Bad Credit, Mortgage Arrears

There are many reasons why you might end up with a bad credit rating. It could be that you have accumulated some mortgage arrears and have not been able to pay them back as well as keep up with your regular monthly repayment. You may have taken out a secured loan but have had a sudden change in circumstances, perhaps you have been made redundant or become too ill to work or recently had a baby. Or perhaps you took out a self cert mortgage and you business has started to go through a bad patch so you no longer have the funds to pay your way. Whatever the reason you should not despair. There are ways out of the situation.

Sit down with an independent financial adviser and see what they come up with. They may be able to guide you through bad credit repair or answer your questions on what to do with mortgage arrears or your mounting secured loan debts. They may be able to point you in the direction of someone who can help with your self cert mortgage. Any options are better then none. You might be entitled to some form of benefit. There are many types such as the Working Tax Credit, the Child Tax Credit and Council Tax Benefit. Even a small amount of extra capital can make all the difference between giving in to mortgage arrears and falling into bad credit and raising your self above it.

Paying back what you owe on secured loans and self cert mortgages, in the form of your arrears and your normal monthly payments can be tough but worth it in the end. You may be able to claim on an insurance policy. Have a look through the small print of any agreements you might have. Some people take out mortgage protection and this is very good at helping people through a temporary glitch in their financial life.

Keep looking around to find extra sources of income and cut back on your expenditure. Remember every penny you spend on something else will add to your debt burden.

We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.

SOLVING YOUR MORTGAGE PROBLEM SIMPLY

ABBEY FINANCE

0845-4567-847

Just click here to fill out our simple on line Mortgage Enquiry Form, it will only take a few moments.

enquiries@abbeyfinance.biz

Actual rate available depends on circumstances ask for personalised illustration. The overall cost for comparison is 7.9% APR. Our representative fee charged is 1.25% of amount borrowed. APR variable and based on a usual case.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE