What do these numbers mean - credit record help

Moneylockdown

Afternoon

So after a long hard look at our finances we have resigned ourselves to accepting that we won't be applying for a mortgage till late 2016 however I have a question on our credit report.

Last year we took our a provident loan for my MIL which she stopped paying (I've learnt the hard way from the mistake) and didn't tell us until November 2014 to which we paid off in December 2014 to protect our credit rating from any more damage than had already been done. I have since checked the credit rating and it shows the below:

I guess my main questions are:

1. What does this mean for us being able to get a mortgage in November/ December 2016?
2. Are these late payments or a default?

Any help would be greatly appreciated.

XxX

Malmo

What exactly does the report show and which Credit Reference Agency did you obtain the report from? You will need to obtain reports from all 3 agencies (Experian, Equifax and Callcredit/Noddle) to get the fullest and most complete picture of your data as different lenders/services report to any combination of 1, 2 or 3 agencies.

Suggest you read up on this MSE article to understand the myths about credit "scores".

Moneylockdown

It won't let me load the image for some reason but it shows:

1 2 2 2 3 3 3 3 3 then it was paid off in the December of the final balance £527

X

Moneylockdown

Malmo wrote: »

What exactly does the report show and which Credit Reference Agency did you obtain the report from? You will need to obtain reports from all 3 agencies (Experian, Equifax and Callcredit/Noddle) to get the fullest and most complete picture of your data as different lenders/services report to any combination of 1, 2 or 3 agencies.

Suggest you read up on this MSE article to understand the myths about credit "scores".

Thank you for your response - it is just from noodle as it was free to check xx

20aday

The numbers you've quoted relate to how many months the account was in "arrears."

So 1- up to one month late, 2 up to two months late etc.

If it'd been registered as a Default I think Noddle show it as either an '8' or 'D' but I can't find that out on their site.

Other posters will be in a better position (than me) to tell you about a mortgage application come December 2016.

Malmo

If you need some guidance on the likely impact of the arrears on a potential mortgage application, the contributing brokers on the Mortgages and Endowments board will be able to help, so post your circumstances there along with the likely mortgage LTV (Loan to Value) you think you'll need and purchase price range you'll be looking at and your income (basic and additional).

Moneylockdown

Thank you all for your help - will go on over to the mortgages and endowments board now :-) x