COVID holiday payment has affected my credit rating - mortgage declined

ACG

HelsBels71 said:

Thanks for your replies -  much appreciated.
Realistically if the score dropped overnight for unknown reasons, how long will it usually take to update if Barclays say they closed the complaint and rectified the status from ‘arrears’ to ‘payment holiday’ at their end yesterday?

You need to ask Barclays.
When I worked for RBS (13 years ago), we used to update credit reports on the 1st of the month, but a lot could have changed in that time. 

HelsBels71

I’ll give them a call on Monday about the credit file, thanks again

[Deleted User]

Honestly just ignore the stupid score Experian gives you. This just goes to show the score is meaningless because someone genuinely in arrears of their mortgage by 4 months “should” have a terrible score. Barclays are pretty good at cracking on with amending credit reports fast. The credit agency will update - but it can take weeks. Just keep checking till the reports on ALL THE AGENCIES show the true payment history. 

HelsBels71

Densol said:

Honestly just ignore the stupid score Experian gives you. This just goes to show the score is meaningless because someone genuinely in arrears of their mortgage by 4 months “should” have a terrible score. Barclays are pretty good at cracking on with amending credit reports fast. The credit agency will update - but it can take weeks. Just keep checking till the reports on ALL THE AGENCIES show the true payment history. 

Thank you. You’ve given me some hope, even if it only lasts until Monday!

[Deleted User]

HelsBels71 said:

Densol said:

Honestly just ignore the stupid score Experian gives you. This just goes to show the score is meaningless because someone genuinely in arrears of their mortgage by 4 months “should” have a terrible score. Barclays are pretty good at cracking on with amending credit reports fast. The credit agency will update - but it can take weeks. Just keep checking till the reports on ALL THE AGENCIES show the true payment history. 

Thank you. You’ve given me some hope, even if it only lasts until Monday!

Even if not updated Monday it WILL eventually update. I had a case where a water utility said they would update a mistake and I think that went through in a matter of two weeks. Just have to wait for due process to be done. 

HelsBels71

So my credit report has updated overnight with my mortgage payment history changing from ranging from 1 to 6, down to 1 to 3. I’m hoping this will help when I speak to my MA tomorrow.

ACG

It wont. 

It still shows as being 3 months in arrears.