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Mortgage rejected

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Comments

  • kingstreet
    kingstreet Posts: 39,315 Forumite
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    Efficiency/cost/speed I suspect.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • amnblog
    amnblog Posts: 12,761 Forumite
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    csgohan4 wrote: »
    Why do Lenders not use all three CRA's for completion?


    Another way to look at it is why are so many credit applications in the UK influenced by one of these three firms when it is clear that the data can be inaccurate in this way.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • csgohan4
    csgohan4 Posts: 10,600 Forumite
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    amnblog wrote: »
    Another way to look at it is why are so many credit applications in the UK influenced by one of these three firms when it is clear that the data can be inaccurate in this way.

    Exactly, why not have a more central database, than separate ones where things may not be picked if not looking at X
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    amnblog wrote: »
    I suspect not. People clear debt all the time. Often family helps.

    Precisely my point. Mortgage application. Large amount of debt disappears instantly. Or has it simply been hidden from view. Hence the "wondering".
  • Malmo
    Malmo Posts: 710 Forumite
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    Bex888 wrote: »
    It was late because we both thought the other person had paid it

    Not central to your post, but is there no direct debit set up to automatically pay the credit card account in question?
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