A credit rating dispute could cost me getting a mortgage renewal
I have a loan with Sainsbury’s bank. I have never missed a payment, but Sainsbury’s issued a default notice 11 months ago. It has since admitted it was a mistake, but Equifax claims the entry is correct, while Sainsbury’s insists it has informed it of the error. My credit file also shows that no further payments have been made to Sainsbury’s since the erroneous “default”, which is not the case. I need to renew my mortgage and am stuck in a dispute which will prevent me doing so.
DS, Chessington, Surrey
This is a thoroughly alarming case. Credit files, about which few of us give a moment’s thought, can sabotage a life. Any sniff of a debt can scupper the chances of a mortgage, mobile phone contract, hire purchase or any form of credit. Both companies should therefore have acted with urgency as soon as the mistake was identified, but both allowed you to languish in limbo for six months after you reported it.
Even when I tried, the response was sluggish. Equifax told me that it can’t correct a …
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