Hello
In the process of checking my credit rating on-line with Equifax as part of an attempt to shop for a mortgage, I discovered a couple of wrinkles.
First, there seems to be a defaulted payment on my record (for £68!!) from a cable TV company. I don't agree with default, and would like to challenge it.
However, I wonder if paying it off would be a quicker and cleaner way of correcting the "red flag" on my rating? Does anyone have an opinion on this?
Secondly, as I'm not registered on the Electoral Roll, my credit score seems quite low. I can easily change this (I'm going to register my wife and I today) but can anyone tell me how quickly this sort of thing can be updated on a credit record/score?
Thirdly, although these are two minor blemishes on my credit record, I wonder how seriously lenders will take these? Becuase of the simplicity (we're talking about £68 and a lack of electoral roll registration) will lenders cut me some slack, or is a "red flag" a "red flag", regardless of it's nature?
Thanks for any and all responses.