NatWest’s computer meltdown and your credit rating
NatWest has said that no-one’s credit rating should be affected by delays to payments, but it may not be that simple.
If you’re one of the millions who’ve been affected by the RBS/NatWest/Ulster bank computer meltdown, what could it mean for your credit rating? NatWest says on its website that no one should have their credit rating damaged as a result. But is it that simple? What can – and should – you do?
Linked credit files; how your partner (or ex) can affect your credit record.
If you have joint loans or debts with someone, their credit history will affect the credit you’re able to get.
If you have joint loans or other debts with someone else – whether it’s a friend or a partner – your credit file will be linked to theirs. And that means when you apply for credit, whether that’s just for yourself or a joint loan, their credit history will be taken into account by prospective lenders. So why is this and what can you do about it?
Understanding default notices; what does a default notice mean for your credit file?
If you get behind with your debt or loan repayments the lender may issue a default notice. What could that mean for your credit file?
If you’ve got behind with payments on a mortgage, loan or credit card, you may receive a formal letter through the post, called a ‘default notice’. Many people don’t realise how serious this is or what it could mean for their credit file. If you receive a default notice, make sure you act quickly as it may mean you can minimise the damage to your credit rating.