Defaults

Teaandtoast0124

Hi ive just been on the phone to a mortgage advisor. And i told him that my default fell off my file on the 26th november. (End of the 6 years) but he said it doesnt matter as lenders can still see the defaults even if they have fell off, and will affect you forever. Is this right?

rizla_king

Teaandtoast0124 wrote: »

Is this right?

No.

I would get a new mortgage advisor ASAP.

The one you have is talking out his backside.

Thrugelmir

The lender that you defaulted on may keep a generic record of some kind. Nothing specific. In essence a "do not do business with" note.

dumpyboy

I had this with the Norwich and peterbourgh when I tried to open a current account(as one of my posts) they told me of a default with Lombard from 2007 long removed from my credit file told me date and amount no one on here answear how other then linked company's they also told me it is fraud if I do not tell people that I had the defaults how ever old they are

Teaandtoast0124

Ok thanks for the advice. I would of thought it was a 6 year rule for a reason

Pointless them dropping off it they still count after year 6

Thrugelmir

Teaandtoast0124 wrote: »

Pointless them dropping off it they still count after year 6

If you ran your own business. Would you deal again with somebody who didn't pay their dues?

rizla_king

dumpyboy wrote: »

I had this with the Norwich and peterbourgh when I tried to open a current account(as one of my posts) they told me of a default with Lombard from 2007 long removed from my credit file told me date and amount no one on here answear how other then linked company's they also told me it is fraud if I do not tell people that I had the defaults how ever old they are

Thats not what you said N&P told you on your previous thread about it. You said that they saw the arrangement you currently had on your credit report and used that to surmise you probably had other defaulted accounts. Cant believe anything you post as your story changes each time.

rizla_king

Teaandtoast0124 wrote: »

Ok thanks for the advice. I would of thought it was a 6 year rule for a reason

Pointless them dropping off it they still count after year 6

Rule is there for a reason and they do drop off.

As said unless you defaulted with a particular lender before once they are dropped off another lender will never know they existed.

That is a fact.

Teaandtoast0124

Yeh i understand with the same company. But the default was with 02 communications. And im looking for a mortgage with halifax or nationwide. Unless 02 pass information to them?

rizla_king

No they dont. You will be fine.

Teaandtoast0124

Thanks rizla king. Weight off my mind. Change of mortgage advisor i think. And to think they were voted one of the best in the country.