W
worried123
Guest
Hi all,
I am wondering what are my options in this situation.
A number of years ago I feel into arrears on my credit card (Ulster Bank - Mastercard), I am not trying to make excuses but I was young and also my father was sick for a number of months with MS and liver failure and unfortunately passed away during this period and I let things slip. I didn’t pay attention to the requests from Ulster Bank and it was only after a few months that I fully cleared the debt but this is showing up on my ICB report as a revoked credit card and then C for cleared, which it was but I was wondering is there anything I can do/ask Ulster Bank to help me with regards to my credit rating, is there precedence for compassionate circumstances in this area in that Ulster request that its removed from the ICB report?
Also when I initially requested the credit card as a student in 2003, my limit was 550, this limit was increased by Ulster to nearly 3000 without my permission, I noticed today that on the National Consumer Agency’s site that:
Under the Central Bank’s Consumer Protection Code your credit card company cannot increase the limit on your card without you asking them to do so.
I never in all of the years I had the card requested any increase in the limit, I know that doesn’t excuse my situation but I was wondering would it help when discussing with Ulster Bank that they shouldn’t have increase my limit and if they could remove it from my history.
Back to present day, my current salary is 44k, no debts, no cc debt. Car loan of 470 per month is due for completion in the next few months (having been paying that for past 5 years, never missed a payment).
My wife's mother passed away last year, leaving herself and her brother as the sole owner's of the property. Now we are interested in buying it, it is valued at approx 115k, we are looking for about 60k to pay him off for his share. Wife will legally own half the house once probate is complete.
We also have 13k in a savings account from her mother's estate that we hope to use as savings.
Since the mortgage is realitivly small, way smaller than the car repayments that I am currently paying is there any chance of me getting a mortgage or is the credit rating going to knock me for six?
Thanks for any advice.
I am wondering what are my options in this situation.
A number of years ago I feel into arrears on my credit card (Ulster Bank - Mastercard), I am not trying to make excuses but I was young and also my father was sick for a number of months with MS and liver failure and unfortunately passed away during this period and I let things slip. I didn’t pay attention to the requests from Ulster Bank and it was only after a few months that I fully cleared the debt but this is showing up on my ICB report as a revoked credit card and then C for cleared, which it was but I was wondering is there anything I can do/ask Ulster Bank to help me with regards to my credit rating, is there precedence for compassionate circumstances in this area in that Ulster request that its removed from the ICB report?
Also when I initially requested the credit card as a student in 2003, my limit was 550, this limit was increased by Ulster to nearly 3000 without my permission, I noticed today that on the National Consumer Agency’s site that:
Under the Central Bank’s Consumer Protection Code your credit card company cannot increase the limit on your card without you asking them to do so.
I never in all of the years I had the card requested any increase in the limit, I know that doesn’t excuse my situation but I was wondering would it help when discussing with Ulster Bank that they shouldn’t have increase my limit and if they could remove it from my history.
Back to present day, my current salary is 44k, no debts, no cc debt. Car loan of 470 per month is due for completion in the next few months (having been paying that for past 5 years, never missed a payment).
My wife's mother passed away last year, leaving herself and her brother as the sole owner's of the property. Now we are interested in buying it, it is valued at approx 115k, we are looking for about 60k to pay him off for his share. Wife will legally own half the house once probate is complete.
We also have 13k in a savings account from her mother's estate that we hope to use as savings.
Since the mortgage is realitivly small, way smaller than the car repayments that I am currently paying is there any chance of me getting a mortgage or is the credit rating going to knock me for six?
Thanks for any advice.