Credit rating affected as a result of loan sold to Peppers from KBC.

annduf

Registered User
Messages
6
Hello, I had a buy to let mortgage with KBC which was sold to Peppers in 2018. I was on an arrangement with KBC to pay full interest and part capital which I paid every month with no issues. Since 2018 I have been told twice by 2 loan companies to check my credit rating with the ICB. I discovered that as KBC has assisgned my loan to Peppers this has created the issues. I contacted KBC who informed me that from their end they have submitted the correct information to ICB, the loan was assigned and completed. I have never had an issue in the past getting loans, is there anything I can do about this ? Thanks in advance for any advice .
 
Your credit rating is impacted because you are unable to pay your existing mortgage according to the original schedule.

It has nothing to do with the sale to Pepper.

If you are able to pay your original mortgage on schedule , your credit record will start to recover.

You should not be applying for more loans if you are not able to pay the existing ones on schedule.

Brendan
 
Back
Top