Credit Report Agencies

[trevor2912]

My credit rating has been severely downgraded to virtually zero, although I do not owe anyone any money. I have been misled by by mortgage company about flexibility and have been told that as long as I pay within a 7 day window, my credit would not be adversly affected. On several occasions over the past few months income has arrived in my bank up to 3 days late. I did not bother to change my direct debits because of the situation stated above, BUT I did accept the first returned payment charge from my current account ( FD).

I owe nothing, but am being treated like I am a major toxic defaulter, and have had a mortgage application for another property refused as a result. This cannot be correct, or just. My Mortgage company have even admitted that they have made a mistake, and offered me £25 compensation - an insult - it is goingcost me £82,500. HELP, I don't know what to do - neither my bank nor the mortgage Co. will correct my credit report.

[teaboy2]

Re: Credit Report Agencies

I know exactly how you feel. Fortunately am fairly wealthy now compared to being on the bread line like i was back in mid 2009, before starting my business, so getting credit is not something i need to care about nowadays. Though Defaults i had have all now been removed, except for 1 for a debt thats not even mine, which am still working on, and still my rating is like 1 out 5.

[alham]

Re: Credit Report Agencies

http://www.moneysavingexpert.com/loa...g-credit-score - read through this. Your bank can't correct your report as it is your mortgage company that marked you. Have you tried contacting senior customer services at MC in a non-confrontational manner to start off " I've relied on the information from your colleagues in good faith. Unfortunately it turned out to be incorrect as a result I was late with some payments. You admitted that a mistake has been made and offered me a compensation. However, I am more interested in repairing my credit history - what can WE do to reach an amicable solution?" Often, once you've maintained regular payments due for a number of months they will find a way to help you (or so happened to me). Four months of regular payments and my bank (FD) sorted things out.

Hope this helps.