Credit Report - Late payments advice

Thrugelmir

LondonChris15 wrote: »

Ideally, I want them to know that this whole thing is their fault but I'm assuming I don't have a leg to stand on and should try the grovelling angle.

Did you complete the finance paperwork when you bought from DFS?

takman

GingerBob wrote: »

Yes there is. It's euphemistically referred to as "your" credit report by the CRAs, who've had great success in convincing most people that it really does belong to them. In fact it is very far from being yours, it belongs to the CRAs. "Your" credit report containing one recent late payment marker is a blacklist, and if it's got more than one it's as black as a black hole. If you think such a document is not a blacklist try obtaining a mortgage with one.

It's not a blacklist it's a record of your repayment history that lenders view and make a judgement based on its contents and their lending policy. I have there friends who have missed payments and one has defaults in the last 2 years. Using your logic they are on a blacklist and would never get any credit. In reality one of them got a mobile phone contract and the other two have poor credit history credit cards.

Saying your on a blacklist is just an uneducated response to being rejected for credit. The funny thing is two of them of gone on to default on their cards. So actually this just shows that being rejected for other credit was the correct choice!.