{"id":66718,"date":"2017-09-18T17:18:59","date_gmt":"2017-09-18T10:18:59","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-bad-is-a-credit-record-default-for-a-mortgage-application\/"},"modified":"2017-09-18T17:31:24","modified_gmt":"2017-09-18T10:31:24","slug":"how-bad-is-a-credit-record-default-for-a-mortgage-application","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-bad-is-a-credit-record-default-for-a-mortgage-application\/","title":{"rendered":"How bad is a credit record default for a mortgage application?"},"content":{"rendered":"


\nO2 hit me for \u00a310 owed at the end of a contract. Now I worry if I\u2019ll be able to buy a houseQ My partner and I want to buy our first home. We started the process of looking into this last year, thinking that it would be relatively straightforward once we had our deposit saved.We both have good jobs and assumed we had no debt. I then did a check of my credit file and realised O2 had slapped a default on it for \u00a310 owed at the end of a contract. I have disputed this endlessly but it is unwilling to remove it, as it sent a text to my phone informing me of the debt \u2013 a phone which I no longer have. Anyway, I paid the debt collection company which O2 used. Continue reading…
\n
\nSource : theguardian.com
\nRead more…How bad is a credit record default for a mortgage application?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

O2 hit me for \u00a310 owed at the end of a contract. Now I worry...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-66718","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hm6","jetpack-related-posts":[{"id":123414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-buy-my-first-home-because-i-owe-13-to-o2\/","url_meta":{"origin":66718,"position":0},"title":"I can\u2019t buy my first home because I owe \u00a313 to O2","date":"November 24, 2021","format":false,"excerpt":"\r My mortgage application was turned down because my credit record shows a default on an old accountAfter years of saving, I finally have the means to buy my first home. However, my mortgage application was declined because my credit record shows a \u00a313 default against an O2 account that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30663,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ee-failed-to-help-me-out-over-poor-credit-score-which-threatened-my-mortgage\/","url_meta":{"origin":66718,"position":1},"title":"EE failed to help me out over poor credit score which threatened my mortgage","date":"October 19, 2016","format":false,"excerpt":"\r I discovered a default had been recorded on Experian, but I\u2019ve never had an EE accountI was reading an article from 2013 highlighting how a couple almost missed out on their dream house due to a \u00a310 debt to a mobile phone provider. This has happened to me.I needed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100342,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-have-25000-in-credit-card-debt-can-i-get-a-mortgage\/","url_meta":{"origin":66718,"position":2},"title":"I have \u00a325,000 in credit card debt \u2013 can I get a mortgage?","date":"October 22, 2018","format":false,"excerpt":"\r I have not missed any payments, but fear I will be rejected due to my maxed-out cardsQ I am 47 and on a good annual income of \u00a345,000, but owe \u00a325,000 in credit card debt, which is nearly 90% of my available credit. My wife is 37 and has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-credit-score-agencies-have-the-power-to-make-or-break-lives\/","url_meta":{"origin":66718,"position":3},"title":"How credit score agencies have the power to make or break lives","date":"July 17, 2017","format":false,"excerpt":"\r Defaults on a file often mean lenders will say no \u2013 to anything from a mortgage to a mobile phone contract. So what can you do?Omar Nasser came close to losing his home when his interest-only mortgage expired earlier this year and his application for a new loan was\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-gas-admits-an-error-that-could-lose-me-a-new-home\/","url_meta":{"origin":66718,"position":4},"title":"British Gas admits an error that could lose me a new home","date":"December 29, 2021","format":false,"excerpt":"\r My mortgage application was declined because of its mistake on my credit fileMy daughter faces having nowhere to live because of billing mistakes by British Gas. Her landlord served notice, in order to sell the property she was renting, and she was unable to find any other property to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-cost-of-buy-now-pay-later-how-catalogue-debt-adds-up\/","url_meta":{"origin":66718,"position":5},"title":"High cost of 'buy now, pay later': how catalogue debt adds up","date":"February 26, 2016","format":false,"excerpt":"\r Interest rates can be three times those of major credit cards once 0% period endsConsumers have been warned of the high cost of using \u201cbuy now, pay later\u201d deals offered by catalogues and online retailers, some of which charge almost three times as much interest as major credit cards.Debt\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66718"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=66718"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66718\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}