It sounds like a terrible diagnosis youve got a poor, bad or adverse credit score as far as a mortgage goes, surely now nobody would touch you with a bargepole?
In fact poor or bad credit is not the end of the world. Up to one in four people are turned down when they apply for credit and the reasons why can be more complicated than you might think. Lets look at the reasons why your mortgage application may have been rejected.
Credit Reference
There are three main agencies in the UK that provide credit references, or credit checks on individuals. These agencies provide information on previous credit agreements, such as credit cards and loans, plus any County Court Judgements on your file (CCJs). Normally when you sign the credit agreement you give consent to the agency passing on the information. CCJs are registered automatically and will remain on your file for 6 years. You can request a copy of your statutory credit file from these agencies, and by law they cannot charge more than 2 for sending the information to you.
Contact:
Callcredit plc on 0870 060 1414
Equifax plc on 0870 010 2091
Experian Ltd on 0870 241...
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