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    • loveyourmoney
    • By loveyourmoney 13th Mar 17, 12:25 PM
    • 74Posts
    • 15Thanks
    loveyourmoney
    Various questions re credit report
    • #1
    • 13th Mar 17, 12:25 PM
    Various questions re credit report 13th Mar 17 at 12:25 PM
    Hi all


    My partner has 3 defaults on their credit report which are now all settled. We are financially linked as we live together and have a savings account. How will this affect me if I or as a couple we look to get a mortgage in about 3 years time? I currently have a mortgage on my own.


    What does 'unknown' mean on a credit account status on a credit report?


    Thanking you!
    In it to win it!
Page 1
    • Chappaz
    • By Chappaz 13th Mar 17, 12:37 PM
    • 130 Posts
    • 57 Thanks
    Chappaz
    • #2
    • 13th Mar 17, 12:37 PM
    • #2
    • 13th Mar 17, 12:37 PM
    The defaults will make it considerably harder to receive a mortgage. Or at the very least, the mortgage you're offered will be far from the best in terms of interest and loan to value.

    However, defaults usually fall off 6 years from the date of default, so it really depends how long ago they occurred. What are default dates?

    If they happened a while back, then they may fall off before you start mortgage hunting, and then it will be like they were never even there.
    • loveyourmoney
    • By loveyourmoney 13th Mar 17, 8:05 PM
    • 74 Posts
    • 15 Thanks
    loveyourmoney
    • #3
    • 13th Mar 17, 8:05 PM
    • #3
    • 13th Mar 17, 8:05 PM
    Hi Chappaz

    I've just had a look on Noddle and they were:

    Barclaycard - Defaults (payment up to 1 month late) in March 2012 & December 2011.

    T-Mobile - Default (payment up to 1 month late) in July 2012.

    So at worst they will be all be knocked off in July 2018 which is great as we don't need to apply until 2019.

    What a relief!
    In it to win it!
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