How do I get an Adverse Bad or Poor credit rating?
- Not Making all of your payments on time is the number 1 reason for bad credit.
- If you’ are not registered on the Electoral Roll your credit rating could be affected, this could be because you are in between homes.
- Incorrect information on your credit report (yes it happens) obviously affects your credit, it is important to check this and correct if needed.
- Bad management by yourself can seriously hinder your chances of getting good credit, Not negotiating with lenders when you are in a spot of financial difficulties because of illness, unemployment or other extreme circumstances
- You may have no credit history which can be just as bad as having poor credit
- Current outstanding finance agreements which are large or recent could adversely affect your credit rating
The different types of information that affect your credit rating are listed below , 6 years is the amount of time this information is held unless specified
- Administration Orders
- Bankruptcy
- CCJ’s – County Court Judgments & Court Decrees
- Gone Away’s
- Home Repossession
- Individual Voluntary Arrangement (IVA)
- Any notice Of Dispute Stays until you ask for it to be taken off, or the dispute is brought to a conclusion
- Any notice Of Disassociation You must provide contradictory evidence or you can request to have it removed.
- Payment Performance 6 Years after the lender has closed the account.