We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Paying less than minimum payment

2»

Comments

  • MovingForwards
    MovingForwards Posts: 17,178 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Just be careful in case it gets sold on and the buyer decides to put an AP marker on your credit file, that stays on your history for 6 years after your last payment.

    Perhaps you should post a statement of affairs so we can assist overall with budgeting.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Fergsteris007
    Fergsteris007 Posts: 15 Forumite
    So after it being 6 years and removed from your credit file Will your credit score jump up?
  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It might jump up, it might drop like a stone or it might just stay the same. The score isn't related to credit worthiness in the UK.
  • Fergsteris007
    Fergsteris007 Posts: 15 Forumite
    Bloody nightmare these credit ratings :)
  • Fergsteris007
    Fergsteris007 Posts: 15 Forumite
    Especially when there are 3 different providers and you gotta keep checking they all have the same info. Never really know if one has incorrect info and lenders penalise you for it
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Fergsteris007 wrote: »
    Especially when there are 3 different providers and you gotta keep checking they all have the same info. Never really know if one has incorrect info and lenders penalise you for it

    Neither score or rating is correct.

    What matters is the data on your files
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
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.
Update Your Picture