pay a small amount extra each month. That way you will be in advance and if you are in difficulty you will have something already paid ready to go.
I presume that you're referring to the SFS (Standard Financial Statement) here? Why would you not fill this in if you've been asked to and have been having problems meeting your scheduled repayments? If you don't then you could be classed as not engaging with your lender which might not be to your advantage if you continue to be late with your repayments and things escalate. The MARP process is in place in an attempt to deal with borrowers having problems or likely to have problems with servicing their mortgages - not to hassle borrowers.I received a marps letter with booklet today from pepper and told to fill it out.
Currently my mortgage payment for april will be paid in 2 weeks and then the may payment will be paid 2nd week in june and then i will have june payment on time. So my question is do i need to fill out marps booklet ?
Your irish credit bureau will show the last 18months transactions. After the 18months the blip will not be seen. I
The Irish Credit Bureau was superseded by the CCR several years ago.Your irish credit bureau will show the last 18months transactions.
It shouldn't be at all. There is a 1 month grace period built into the calculation of data for CCR, so this should not appear on your record. If however you try to switch mortgage lender in future, they may ask for mortgage statements where it will show.Also how badly would my credit rating be affected now.
ICB deleted all their records in September 2021...Your irish credit bureau will show the last 18months transactions. After the 18months the blip will not be seen. If you are looking for a loan within the next 18months then you let them know straight away on your application.
ICB is gone.Are you sure about that? I thought it was 5 years?
I didn't know that. Wonder what's the thinking behind it?ICB is gone.
CCR records data for 5 years, but the credit report that lenders get only shows 2 years worth of data.
I thought that was specifically prohibited in law. Could be wrong....Unless they ask the applicant themselves to get a copy for them...
We had an over payment of just over one month worth with Ulster Bank and the transfer from AIB did not work one time for the payment. I rang the bank as I was going to pay in branch and they said as there was an advance it would be used for that month. This was a few years ago. Did not know about ptsb. I stand corrected. Maybe if OP ask their bank If they have that option?Are you sure about this?
ptsb treats overpayments as payments in advance.
But I don't think any other lender does. If you overpay, they reduce the term or the repayment amount. But if you miss a revised repayment, then you go into arrears. You might be years ahead of where you should be but you are still in arrears.
Brendan
The information is more relevant. Your financial situation could improve or get reduced which could be short term e.g, out sick. No need to look back further than 2 years As they are looking at your current situation.I didn't know that. Wonder what's the thinking behind it?
I thought that was specifically prohibited in law. Could be wrong....
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