Bad Credit, Staying out of it

If you have a problem with credit whether it is being self employed, have existing mortgage arrears, or if you are consistently getting turned down for secured loans there is a product out there for you. You may be finding it an upsetting and difficult experience trying to get credit if you have a bad credit rating. But there are deals out there specifically for you.

There are specialist lenders who can offer you a credit repair deal. This is where you may have to pay a higher rate of interest then you would with a standard deal and you have the trouble of finding a deposit, which usually amounts to around ten percent. But if you maintain your repayments on this deal for a sufficient period, which is usually around three years, you will find that repairs have been made to your credit history and that you no longer have bad credit.

You are then able to apply for a secured loan or a self cert mortgage or whatever credit you want. Be careful not to fall back on old ways and run into mortgage arrears or missed payments again. You may want to seek help on monthly budgetary advice to make sure you stay on the straight and narrow. Temptation can easily sway you into borrowing too much and before you know it you end up with mortgage arrears on your self cert mortgage or you are falling behind with your secured loan. Then all of a sudden you find yourself on the brink of losing your home and bad credit comes back to haunt you.

Act like your own credit manager. Be tough with yourself and stop over spending, you are only doing yourself harm in the long term and you only have yourself to blame. Perhaps seek the advice of an independent financial adviser or work with your existing lenders to make sure you can keep up your repayments. By having a financial plan and sticking to it all your hard work will pay off. Stay in contact with your lender and live within your means.

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.

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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