Arrers credit file

sim2335

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.

bradders1983

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.

monetxchange

How many times are you going to start new threads to ask the same question about if missed payments will effect a mortgage application?