How long is my credit record impaired if I go into arrears

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Brendan Burgess said:

Are you sure about that? I thought it was 5 years?

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CCR records data for 5 years, but the credit report that lenders get only shows 2 years worth of data. Unless they ask the applicant themselves to get a copy for them...

Hi Red

I somehow missed this.

So if someone is in deep arrears agrees a voluntary sale, and applies for a mortgage two years later, the bank will treat them as a prime customer?

In practice do banks ask for the CCR ?

Brendan