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billinghamfan
Posts: 255 Forumite
Hi
Two questions.
1. I have a default from 2009 but it is settled how badly will this affect my credit rating.
2. I have a late payment which is listed at an old address (from 1999) it will be removed once I can get Halifax to sort themselves out as it's sb. However in the meantime can lenders see this as I haven't lived at the address for over 10 years?
Two questions.
1. I have a default from 2009 but it is settled how badly will this affect my credit rating.
2. I have a late payment which is listed at an old address (from 1999) it will be removed once I can get Halifax to sort themselves out as it's sb. However in the meantime can lenders see this as I haven't lived at the address for over 10 years?
Total Debt: £4610.75
Debt Free Date: May 2016.
Debt Free Date: May 2016.
0
Comments
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1. You probably won't get much credit for the next few years. It's impact will soften with time though. Eventually after 6 years they fall off your rating altogether.
2. No, defaults don't last longer than 5 years they fall off so no lender will see this anymore.
This has much more info about defaults:
http://dalepie.wordpress.com/2012/06/09/whats-in-a-default/
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I was wondering if I would be able to get credit before the 6 years ended.
It is still on my report I am currently having a row with halifax about it what I wanted to know is because the address is so old will creditors be able to see it if it is on the report.Total Debt: £4610.75
Debt Free Date: May 2016.0 -
billinghamfan wrote: »I was wondering if I would be able to get credit before the 6 years ended.
It is still on my report I am currently having a row with halifax about it what I wanted to know is because the address is so old will creditors be able to see it if it is on the report.
Yes you will almost certainly still be able to get credit ... but the terms may not be very attractive.
If you can see something on your credit report, then so can any prospective lender who looks.0 -
billinghamfan wrote: »I was wondering if I would be able to get credit before the 6 years ended.
Some credit, probably. But possibly not at good rates or good deals.billinghamfan wrote: »It is still on my report I am currently having a row with halifax about it what I wanted to know is because the address is so old will creditors be able to see it if it is on the report
If your credit file has correctly linked the accounts from old and new addresses together, then yes they should show up.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
So once halifax has removed the old record I will be able to get credit but at a worse rate? As the default is settled and three years old?Total Debt: £4610.75
Debt Free Date: May 2016.0
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