Struggling with Poor Credit? You Are Not Alone

Life happens. A missed payment, a default or a County Court Judgment (CCJ) can leave a mark on your credit file. If you are worried that poor credit means you cannot get a mortgage, the good news is that it is often still possible.

We have helped people with all kinds of credit history for over a decade. Here is what lenders look at and how we can help.

Why does poor credit happen?

It is more common than you might think. Job loss, illness, a relationship breakdown or a busy spell where bills slipped can all lead to late payments, defaults or CCJs. Lenders know this, and some specialise in helping people who have had problems in the past.

What do lenders look at?

• How recent it is: older problems usually count for less than recent ones.
• How serious it is: one late payment is viewed very differently from a recent default or CCJ.
• Whether it is settled: satisfied CCJs and defaults are easier to place.
• Your deposit: a larger deposit can open up more lenders and better rates.
• Affordability: your income, outgoings and other debts.

How our advisers can help

• We know the lenders: we know which lenders take a more flexible view of credit problems, so you avoid applying to the wrong one and adding more searches to your file.
• We check what you can afford: we look at your income, spending and credit history to find a mortgage that fits your budget.
• We use specialist lenders: some of the best options for poor credit are not on the high street.
• We handle the paperwork: we package your case clearly so the lender sees the full picture.

What can you do right now?

• Check your credit report with the main credit reference agencies and ask them to correct any errors.
• Make sure you are on the electoral roll at your current address.
• Keep up with all current payments. Recent good behaviour helps.
• Talk to a broker before you apply anywhere.

Local advice in Derbyshire, help across the UK

We are a small, experienced team based at Pride Park in Derby, and we help clients across the UK by phone and video. We give honest, clear advice and we will tell you straight if now is not the right time to apply.

Read more about poor credit mortgages, or see if you could remortgage to consolidate your debts. To talk it through, call us on 01332 300300 or book an appointment.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Think carefully before securing other debts against your home. Debt consolidation may involve a longer repayment term and you may pay more interest overall.