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!
Arrers credit file
sim2335
Posts: 588 Forumite
One thing I don’t understand on credit file, is say you miss payments for 4 months on a loan , every month this should show missed, until you clear the arrears.
What if you then still pay your Monthley payments but don’t clear the arrears should this show Monthly payments made
What if you continue missing the payments should this show 2 miss payments to accurately reflect credit file one for arrers and one for miss payment.
Also how bad are missed payments for mortgage saying all your other debts, is it best to wait a year.
0
Comments
-
If you go 3 months behind and then only pay the current month off it will continue to show you are 3 months behind, yes.1
-
How many times are you going to start new threads to ask the same question about if missed payments will effect a mortgage application?Debt Free: 06/03/2020 Highest Debt: £37,5140
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards