Late Payments (Not Missed)
Our standard acceptability
Indicates if we can potentially consider applications from applicants who have a history of late payments (NOT REGISTERED AS MISSED) on any credit agreements they hold.
Family Building Society can potentially accept applicants with previous 'Late Payments'.
Unfortunately, we would not accept applications where there are a series of late payments as this could potentially indicate there are deeper financial problems.
The Society rely on Equifax payment profiles to assess an applicant's payment history. We would expect the profiles to be zeros (i.e. payments not missed). The Society will look flexibly on applications where there has been an isolated late payment providing we are provided with a satisfactory explanation.
08 November 2018