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Incorrect credit balance on report prior to exchange on property

lf93
Posts: 67 Forumite

Hi,
First post here, thought about posting in the mortgage sub but I think this might be a better place.
I have had a mortgage approved and we are near to exchange on a property.
I check my credit reports with Equifax, Transunion and Experian regularly when they update.
Equifax and Transunion this week are reporting a balance on my credit card of >£1000 which is incorrect, this was paid off in mid Jan (work related expenses and paid off the same month as the statement). I have checked with the actual card and the balance is 0 (I had a brief panic this was fraudulent).
My 2 concerns are:
- If I leave it and let it refresh itself eventually (I assume there is just a delay in reporting the payment?), the mortgage company may do a second search before exchange and see a 'new' balance of £1000
- If I dispute it with the agencies, the mortgage company will see a dispute on my file and may not be willing to lend...
Is this something I should be concerned about?
Thanks
First post here, thought about posting in the mortgage sub but I think this might be a better place.
I have had a mortgage approved and we are near to exchange on a property.
I check my credit reports with Equifax, Transunion and Experian regularly when they update.
Equifax and Transunion this week are reporting a balance on my credit card of >£1000 which is incorrect, this was paid off in mid Jan (work related expenses and paid off the same month as the statement). I have checked with the actual card and the balance is 0 (I had a brief panic this was fraudulent).
My 2 concerns are:
- If I leave it and let it refresh itself eventually (I assume there is just a delay in reporting the payment?), the mortgage company may do a second search before exchange and see a 'new' balance of £1000
- If I dispute it with the agencies, the mortgage company will see a dispute on my file and may not be willing to lend...
Is this something I should be concerned about?
Thanks
0
Comments
-
No. You don't see a real time view on your reports, whereas lenders do.0
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Also if necessary you could show up to date statements evidencing the balance has been cleared0
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