Error on Nationwide report showing Arrears

jsrose

Hi, so after being refused a small increased overdraft i decided to check my credit report on Clears Score.  It showed an arrears- worsening- on my mortgage which was the first I’d heard of it.

i called Nationwide and they confirmed there were no arrears and they had not ‘reported’ me and to get in touch with Equifax

After a bit of backwards and forwards, they have confirmed the error and that my report will be amended within 5 days.

will this be an issue in the future ?  Should i just accept this?

thanks

Ebe_Scrooge

jsrose said:

will this be an issue in the future ?

No.  Once the error is corrected then there will be no trace of it on your file.

jsrose said:

 Should i just accept this?

I would say so.  If you had suffered any quantifiable financial loss due to the error then it would be reasonable to claim recompense.  But from what you've described it was simply an error that has resulted in no lasting damage.

[Deleted User]

Also worth noting that having an increased OD (assuming you're increasing it because you need to use it) will do far more damage to your credit record than an incorrectly reported error which will be removed completely

Jumblebumble

Ebe_Scrooge said:

jsrose said:

will this be an issue in the future ?

No.  Once the error is corrected then there will be no trace of it on your file.

jsrose said:

 Should i just accept this?

I would say so.  If you had suffered any quantifiable financial loss due to the error then it would be reasonable to claim recompense.  But from what you've described it was simply an error that has resulted in no lasting damage.

Interesting 
How can you be so confident  that the supplier who refused the overdraft increase has removed the arrears marker from their own records and so if the OP applies again there will not still be a problem because of the error ?

Ebe_Scrooge

Jumblebumble said:

Ebe_Scrooge said:

jsrose said:

will this be an issue in the future ?

No.  Once the error is corrected then there will be no trace of it on your file.

jsrose said:

 Should i just accept this?

I would say so.  If you had suffered any quantifiable financial loss due to the error then it would be reasonable to claim recompense.  But from what you've described it was simply an error that has resulted in no lasting damage.

Interesting 
How can you be so confident  that the supplier who refused the overdraft increase has removed the arrears marker from their own records and so if the OP applies again there will not still be a problem because of the error ?

A fair point, but I was working on the assumption that it would be removed as they had told the OP it would.

[Deleted User]

Jumblebumble said:

Ebe_Scrooge said:

jsrose said:

will this be an issue in the future ?

No.  Once the error is corrected then there will be no trace of it on your file.

jsrose said:

 Should i just accept this?

I would say so.  If you had suffered any quantifiable financial loss due to the error then it would be reasonable to claim recompense.  But from what you've described it was simply an error that has resulted in no lasting damage.

Interesting 
How can you be so confident  that the supplier who refused the overdraft increase has removed the arrears marker from their own records and so if the OP applies again there will not still be a problem because of the error ?

Are you suggesting the bank would keep a record of something noted on the CRA report in a local notice rather than check again when OP applies later? If so, no, they wouldn't keep an out of date record

Flat_Earther

Jumblebumble said:

Ebe_Scrooge said:

jsrose said:

will this be an issue in the future ?

No.  Once the error is corrected then there will be no trace of it on your file.

jsrose said:

 Should i just accept this?

I would say so.  If you had suffered any quantifiable financial loss due to the error then it would be reasonable to claim recompense.  But from what you've described it was simply an error that has resulted in no lasting damage.

Interesting 
How can you be so confident  that the supplier who refused the overdraft increase has removed the arrears marker from their own records and so if the OP applies again there will not still be a problem because of the error ?

They won't.

The bank will only keep records of events that have happened within their own systems. If it happens outside of that they won't keep a record of it, other than the obvious "they failed a credit check."

And I can be so confident because I have worked for a bank in a credit control situation.

Jumblebumble

Flat_Earther said:

Jumblebumble said:

Ebe_Scrooge said:

jsrose said:

will this be an issue in the future ?

No.  Once the error is corrected then there will be no trace of it on your file.

jsrose said:

 Should i just accept this?

I would say so.  If you had suffered any quantifiable financial loss due to the error then it would be reasonable to claim recompense.  But from what you've described it was simply an error that has resulted in no lasting damage.

Interesting 
How can you be so confident  that the supplier who refused the overdraft increase has removed the arrears marker from their own records and so if the OP applies again there will not still be a problem because of the error ?

They won't.

The bank will only keep records of events that have happened within their own systems. If it happens outside of that they won't keep a record of it, other than the obvious "they failed a credit check."

And I can be so confident because I have worked for a bank in a credit control situation.

Fair enough