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Causes for a bad credit rating

You may fit into one of the following categories:

  • You have been mislabeled, for whatever reason, as having a bad credit history.

  • You have had a distant past history of bad credit - but may feel you can show you are a reformed character.

  • You have a recent history of bad credit.

  • A surprising but possible cause for a bad credit rating is that you have an unconventional source of income. This means normal credit scoring techniques make you look like a bad bet.

    So if you're a multi millionaire songwriter, living off the royalties of a mega hit, don't be surprised if you get a bad credit rating. The cyclops credit reference agencies can only see that you haven't got a 9 to 5 job so must be a bad credit bet.

 

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Read On

About Bad Credit Ratings

What are Credit Reports and Credit Files

What is Credit Scoring and Credit Rating

What is a Credit Search

Remortgaging with a Bad Credit Record

Want to Talk to a Specialist Bad Credit Mortgage Adviser?


Read On / Mortgage Guide

How to Choose your Mortgage

Types of Mortgage

Remortgages

Where to Find Your Mortgage

Getting a Mortgage in Principle

Costs of a UK Mortgage

Your Mortgage TOP TIPS

Calculators

A to Z all UK Mortgage Types

 

Read On

Guide to UK HomeBuying

Guide to UK Mortgage Insurance

Life Insurance UK

Glossary of Mortgage UK Terms

Mortgage UK News

 


 


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