Bad Credit Remortgages: Questions and Answers

Question: How is a bad credit remortgage different to a normal remortgage? Answer: The main difference is that bad credit remortgaging is intended for people who either have bad credit ratings or are experiencing problems managing their present debts. These borrowers require specialist mortgage deals, as most high street lenders will not give them mortgages. Question: Can I […]

How to Check Your Credit Rating

For £2 you can get details of the credit files held on you by the two credit reference agencies, Experian and Equifax. If the information on your file is wrong, or you would like to add a note of explanation, Experian and Equifax will add an agreed statement to your file. Contact them at: Experian, […]

How are you Credit Rated?

Here’s an enlightening article in the Guardian about how you are assessed / credit scored. It’s quite old but just as relevant as ever Secret tips that let you beat the credit guard If you’ve got a good job and no debts but have been turned down for a loan with no reason given then […]

County Court Judgements / CCJs

Intro to Mortgages and CCJs County Court Judgements (CCJs) are often seen as bad news by mortgage lenders, and many people worry that even a single, satisfied CCJ will prevent them getting a mortgage. Are Things Really This bad? In a word, no. Lenders today are far more flexible than they once were and will […]

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 […]

Adverse Credit Agencies

If you’ve got a bad credit record these are specialist lenders you could look at. Like any business there are good guys and bad guys. You may see adverts in the press but be wary of going direct to these guys. You may be charged to make an application after which you’ll probably be offered […]

What is a Credit Search

Lenders search your credit file at the credit reference agencies whenever you apply for credit. They want to confirm that you are who you say and you live at the address you gave. And they want to see how you handled credit in the past. This happens whatever type of credit you want – mortgages, […]

What is Credit Scoring and Credit Rating

Credit scoring is the same as credit rating. You are credit scored every time you apply for a loan or any form of credit. You are credit scored before you can open a current or cheque account because they include overdrafts. Lenders want to know whether you can afford the loan. And whether you have […]

What are Credit Reports and Credit Files

Credit Reports and Credit Files These two terms means the same. They are the overall term for information held on you by the credit reference agencies. The agencies create your credit file or credit report from two sources. One is public information, such as the electoral roll and postcodes. The other is information provided by […]

Bad Credit Remortgages: Questions and Answers

Question: How is a bad credit remortgage different to a normal remortgage? Answer: The main difference is that bad credit remortgaging is intended for people who either have bad credit ratings or are experiencing problems managing their present debts. These borrowers require specialist mortgage deals, as most high street lenders will not give them mortgages. […]