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Getting a mortgage with a default
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tyski34
Posts: 3 Newbie
I want to know how the default system works on credit report as I have a default from August 2019 and it's been put on my credit report that I defaulted consistently for another 20 months which I will contest however under default date it says 7 August 2019 Now my question is will they take all of these defaults into account or only the default date they have labelled?
im not sure if i have explained it well but there is a calendar showing my paynent history with this company on my credit rating and from august 2019 to aoril 2021 its labelled D D D D D D for each month but the defaumt date it says 2019
i can take a photo if need be!
thanks for your time guys!!
im not sure if i have explained it well but there is a calendar showing my paynent history with this company on my credit rating and from august 2019 to aoril 2021 its labelled D D D D D D for each month but the defaumt date it says 2019
i can take a photo if need be!
thanks for your time guys!!
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Comments
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Thats normal.
Mortgage lenders will see the default was from August 2019, not 2021. They will see that you had a new default in 2019. They wont see it as though you had a new default every month.
I 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 -
If you can wait until its removed in August it'll be like it never existed!"You've been reading SOS when it's just your clock reading 5:05 "1
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This is what I'm talking about, just to ensure what I've said makes sense
Thanks for all of the help guys
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Thats completely normal.I 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.1
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Unless you are applying to the same lender (or any lender part of a wider banking group) who will have a record of the default.sammyjammy said:If you can wait until its removed in August it'll be like it never existed!1 -
Appreciate your feedback on this and yes you've made my week to know that this won't be on top of me after Augustsammyjammy said:If you can wait until its removed in August it'll be like it never existed!0 -
just hope they dont issue last min ccjDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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