Bad Credit, Repairing

Bad credit can happen to anyone. It is not aware of any class, gender or status distinctions. It can be devastating if you are in dire financial need of a product such as a self cert mortgage or secured loan. It does not just indicate mortgage arrears or missed repayments but highlights any financial problem you may currently have or one that has dogged your past, even if you were not completely aware of it until now. Every time you miss a payment or do not repay in full, or keep up with any form of financial products it scores against you and increases your bad credit rating.

This needs to be addressed, even if you are not interested in getting a self cert mortgage or a secured loan. Any mortgage arrears need to be cleared up, any mismanage of finances need to be sorted out. Take some time out to take stock of your situation. Review any statements and get in touch with your creditors even if they are from the past to understand your situation. Lenders may be open to negotiation or at least they may be sympathetic to your plight. Explain the situation and they may be receptive to opening up options to improve your credit rating.

Bad credit does not have to mean no credit. There are firms that will offer you credit regardless but the fees they charge and the interest on your repayments may seem to you to be exorbitant. Decide what you would prefer to do. Manage your mortgage arrears and sort out your credit rating in the hope of getting a self cert mortgage or secured loan in the future. Or accept the high fees and find a lender who is happy to gamble on your credit rating. Either way it is important to remember you are in charge of your spending. Perhaps you could cut down on what you buy or go without certain luxuries to enhance your credit profile. Start paying off your debts regularly and on time and your credit rating will be repaired over time, if you stick at it.

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