Arrangement to Pay (AP)

green8890

Willing2Learn said:

green8890 said:

Willing2Learn said:

eskbanker said:

Up to you but if E.ON's actions are held to be unlawful and the ICO instructs remedial action then IMHO it would be worth insisting on the relevant corrections being applied consistently wherever necessary - if, for the sake of argument, Experian also recorded the AP, why would it be appropriate to leave it there?

@green8890
If you are only trying to get a mortgage via a high street bank then you might be okay with just an AP marker.  If you have other negative markers on your three files, then I recommend you approach a good mortgage broker who specialises in adverse data.

Do you have any other negative data recorded on your three files?

No my score is excellent and my partners is good and the reason for rejecting is the ap marker they view it as a major no no this is only problem we have whitch is very frustrating as the manner it came about 

Your score is irrelevant.  A mortgage lender neither sees nor uses your credit score.

A mortgage lender scores you against their independent lending criteria and policies, using the data held in your three credit files, added to the data you provide in your mortgage application, added to the data they may already hold on you as an existing or returning customer. 

Has your potential mortgage lender told you they have seen all three credit files?  A good broker will look at all three and not just your Equifax file...

The problem is the AP my mortgage brooker looked at our file to as also says this is the problem cos it looks like you cannot pay your Bill's we were customer of eon for 8 years and never missed a payment it's like being punished for switching 

Willing2Learn

green8890 said:

The problem is the AP my mortgage brooker looked at our file to as also says this is the problem cos it looks like you cannot pay your Bill's we were customer of eon for 8 years and never missed a payment it's like being punished for switching 

From what you are saying, it appears you may not have a 'good' mortgage broker.  If it were me, I would get a different broker.

To find a good broker, you may want to post a new thread in the mortgage and endowment board, as there are some very good brokers who frequent that board.  You could end up saving yourself a whole load of bother...

green8890

Willing2Learn said:

green8890 said:

The problem is the AP my mortgage brooker looked at our file to as also says this is the problem cos it looks like you cannot pay your Bill's we were customer of eon for 8 years and never missed a payment it's like being punished for switching 

From what you are saying, it appears you may not have a 'good' mortgage broker.  If it were me, I would get a different broker.

To find a good broker, you may want to post a new thread in the mortgage and endowment board, as there are some very good brokers who frequent that board.  You could end up saving yourself a whole load of bother...

Ok thanks I have asked a good few to try and still the same answer and all we can see on our file is ap

Willing2Learn

green8890 said:

Willing2Learn said:

green8890 said:

The problem is the AP my mortgage brooker looked at our file to as also says this is the problem cos it looks like you cannot pay your Bill's we were customer of eon for 8 years and never missed a payment it's like being punished for switching 

From what you are saying, it appears you may not have a 'good' mortgage broker.  If it were me, I would get a different broker.

To find a good broker, you may want to post a new thread in the mortgage and endowment board, as there are some very good brokers who frequent that board.  You could end up saving yourself a whole load of bother...

Ok thanks I have asked a good few to try and still the same answer and all we can see on our file is ap

Like I said, a credit account with an 'AP' marker would not stop a good mortgage broker from being able to provide you with a matched mortgage product.  And like I said, a good mortgage broker will want to see all three of your credit files before making a mortgage product recommendation.  A broker who only looks at your Equifax file, is probably an inexperienced broker.  You need better...

green8890

Willing2Learn said:

green8890 said:

Willing2Learn said:

green8890 said:

The problem is the AP my mortgage brooker looked at our file to as also says this is the problem cos it looks like you cannot pay your Bill's we were customer of eon for 8 years and never missed a payment it's like being punished for switching 

From what you are saying, it appears you may not have a 'good' mortgage broker.  If it were me, I would get a different broker.

To find a good broker, you may want to post a new thread in the mortgage and endowment board, as there are some very good brokers who frequent that board.  You could end up saving yourself a whole load of bother...

Ok thanks I have asked a good few to try and still the same answer and all we can see on our file is ap

Like I said, a credit account with an 'AP' marker would not stop a good mortgage broker from being able to provide you with a matched mortgage product.  And like I said, a good mortgage broker will want to see all three of your credit files before making a mortgage product recommendation.  A broker who only looks at your Equifax file, is probably an inexperienced broker.  You need better...

It's my lender that's looks at equifax 

Willing2Learn

Who is your preferred lender?

Is it a High Street bank?

Which one?

green8890

Willing2Learn said:

Who is your preferred lender?

Is it a High Street bank?

Which one?

Leeds

Willing2Learn

Leeds Building Society?  A good mortgage advisor will look at all three of your credit files.  Just looking at Equifax is insufficient.  Sorry if I am knocking your preferred route...

Have you looked at your three statutory credit files?

Try to find yourself a good broker using the link I provided you with earlier.  Start a new thread.  Describe all negatives and positives in your three credit files and see what happens.  I think you may be surprised how different it could be with an experienced and good broker to guide you.

BethArmett

Can anyone confirm if an AP will drop off my Equifax and Transunion reports after four years if the account is still open? I had an AP (only one month) in February 2017 but I have read conflicting information as to if this will drop off my account earlier if the account is still open. Some threads say that it'll stay on my account for six years and some indefinitely as the account is open and being used. Any advice very appreciated! 

[Deleted User]

It'll remain for 6 years regardless.