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Would a broker...?
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Credit report goes back 7 years, internal records are forever.
So if you have a bad debt with a bank its a good idea to avoid them in the future even if your credit report is clean as they will forever have a record of you as not paying debt.
Its not always an instant decline, ive had a halifax approval for someone who defaulted with Halifax, but its better to avoid if you can0 -
If you have a default with Natwest/RBS (or any of their other companies such as Mint credit cards), even if it was from 1990, they are like an elephant and never forget. They will hold it against you forever.jazzyja said:
Sorry can you elaborate what you mean by internal markers....do you mean like unarranged overdrafts etc? I do bank with RBS. I have good account management overallkingstreet said:
... as long as you don't have any RBS Group internal markers on your file then you think it's all going swimmingly until two weeks into the application and you get a sudden decline message. These last forever. There is no redemption period I know of...Deleted_User said:Natwest dont have much criteria. Everything is driven by their scoring. If you have passed a DIP and you dont have bankruptcy, debt management, or iva then you should be fineI 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 -
I mean, I once went over my overdraft probably about 5-6 years ago but was out of it the same day....ACG said:
If you have a default with Natwest/RBS (or any of their other companies such as Mint credit cards), even if it was from 1990, they are like an elephant and never forget. They will hold it against you forever.jazzyja said:
Sorry can you elaborate what you mean by internal markers....do you mean like unarranged overdrafts etc? I do bank with RBS. I have good account management overallkingstreet said:
... as long as you don't have any RBS Group internal markers on your file then you think it's all going swimmingly until two weeks into the application and you get a sudden decline message. These last forever. There is no redemption period I know of...Deleted_User said:Natwest dont have much criteria. Everything is driven by their scoring. If you have passed a DIP and you dont have bankruptcy, debt management, or iva then you should be fine0
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
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