Hi all,
I’ve been reading this thread and wondering if anyone can offer me some advice - also related to CCR Report and looking for mortgage approval soon.
In 2017, I had a credit card with a bank. I was in college at the time and stopped paying the credit card in 2019 as I couldn’t keep up with the payments . I got a copy of my CCR report two years ago and saw that the credit card was showing as revoked credit card/written off in the status section. I went to the bank and paid it off in full two years ago. I wasn’t sure at the time if this would change my CCR report situation however I did owe them the money and they advised me to proceed (obviously) so I did.
However, the CCR report status for this credit card remains the same - removed credit card/written off - which I’m not sure is right or wrong? It does say 0 Euro at the top of the CCR in the amount financed section. I also didn’t know whether the bank entering the positive payment I gave two years ago would reset the clock on how much longer the loan will be on my CCR so I never asked them to change it.
What’s weird is I have gotten other loans approved of over 10000 from other financial institutions since then with no questions asked re CCR.
My concern of course is when I go for mortgage approval that this issue will haunt me still. As it was written off in 2019, I expect it to leave my CCR Report next year. However, if I wanted to go for mortgage approval earlier, should I get the status of the debt updated on the CCR report as it would look better or can the bank even do that? Maybe I should request a letter from them instead stating that is was fully paid off two years ago?
Secondly, how will this effect my applications for a mortgage do people think? Should I really wait until it’s gone from my report?
Thanks all in advance for your help!
I’ve been reading this thread and wondering if anyone can offer me some advice - also related to CCR Report and looking for mortgage approval soon.
In 2017, I had a credit card with a bank. I was in college at the time and stopped paying the credit card in 2019 as I couldn’t keep up with the payments . I got a copy of my CCR report two years ago and saw that the credit card was showing as revoked credit card/written off in the status section. I went to the bank and paid it off in full two years ago. I wasn’t sure at the time if this would change my CCR report situation however I did owe them the money and they advised me to proceed (obviously) so I did.
However, the CCR report status for this credit card remains the same - removed credit card/written off - which I’m not sure is right or wrong? It does say 0 Euro at the top of the CCR in the amount financed section. I also didn’t know whether the bank entering the positive payment I gave two years ago would reset the clock on how much longer the loan will be on my CCR so I never asked them to change it.
What’s weird is I have gotten other loans approved of over 10000 from other financial institutions since then with no questions asked re CCR.
My concern of course is when I go for mortgage approval that this issue will haunt me still. As it was written off in 2019, I expect it to leave my CCR Report next year. However, if I wanted to go for mortgage approval earlier, should I get the status of the debt updated on the CCR report as it would look better or can the bank even do that? Maybe I should request a letter from them instead stating that is was fully paid off two years ago?
Secondly, how will this effect my applications for a mortgage do people think? Should I really wait until it’s gone from my report?
Thanks all in advance for your help!