All Forums  New Questions  Forum Questions  expert advice please!

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by pix1[/i] [br]does anyone know at what stage following a repossession of a bankrupt's property a mortgage company will update a credit reference file to show that the mortgage account has 1) defaulted and 2) become 'satisfied'? Currently, I am discharged from bankruptcy but my wife awaits hers. The mortgage company are updating the Equifax credit file monthly to show that our mortgage account is 'delinquent', though not 'defaulted' and that the balance is going up by about £1400 interest per month! In Decemebr last there was a balance showing on the credit file in the amount of £258k approx. and now in March there is £262k approx. showing! The property awaits sale. There is going to be a shortfall of at least £70k approx. Does anyone have any practical experience or know of what happens in these situations? It would be reassuring to know that once the property sells mortgage companies do update credit files for bankrupts to show that the account is satisfied and that they are not going to be pursued for shortfall. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.