PityI have contacted them on a number of occasions to be told that they will be in touch and still nothing.
I can't advise you on this issue AM. Hopefully another poster will have the info.Thanks for your reply 44brendan. Any idea how long before ICB is clear?
Never a problem for me. Suggest it might be an issue on your browser!P.S. is it normal that you have to wait over 500 seconds on this site to post a reply?!
P.S. is it normal that you have to wait over 500 seconds on this site to post a reply?!
I can't advise you on this issue AM. Hopefully another poster will have the info.
Thank you so much for replying.
Ahhhhh makes sense!! Thank you.It's normal for new users. It is to stop people registering and posting multiple spam.
Most new users don't need to post much more often than that.
Brendan
Hi Blinder, thanks for your reply. I got a copy of my credit report from the ICB and the outstanding amount is on it - like a bad debtWhy would selling a property in negative equity and agreeing to repay all the shortfall overtime result in a bad mark on ICB?
You're not defaulting on the loan, just moving it from a secured to an unsecured loan. The bank failing to engage shouldn't reflect badly on your credit rating.
ICB is not a default listing. It merely reflects the repayment profile on loans. A good repayment profile means that loans are paid on line and in accordance with the agreed schedule. A poor repayment profile reflects late or missed payments and also where some latitude has been afforded to the borrower such as reduced payments. This is why it's important to stick to an agreed schedule if at all possible in order to avoid repayment issues being reflected in the credit report.Why would selling a property in negative equity and agreeing to repay all the shortfall overtime result in a bad mark on ICB?
You're not defaulting on the loan, just moving it from a secured to an unsecured loan. The bank failing to engage shouldn't reflect badly on your credit rating.
ICB is not a default listing. It merely reflects the repayment profile on loans. A good repayment profile means that loans are paid on line and in accordance with the agreed schedule. A poor repayment profile reflects late or missed payments and also where some latitude has been afforded to the borrower such as reduced payments. This is why it's important to stick to an agreed schedule if at all possible in order to avoid repayment issues being reflected in the credit report.
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