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Notice of Correction on Default is it worth it ?

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I have just gone to put a notice of correction on my Experian Credit File and have been informed by them that I quote "If a Notice of Correction is added, applications for credit will need to be manually looked at, so your statement can be read. This means you won't get credit instantly on-line, by telephone or in a store"

I am going to apply for a new mortgage in the Spring, and I know with this default I will probably get refused straight away as my credit score is not very good, but not sure whether this notice of correction will help the situation or just makes matters worse. Thank you

Comments

  • rizla_king
    rizla_king Posts: 2,895 Forumite
    With a mortgage application they will be doing a lot of manual checks anyway, and won't be using any 'instant' online decision method like the one described So if you want the NOC to be on there explaining the situation then put it on so it can be read.
    Still rolling rolling rolling...... :) <
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  • matttye
    matttye Posts: 4,828 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    How old is the default? The general consensus seems to be that a lot of providers will consider people with defaults over 3 years old.
    What will your verse be?

    R.I.P Robin Williams.
  • simeyb
    simeyb Posts: 212 Forumite
    Eighth Anniversary 100 Posts Combo Breaker
    Is the NOC that you are going to put on your file for a genuine reason? The reason that I ask is that have you attempted to have the Default removed by the original lender that put it there? If it's wrong to the extent that you feel you have a genuine greivance and a genuine NOC, then have a go at the lender and get it removed if you can.
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