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Wrong balance on Credit report
gprit
Posts: 24 Forumite
I had a Default notice from NWHL in 2012 for not keeping up mortgage
payments. Mortgage was approx £550,000.
Subsequently the amount owing has been reduced to £40,000.
Checking my credit report last month I see two things:
1) The entry does not state it is defaulted - it says satisfactory
2) The balance on the NWHL mortgage shows £465,000 approx - a figure I cannot reconcile with anything.
I wrote to NWHL asking them to correct the balance, but they have replied stating that as the entry was registered when the default notice was issued they cannot amend.
Is this correct?
payments. Mortgage was approx £550,000.Subsequently the amount owing has been reduced to £40,000.
Checking my credit report last month I see two things:
1) The entry does not state it is defaulted - it says satisfactory
2) The balance on the NWHL mortgage
shows £465,000 approx - a figure I cannot reconcile with anything.I wrote to NWHL asking them to correct the balance, but they have replied stating that as the entry was registered when the default notice was issued they cannot amend.
Is this correct?
0
Comments
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The balance that shows on your credit report is very rarely correct.
Balances do change, usually on a monthly basis, and most lenders do not always update every month.
Its more of a general figure, and should not be relied on for accuracy.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
I appreciate that, but the figure shown is widely misleading......!0
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Must be someone who has definitive answer??0
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Must be someone who has definitive answer??
Hi,
My post above just about covers it, you wont get a more definitive answer, credit reports are not always kept up to date.
If you have a problem with anything on your report, raise a dispute with Noddle, very easy to do, from there website.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Didn't know about Noddle - thank you.
However, when trying to raise a dispute on this, it pops upto contact the lender......0
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