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Potential credit file issue nationwide DIP-please help
jonnym8083
Posts: 303 Forumite
So I’ve had a nightmare with an old closed account. It’s an old payday loan settled April 2018.
We had DIP approved with nationwide 15th November which is valid for 3 months.
When my credit file updated in December I see this old lender had randomly but a default against me even thought account had been closed and settled with no negative info for 18 months. I contacted them immediately. They have apologised and removed this default and updated the credit agencies. Upon checking my updated credit file they have removed the default, set as settled but put the settled date as November 2019 when it should be April 2018.
My concern is that our dip is valid until 15th Feb and we were looking to go to full application next week but with a payday loan now showing as settled only 2 months ago and this information being different to when we were soft searched when we applied for DIP?
What can I do? Will this affect anything or not? I’m really worried as I can’t see how the old lender could update non time for our full application. We are buying a new build and have already pushed back this application as I’ve had to wait for them to remove this default that shouldn’t of been there. Obviously in November when we passed for DIP none of this had occurred. Just wondering how this would affect a mortgage application. If anyone with any experience of nationwide procedure, hard search what they will see etc could advise I’d be really grateful. Thanks
We had DIP approved with nationwide 15th November which is valid for 3 months.
When my credit file updated in December I see this old lender had randomly but a default against me even thought account had been closed and settled with no negative info for 18 months. I contacted them immediately. They have apologised and removed this default and updated the credit agencies. Upon checking my updated credit file they have removed the default, set as settled but put the settled date as November 2019 when it should be April 2018.
My concern is that our dip is valid until 15th Feb and we were looking to go to full application next week but with a payday loan now showing as settled only 2 months ago and this information being different to when we were soft searched when we applied for DIP?
What can I do? Will this affect anything or not? I’m really worried as I can’t see how the old lender could update non time for our full application. We are buying a new build and have already pushed back this application as I’ve had to wait for them to remove this default that shouldn’t of been there. Obviously in November when we passed for DIP none of this had occurred. Just wondering how this would affect a mortgage application. If anyone with any experience of nationwide procedure, hard search what they will see etc could advise I’d be really grateful. Thanks
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Comments
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I would be on the phone to the pay day lender and the credit reference agency today to make sure they correct it as a matter of urgency!I am a Mortgage AdviserYou 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.0
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