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Terminology and mortgage question
timbot
Posts: 3 Newbie
About two years ago, I missed a payment on a loan which I hadn't realised until nearly the end of last year when I signed up to Experian. It was a payment for £460. As soon as I found out, I made an additional payment and brought the account up to date and have paid it on time ever since.
Is this a default? Or is it a late payment? Or are they both the same thing?
Experian says my credit rating now is 999 which is obviously not bad.
How will all of this affect my chance of getting a mortgage as a 1st time buyer later in the year?
Is this a default? Or is it a late payment? Or are they both the same thing?
Experian says my credit rating now is 999 which is obviously not bad.
How will all of this affect my chance of getting a mortgage as a 1st time buyer later in the year?
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