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Netty287
Posts: 3 Newbie
Hello,
My husband is due to have a (fully paid) default drop off his credit file in a few months.
We are currently looking into increasing our current mortgage and obviously atm the default is having a negative effect on his credit rating.
Does anyone know what we can expect from the default dropping off? It's the only one he has had.
Will his rating have a sudden increase when it's been updated on his credit file?
My husband is due to have a (fully paid) default drop off his credit file in a few months.
We are currently looking into increasing our current mortgage and obviously atm the default is having a negative effect on his credit rating.
Does anyone know what we can expect from the default dropping off? It's the only one he has had.
Will his rating have a sudden increase when it's been updated on his credit file?
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Comments
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Forget the rating, its a made up number, if the default no longer shows on his credit file, it will have no effect on the lenders decision making process.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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Why would it drop when it's a positive change not a negative? 😕0
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Because the scores are made up and react negatively to changes.
Seriously ignore the scores and ratings as no one sees or cares about them0 -
So once the default drops off we can apply straight away without the need to wait for the score to increase?0
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As long as the default is not with the same lender as your mortgage you should be good to go once it drops off0
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....yes.
You’re really not listening/reading.
IGNORE THE FICTICIOUS SCORE
Lenders do not see, care or use them0
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