Friday, May 29, 2020

If you cant pay, the it should go on your credit file

BBC: Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss

The first banker to say, if you can't pay it should go in your credit file. Banks need to know your are not a good and liquid borrower.

Posted by deepak @ 07:12 PM (865 views)
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1. libertas said...

I am upset that we refused a mortgage holiday and tightened our belts to be sensible and yet our credit rating is not boosted vs those who could not keep up payments. This is not capitalism, it is Socialism, where success is disincentivised. This will only result in grinding poverty.

Sunday, June 21, 2020 08:23PM Report Comment
 

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