Nationwide : Arrangement to pay

Dribiddi

Hi.
Could someone give me guidance on APs and if I have any grounds for Nationwide to give me a bit of a break.
Late 2013 I'd just moved into my first flat, and within a few weeks lost my job :-0, I was out of work for about 3-4 months.
My finances were really stretched for a bit, but I by and large maintained all my commitments, in part by going into overdraft on the x3 current accounts I had with nationwide. At the age of 23/24 I'd never even had an overdraft prior. I never properly got on top of these overdrafts as my council tax had fallen a bit behind and by towards the end of 2014 Nationwide advised they would be removing the facility - fair enough I can understand this.
My contention is that in dealing with the matter and advising I couldn't easily pay down the overdraft amts at once they offer you an AP to bring it down gradually - I advised I'd pay down £100 per month on each account and stuck to each arrangement. These APs are now a major detractor on my credit file, which I find so annoying because I faced everything head on and was always upfront with them regards my circumstances. They of course give you no indication of the impact on credit file, why couldn't they even just say "this may affect your ability to gain credit in the future" or something akin rather than the generic "this will be reported to credit reference agencies." If I had grasped the impact I could have possibly accessed a savings account my parents had for me or just asked them outright for assistance.
Bottom line am I stuck with the impact of these damn things for another 4 years or is there anything that could be done in mitigation?

Thanks

[Deleted User]

There's no grounds for removal. Failing to adhere to the terms will always impact your credit files negatively. However, it is up to each lender to decide what they think of of the markers.

The markers will be visible for 6 years after the last one, so the quicker the accounts are cleared, the better.

Dribiddi

I thought so really annoying could have been avoided on my part.
None of the accounts have been in AP for 2 years so just the 4 to go :mad:
Related question - a part of the site infers some mortgage provides only use Experian (I can't post the link) Does anyone know if this is still the case? (Co-op, Halifax, HSBC were noted) For some strange reason the APs do not register with Experian and I have a really high score with them. My score with CC and Eq isn't too bad, 700 but the APs are a detractor

[Deleted User]

Some only use one CRA, but the mix constantly changes, so don't rely on it.

Remember that no one sees the scores - only the data. So don't take the score as any kind of guide as to how your files will be viewed.

boo_star

An AP is just that, an arrangement to pay.

You had/have an arrangement to pay so the markers are correct.

Dobbibill

Dribiddi wrote: »

Related question - a part of the site infers some mortgage provides only use Experian (I can't post the link) Does anyone know if this is still the case? (Co-op, Halifax, HSBC were noted) For some strange reason the APs do not register with Experian and I have a really high score with them. My score with CC and Eq isn't too bad, 700 but the APs are a detractor

This is probably what you are referring to

http://www.moneysavingexpert.com/credit-cards/credit-reference

Be mindful this was published over a year ago and things may have changed.

Get a good mortgage broker and they may be able to tell you and also tailor the advice to your situation.

As zx81 said, don't base your eligibility on a CRA score that a lender does not see.