My mortgage fixed permanent status is terminated subsequent year and I'll will to renew it however. I have basically had a bleak credit mark put against my designation

I have basically had a bleak credit mark put against my designation - from an old student overdraft I have.

I was wondering will this affect my taking out a up to date fixed term bestow with one and the same company or a different lender??

The bad debt be paid rotten within a month of me person notified that a debt collection agency have been put within charge of it.

Also, I was told that they be sending my debt to a collection agency before it happen.. should I contact the FSA??

Thanks for any help that you present to me.

John.

Your mortgage provider should be able to freshly renew your fixed deal. They own been renewing my parents for the ending 10 years! With regards to the student overdraft entry, it too late to do anything because you own accepted the debt by paying it sour, there be a chance if the debt be more than six years ago you could of got away near paying nothing, these debt collection agencies are only chancers and there is a touch known official letter that may of help!

Yes contact the FSA definatly, im training as a mortgage advisor and you should definatly contact the FSA what happend contained by the past will put you down a bit for a re mortgage but as long as you enjoy proof of being competent to handle your debts at present and close to past, it will be honourable. And dont go for a re mortgage near a bank. Ask around or on the internet for local mortgage advisors because bank are crap at it and they dont really give you the best plan. If you live within the northwest-england i can give you my brothers business label if not suitable luck.

You do not right to be heard how old the loan is, how much the debt is for, and whether it be just a slow payment, or be registered as a default or a County Court Judgement.

Does it show on your experian or equifax credit wallet ? If so you can write to them and ask them to put a note on the database

Each lender is different in the means of access it approaches bad debt .

Some lenders will do automatic credit scoring while some will underwrite the cases on an individual skin by case cause.

You do not say who your existing lender is?

It is other wise to seize a few quotes on deals, as some lenders proffer better deals for strange business than they do for existing clients. Some lenders offer tax free remortgage deals (free solicitors and valuation report) to provoke this type of business

If you want to know anything else then drop me an email

I wouldn't sweat one mark. They know that ethnic group ocassionally make mistakes. It's a cut-out of mistakes that is the problem.

You can also put in a note to your credit report explaining the situation if you assume that will help, i.e. contained by a coma, couldn't pay bills that month.

Answers: I would contact them and ask them to remove it off your credit rating because it is rewarded in full.

It may not be record against you. If you have be paying your mortgage like a apposite 'un then the present lend company won't want to let you be in motion to someone else