I be right in thinking that the account you have applied for is aimed at higher earners / longstanding customers / people who can pay in a certain amount each month? In that instance, the refusal would simply be because you are not the 'type' of client that they have earmarked that account for. I have similar trouble in that I am currently not formally working; I help my husband with his business, though he doesn't pay me. So I have no 'status' at all - could similar be true of you?

My advice to you would be to let it ride for a while - say a year. Don't apply for any new products, but use those you have wisely and pay them off on the nose. I agree that it is frustrating, but it will resolve itself over time. Try not to let it bug you.

HTH

Cat

Hi everyone
Am new to the forum.

In the past I have made some shall we say mistakes - late payments on a number of occasions, had to arrange with creditors alternative payments and I have a managed loan with HSBC to settle the credit I had with them - I actually only missed 1 payment on the loan - rang them for help and this was what we arranged to resolve the arrears.

I have never ever been taken to court, threatened with court or bankruptcy or IVA or anything like that but I feel like I am having a worse time than people with these marks on the credit file as I simply cannot get a bloody thing!

Only thing I have managed is a mobile phone account which has always been paid and a Capital One credit card which I use to put fuel in my car and then I pay it off when the bill comes (to try to get some good credit history!). I have catalogues which have been open about 4 years (these were the accounts i went into arrears on but that is well behind me). I attempted to get a loan for a car and was declined, considering I have the managed loan I thought fair enough.

I now come to want a better bank account (I was particularly looking at the Barclays First Additions purely for the benefits of various insurances and the linked savings account rate etc) I stated on the application that I DID NOT want an overdraft but yet they have still refused me.

All the can offer me is a sodding account where you can get cash out of the hole in the wall like a 15 year old would have which to me seems a bit daft. My current bank account has a solo card (HSBC basic bank account). I just cant understand why they would say no - I said I wanted no credit just the account and debit card!

I do know of people who have had CCJs etc and yet they have car loans, mortgages, personal loans, bank accounts - it seems letting those missed payments go another couple of months and gettng taken to court might have served me better!!!

Is anyone knowledgeable on this subject or on the other hand having the same problems as myself. I did access my credit file a couple of days ago and it says I have no defaults on my account but merely records late payments so I'm a bit confused as I thought it was defaults that did the damage?

Hope someone can help or moan along with me!
Nikki