KrakityJones
Registered User
- Messages
- 13
Hi
I'm a bit confused by this and looking for some opinions.
In short after almost 10 years my mortgage related mess got sorted out with an insolvency arrangement. I finished with that process a month ago and my name is gone from the ISI register. (although still waiting for letter to state I have been discharged)
I applied for a credit report from the ICB and am very surprised to see no black marks whatsoever on there. The only record was for one small loan almost 6 years ago, and that record of which is due to expire in two months. There wasn't a single missed payment on that loan and it was fully repaid in 2012.
I should have had a mortgage on there (including arrears prior to the insolvency arrangement). I had only one other loan in the past 10 years which was with the Credit union that was almost fully paid off by the time the insolvency arrangement was done (but was not fully paid back, the balance of approx. 4k was included in the arrangement so this should have been a black mark also I assume).
So as far as I can see I have a clean record but I can't see how this could be.
Is it possible that the bank who held the mortgage never flagged it with the ICB day one (and coincidently the credit union also), or do mortgages not show up here? Can and does this happen?
If it is the case that they didn't flag this what would this mean for me?
My plan after a couple of years was to take out a small loan purely to hold aside and pay back within 6 months, and do this a few times to build back up my credit rating. I don't want to start this process until I know I'm cleared on the ICB side.
I'd prefer not to ring the ICB about it just yet just in case it is an error in my favour so any opinions greatly appreciated.
Thanks
I'm a bit confused by this and looking for some opinions.
In short after almost 10 years my mortgage related mess got sorted out with an insolvency arrangement. I finished with that process a month ago and my name is gone from the ISI register. (although still waiting for letter to state I have been discharged)
I applied for a credit report from the ICB and am very surprised to see no black marks whatsoever on there. The only record was for one small loan almost 6 years ago, and that record of which is due to expire in two months. There wasn't a single missed payment on that loan and it was fully repaid in 2012.
I should have had a mortgage on there (including arrears prior to the insolvency arrangement). I had only one other loan in the past 10 years which was with the Credit union that was almost fully paid off by the time the insolvency arrangement was done (but was not fully paid back, the balance of approx. 4k was included in the arrangement so this should have been a black mark also I assume).
So as far as I can see I have a clean record but I can't see how this could be.
Is it possible that the bank who held the mortgage never flagged it with the ICB day one (and coincidently the credit union also), or do mortgages not show up here? Can and does this happen?
If it is the case that they didn't flag this what would this mean for me?
My plan after a couple of years was to take out a small loan purely to hold aside and pay back within 6 months, and do this a few times to build back up my credit rating. I don't want to start this process until I know I'm cleared on the ICB side.
I'd prefer not to ring the ICB about it just yet just in case it is an error in my favour so any opinions greatly appreciated.
Thanks