There are a number of reasons why you may have acquired a bad credit history, its usually the case that a person have had a difficult situation to deal with in the past which lead to their finances to go into arrears, and due to that, this could have resulted in combination of missed payments, defaults, and county court judgments (CCJ’s).
Situations in the past could have been due to a person(s) being what we call Overcommitted, meaning that have too many credit payments and were not financially organised in order to deal with them. Another situation could be where a person has perhaps been made redundant in the past, and around that time this resulted in mortgage and loan payment problems. We understand also that there also situations where a person’s hours and income may have been reduced, if the company they worked for in the past was having difficulties.
At Mortgages4 we look at each application individually, we are ready to listen, understand, and help, leading us to be able to select the most appropriate mortgage which is available to you and suits your needs, which are available through the range of lenders we deal with who are able to help people in most situations where the customer has currently, of previously, had a bad credit history.
Please complete your details on our Bad Credit Application Form, and we will be in contact with you quickly once we have reviewed you details and requirements..
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