We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Will paying a debt remove a black mark?

Options
qwerty0223
qwerty0223 Posts: 9 Forumite
edited 25 August 2016 at 2:15PM in Credit file & ratings
Went to see a mortgage advisor. Was told that I have a black mark against my name, so can't offer mortgate unless i have 35% deposit.

Black mark is Tmobile (scumbags) so if I pay this will it remove it?

If not, then my life is basically !!!!ed because Tmobile tried to shaft me.


Edit : I spoke with Tmobile and they said it will be marked as paid, my mortgage guy said they could clear it.

Comments

  • glentoran99
    glentoran99 Posts: 5,825 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Think we need more information, what's the black mark? When was it?
  • Think we need more information, what's the black mark? When was it?

    I stupidly cancelled a direct debit from Tmobile in 2011 after telling then 3 months to cancel my rolling contract and they failing to do so. So I spoke to my mortgage guy and he stated there was a mark against my score for defaulted payment.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you pay it, it will be marked as settled, which is better than defaulted and unsettled.
  • Candyapple
    Candyapple Posts: 3,384 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It would be a 5 year old default. Some lenders ignore defaults from mobile phone companies. Who is the lender?

    You would be better off speaking to a broker as they will know what lenders would suit your situation.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.