Yesterday (21/12)I re-subscribed to the BCA Premium Full Credit File service and received an updated listing of my credit history.
I had previously received the report back in October 2003 and again in Septmebr 2004. In the latest report their was a listing of an overdure account from Optus dating back to 13/7/2000, which was not on the original reports.
This was not an error and promptly paid the outstanding amount ($167.09) yesterday. Optus mentioned that they would then send a communciation to Baycorp indicating the amount has been paid.
The issue lies in the fact that whilst the actual entry will be removed from my credit history on 13/7/2005, I am intending to organise finance for at least one property, which was going to be greater than 80% LVR before then.
My understanding is that from a mortgage insurers perspective, this overdue account will preclude me from doing this.
I have spoken again to Optus and asked them, with some pleading to see whether they would be amenable to removing the default from my record by providing a communciation to Baycorp of that effect. They declined and were not really interested in helping me out.
I am not sure what the next steps might be in this situation. Maybe Banking Ombudsman? Does anyone have any other suggestions?
I had previously received the report back in October 2003 and again in Septmebr 2004. In the latest report their was a listing of an overdure account from Optus dating back to 13/7/2000, which was not on the original reports.
This was not an error and promptly paid the outstanding amount ($167.09) yesterday. Optus mentioned that they would then send a communciation to Baycorp indicating the amount has been paid.
The issue lies in the fact that whilst the actual entry will be removed from my credit history on 13/7/2005, I am intending to organise finance for at least one property, which was going to be greater than 80% LVR before then.
My understanding is that from a mortgage insurers perspective, this overdue account will preclude me from doing this.
I have spoken again to Optus and asked them, with some pleading to see whether they would be amenable to removing the default from my record by providing a communciation to Baycorp of that effect. They declined and were not really interested in helping me out.
I am not sure what the next steps might be in this situation. Maybe Banking Ombudsman? Does anyone have any other suggestions?