Barclaycard Late Payment Removal from 3 years ago....

[knight666]

Hi Guys,

 

I have one late payment marker from Barclaycard from 3 years ago

which I have been told may affect my chances of getting a mortgage in the near future.

 

This is the only late payment I have on my Credit Report in the past 5 years

so would like to try and get it taken off if possible.

 

I think the payment was literally 3 days late due to a banking error on my behalf but it is still there either way!

 

I do have some other marks on my credit report which are 5+ years old but they are due to drop off after this year so aren't such an issue.

 

I was just wondering if any of you guys have seen or had any success with getting things like this amended by BC

with a good will letter and if so could advise on what is the best way to go about it?

 

Thanks in advance!

[dx100uk]

I doubt one late payment will harm you

nor actually be seen in the summary search mortgage companies do.

 

they are not being as tight as they used to be.

 

dx

[slick132]

Hi Knight,

 

As DX says, I doubt the single late payment marker will affect a loan application if you sorted the matter so quickly after the payment was due.

 

Who said it may affect an application - a lender or a friend offering advice.

 

In any event, if the marker was posted correctly, I doubt the bank would consider removing it.

 

If the other markers are due to drop off soon, they should also not hinder a loan application.

 

Keep an eye on your CRA files to ensure you only make a loan appl'n AFTER the other adverse markers have dropped off.

 

[knight666]

Ahhh I see, thanks Dx and Slick. It was a broker that I have spoken to that said I may have difficulty with the late payment on my record so I panicked!

 

If you guys think it should be ok then I may not bother trying.

 

Yes the other markers drop off at the end of this year so I may wait, just to be on the safe side!

 

Thanks again for the advice, much appreciated!

[slick132]

Hi Knight,

 

A broker will have better experience than me, of the effect of adverse CRA markers when making a loan application.

 

Take advice from all sources and then make your judgements as best you can.

 

[dx100uk]

a broker will use that info to add or make your take out mppi

etc etc.

 

just for your info.

 

the only insurance of anykind you must have

[ be that already inplace or getting with the nortgage]

is buildings ins

 

all the rest are not compulsory/

 

dx

[dx100uk]

don't tell anyone yougo for a mortgage with about your debts

passed or present!

 

that's what the cra search they'll no doubt charge you £85+ for

is about

 

dx