Credit reference Agencies...

Dunree

izools wrote: »

I'm guessing that

a) the missed mortgage payments fall within the last 12 months
b) the balance transfer isn't showing up as having been done on your credit files yet

Once the most recent payment that you missed was over a year ago and your credit file shows a utilization of around 50% or under of your cumulative limits, you'll be in a strong position to apply.

You could always do a quote for a Nationwide loan now, it won't affect your credit rating if you decide not to proceed and will give you a real APR based on your actual credit file

Good luck! :beer:

Izools, thank you for taking the time to respond, much appreciated

Yes, the missed payments ended in November when I sold my house, so they are still quite visible. Everything else is green on the accounts.

The BT has just gone through, so I don't think it will show for a few weeks. In the meantime, I'll continue paying around £400-450 on each of my two cc's.

I had a quick look at Nationwide, they state that there should be less than three missed payments on any account, mortgage kind of scuppers me for that

Dunree

Well I've applied

My bank and MBNA, though I have a terrible suspicion that both will be knocked back...

I shall keep you updated...

Dunree

Had an e mail today from MBNA asking me to ''accept your credit agreement''.

Is it looking good??

Dunree

Anyone??

Dunree

It's now day eight since I applied to both my bank and MBNA, and still no word from either.

Could it be that I'm actually getting a card, or could they be digging deeper into my history???

Dunree

Well I finally got my answers.

Both MBNA and my bank turned me down. Both citing amongst their reasons, my Experian credit file.

I keep a very close eye on my file, and, in my opinion, it doesn't show my whole circumstances.

Is it worth while appealing the decision? Has anyone had any luck appealing a decision??

Dunree

Ps, the bank is Santander. Been with them three years, have around 6k savings with them, and have never had a DD or SO bounced by them.

iaintw

you can do a dispute notification to your credit file
The lenders can see the notification on your credit file so they can accept you or not if you not met their scoring.
Santander is a excellent bank

I am a shareholder of santander, Lloyds banking group and Barclays

Dunree

iaintw wrote: »

you can do a dispute notification to your credit file
The lenders can see the notification on your credit file so they can accept you or not if you not met their scoring.
Santander is a excellent bank

I am a shareholder of santander, Lloyds banking group and Barclays

Hi Iantw, I've never had any problems with Santander since I opened the account, and anytime I've had to contact them, the issue was usually sorted immediately.

The credit file itself doesn't have innaccuracies, but it doesn't show how we live rent/mortgage free, and usually have a fair amount of free cash, which is being used to reduce debt. We are highly fortunate in that respect.

My main reason for applying for the cards was to do a BT from B/Card and to reduce the interest being paid.

As I said, is there any point in appealing the decision with both companies, or do they stick to their guns?

iaintw

yes you can appeal their decision by writing to credit cards company
but what i said you can put a notice on your credit report
Notice of Correction

A Notice of Correction is a piece of text, written by you, that you can request to have added to your Credit Report. You may wish to do this if there is an item of information on your Credit Report, which is factually correct, but you believe it creates a misleading impression. Your Notice of Correction should give a clear and accurate explanation of why you consider a piece of data to be incorrect or misleading and must not be longer than 200 words. You can prepare this text yourself or with the help of, for example, a Citizens Advice Bureau, a Consumer Advice Centre, or a Solicitor. Please note that the Notice of Correction should not be, defamatory (affecting someone's good name or reputation), frivolous or scandalous, or for any other reason unsuitable for publication.
to do this
Email
[EMAIL="customerservice@creditexpert.co.uk"] customerservice@creditexpert.co.uk [/EMAIL]
Please include your reference number when you email so we can respond in the fastest possible time.

https://equifaxuk.custhelp.com/app/answers/detail/a_id/569
consumer@callcreditgroup.com
Notices of Correction
A Notice of Correction is an explanatory statement that you can add to information to explain circumstances about why the entry is on your report.



Iain

Dunree

Thanks very much for that Iain, I intend popping into my local branch of Santander during the week to see if I can appeal the decision with them.

I'll take along relevant paperwork to show them.

If I get a negative answer back from them, I'll try MBNA appeal