Can anyone shed any light on this matter - as we all know, there are 2 credit reference agencies now. Insolvency or not, each credit agency holds the info on any borrowings for 5 years after their closure date. So, my query is this, is it or has it ever been possible to have a listing removed early? I exited an insolvency arrangement in 2016. I spent a few years trying to get the banks to stop reporting to ICB incorrectly (after 2016 they continued to report as if I was missing payments) and I finally got the report looking correct - that the loans closed in 2016. I would very much like to try for a mortgage this year, considering that since 2016 I have completely got my life back, and been working and saving hard with good banking habits. Do you think the bank would consider removing my listing from the ICB a bit early, or is the 5 year holding of info actually up to the ICB itself?
I am also concerned that I havent been able to "build up" a good credit rating, as since 2016 I havent attempted to borrow, Ive just been saving. It was suggested to me I should apply for a credit card and use it for fuel/groceries but clear the balance each month, in order to build up a good credit rating...is this good advice? However, surely no bank will give me a credit card while I still have a bad listing on my ICB?
I am also concerned that I havent been able to "build up" a good credit rating, as since 2016 I havent attempted to borrow, Ive just been saving. It was suggested to me I should apply for a credit card and use it for fuel/groceries but clear the balance each month, in order to build up a good credit rating...is this good advice? However, surely no bank will give me a credit card while I still have a bad listing on my ICB?