Mr. Tickles
Registered User
- Messages
- 17
Hi all
and thank you for all your useful information so far.
Here's my situation - have cleared all loans, mortgage, credit card bills, etc after selling my house and am left with €120000 in bank. Plan to self build on a site given by my wife's uncle and would hope to borrow €220000. Our combined salary is €107000, permanent and pesionable.
Problem is I have bad credit rating with my current bank due to error
on my part and poor customer service on theirs - I was originally paying my car loan (€220 a month) by going into branch and paying it at cashier's desk as my salary was being paid into another bank (ridiculous idea, I know!). Once I got my mortgage from the same bank I transferred all money into this accounts...salary, direct debits etc. - I had no idea my loan was in arrears(3 payments) until a received a threatening letter from debt collector in bank about my car loan. I spoke with them and they accepted my case as one of genuine error. However I am now worried that I have bad credit even though I have paid off my loan early, cleared my mortgage and have no outstanding loans or debts.
will this effect my chances of getting new loan, or will the fact that I have cleared all my debts and have a substancial amount in savings help me? Part of savings include SSIA (full amount) which I'll receive in February.
and thank you for all your useful information so far.
Here's my situation - have cleared all loans, mortgage, credit card bills, etc after selling my house and am left with €120000 in bank. Plan to self build on a site given by my wife's uncle and would hope to borrow €220000. Our combined salary is €107000, permanent and pesionable.
Problem is I have bad credit rating with my current bank due to error
on my part and poor customer service on theirs - I was originally paying my car loan (€220 a month) by going into branch and paying it at cashier's desk as my salary was being paid into another bank (ridiculous idea, I know!). Once I got my mortgage from the same bank I transferred all money into this accounts...salary, direct debits etc. - I had no idea my loan was in arrears(3 payments) until a received a threatening letter from debt collector in bank about my car loan. I spoke with them and they accepted my case as one of genuine error. However I am now worried that I have bad credit even though I have paid off my loan early, cleared my mortgage and have no outstanding loans or debts.
will this effect my chances of getting new loan, or will the fact that I have cleared all my debts and have a substancial amount in savings help me? Part of savings include SSIA (full amount) which I'll receive in February.