Experian Credit Reports Uk
2010
Can we get another mortgage with poor credit? UK?
Hi,
My husband and I want to move house. We have had a mortgage since 2007, but unfortunately, last year, my husband took out a mobile phone contract, changed his mind and never paid it (idiot I know!- I had no idea)
Recently, I applied to look at our credit reports with Experian. Mine is all good, but his has got 1 red ‘8 or more defaults’ next to the mobile phone contract (thats how I found out!) everything else is good though.
What are the chances of us being able to get another mortage/re mortgage? We are with Natwest bank who said the only way they can really tell confirm by ‘getting a mortgage in principle’, however this goes against your credit score so its a catch 22!
As I said, everything is good except that and we have around £20k equity. The mobile phone company have written off the balance now but said even if we re opened the dispute and paid the balance (£900!) it wont change the bad mark on his report.
any advice would be great thanks x
Very unlikely due to your husband’s bizare mobile phone contract activity. Did he think the contract would somehow magically disappear? He has ruined his credit report for 7 years from the date the debt was written off. If he pays the money, the account would be marked Paid In Full on the credit report as opposed to Debt written off
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