Accidental missed mortgage payment

tom_uk87

I missed a mortgage payment by accident. I put funds into the wrong bank account. Once notified I transferred the funds to the correct account and assumed that Nationwide would re-try to take the payment but they didn't.

Any ideas on how I could get this off my credit file?

Tom

Ebe_Scrooge

Ring them up and ask them. If you've got an otherwise clean history and it was a genuine mistake, then many lenders will be prepared to remove the note from your credit file.


Be aware, they are under no obligation to do so - you missed a payment, so the note on your file is factually correct. But as I say, many ( most ? ) lenders will overlook a single mistake in an otherwise perfect history.


To prevent the same thing happening again, why not set up a DD ? In fact, I'm somewhat surprised that a mortgage is not paid by DD from the outset, that's the preferred option for most lenders.

27col

Your credit file is a record of facts. No-one is going to be very interested as to why a payment was missed. Only the fact that it was missed.
Otherwise there would be as many excuses/reasons for defaults as there were defaults.
Anyway, you have nothing to lose by asking them nicely.

GingerBob_3

27col wrote: »

Your credit file is a record of facts. No-one is going to be very interested as to why a payment was missed. Only the fact that it was missed.
Otherwise there would be as many excuses/reasons for defaults as there were defaults.
Anyway, you have nothing to lose by asking them nicely.

And therein lies one of the main reasons why the credit reporting industry is basically dysfunctional and in need of tough regulation.

Thrugelmir

GingerBob wrote: »

And therein lies one of the main reasons why the credit reporting industry is basically dysfunctional and in need of tough regulation.

You've obviously never been involved in debt collection. :eek:

There's plenty of people who will happily bend the rules to their own advantage.

Hence why CRA's do serve a useful purpose.

GingerBob_3

Thrugelmir wrote: »

You've obviously never been involved in debt collection. :eek:

There's plenty of people who will happily bend the rules to their own advantage.

Hence why CRA's do serve a useful purpose.

No, in my working life I've never descended to the depraved depths of the debt collector.


I agree, CRAs do - or should - serve a useful purpose. Lenders should be able to use their databases to obtain an accurate reflection of someone's credit worthiness, but in many cases they can't do that. The reason why they can't is that the databases are full of irrelevant chaff such as missed payments due to mistakes and misunderstandings (see yet another recent thread concerning Very). And not to mention the myriad problems caused by utilities and mobile phone providers.