I would appreciate some help/advice on this. I recently applied to Tesco for a loan of 8,000 for the purpose of clearing an (expensive high interest) AIB loan of 3000 and the remainder for various house issues. I was surprised to be declined a loan. I then applied to Halifax and was also declined. So I appled for my credit report and received it today.
It shows records of 5 personal loans (3 of which are now gone), our mortgage and 2 credit cards. All bar the mortgage are showing a perfect payment history. The mortgage is showing 23 out of 24 payments made on time. The problem is the 24th payment says "1" which means we are 1 payment in arrears.
What happened was in September I missed the direct debit (which I don't make a habit of) so I posted a cheque - it took 2 weeks to get the money to send them the cheque (back to school issues plus a flooded bedroom gave us temporary cashflow problems) so Bank of Scotland received the cheque on October 1st and they say (I rang them earlier) I had accrued extra interest because it went into a new month so they gave me a black mark with the ICB. I am gutted. I can't get a loan now (which I need) and also we were planning on re-mortgaging after Christmas. Am I in dire straits? Bank of Sc are emphatic that they can not and will not remove the mark against us even though they agree that other than that we had a perfect payment record.
Is there anything else I can do? Will we be declined credit for the next few years now?
Thanks so much.
It shows records of 5 personal loans (3 of which are now gone), our mortgage and 2 credit cards. All bar the mortgage are showing a perfect payment history. The mortgage is showing 23 out of 24 payments made on time. The problem is the 24th payment says "1" which means we are 1 payment in arrears.
What happened was in September I missed the direct debit (which I don't make a habit of) so I posted a cheque - it took 2 weeks to get the money to send them the cheque (back to school issues plus a flooded bedroom gave us temporary cashflow problems) so Bank of Scotland received the cheque on October 1st and they say (I rang them earlier) I had accrued extra interest because it went into a new month so they gave me a black mark with the ICB. I am gutted. I can't get a loan now (which I need) and also we were planning on re-mortgaging after Christmas. Am I in dire straits? Bank of Sc are emphatic that they can not and will not remove the mark against us even though they agree that other than that we had a perfect payment record.
Is there anything else I can do? Will we be declined credit for the next few years now?
Thanks so much.