• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Arrangement to pay? Is this fair?

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Arrangement to pay? Is this fair?

    My partner and myself are in the process of a mortgage application which has been declined on the grounds of an arrangement to pay indicator on my partners Barclays current account.


    I rang barclays complaints and spoke with one of the managers who referred to their consumers credit department. They said their actions are 100% correct but I don't believe so.


    Our situation is; last year we took a reserve facility off a bank account from barclays. The charges were horrendous, they declined the account to have an overdraft facility so we switched payments and income to my account. Well my partners account was then hit by a direct debit that we had switched (should have gone out of my account) which we had just enough money to cover the most recent reserve charges and other direct debits. It then failed to pay the small direct debits we had left on the account causing even more charges. Eventually the account was almost £200 in an unauthorised overdraft caused by a build up of bank charges. Only £16 was a dd. This happened in November. We rang up Barclays and told them, after receiving a letter to bring the account up to 0, that because of the circumstances we would get the account in the plus on dec 21st as this was when I received bonus/holiday pay. They said that was absolutely fine. We also paid £50 at that time so it was overdrawn by 144. We done as we said and paid the amount off and the account has been in the plus ever since. I looked at the credit report on experian and saw a status 1 (late payment marker) relating to the amount and thought fine that's to be expected. However when recently applying for a mortgage it was declined on the grounds of an arrangement to pay being on the credit report. We never entered into a legal agreement to our knowledge and had no paperwork sent through to confirm this, but no doubt our phone call to them caused It. After checking our experian credit report again I saw the 'arrangement to pay' stating the dates 1/1/2013 until 1/4/2013? I mentioned this to Barclays complaints who said this is correct as it was reported to the CRA 4 weeks after the arrangement was made. Is this above board? Im dubious and would like a second opinion. As expected, We are very keen to try and get this amended/lifted as this is what is causing us trouble with our mortgage application.
    Tags: None

  • #2
    Re: Arrangement to pay? Is this fair?

    Originally posted by Jk90 View Post
    My partner and myself
    Is this a civil partnership or are you just shacked up together?

    Comment


    • #3
      Re: Arrangement to pay? Is this fair?

      Originally posted by CleverClogs View Post
      Is this a civil partnership or are you just shacked up together?

      Been living together for 7 years and engaged. We decided to try and buy a home before getting married. Why?

      Comment


      • #4
        Re: Arrangement to pay? Is this fair?

        Originally posted by Jk90 View Post
        Been living together for 7 years and engaged. We decided to try and buy a home before getting married. Why?
        The rules may be different for couples who are actually married as husband and wife, or "married" as husband and husband, or as wife and wife.

        Comment


        • #5
          Re: Arrangement to pay? Is this fair?

          Originally posted by CleverClogs View Post
          The rules may be different for couples who are actually married as husband and wife, or "married" as husband and husband, or as wife and wife.

          Right and what rules are you referring to?

          Comment


          • #6
            Re: Arrangement to pay? Is this fair?

            Linking her data with you, and vice-versa.

            Comment


            • #7
              Re: Arrangement to pay? Is this fair?

              Originally posted by CleverClogs View Post
              Linking her data with you, and vice-versa.
              It's a joint application so we are both linked. I'm asking more about the arrangement to pay on the credit file. I don't think it's fair but it must be.

              Comment

              View our Terms and Conditions

              LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

              If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


              If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
              Working...
              X