remortgage calculation

How Do I know if I have bad credit?

There are a multitude of factors that can affect what your credit rating is. Some of these may be harder to work out than others but there are a few things that will definitely affect your credit scores directly.

If you have been bankrupted at any point or have had to be put onto a debt management plan, you can expect to have taken a hit on your credit score. This is because you have been deemed to be unreliable when it comes to managing and repaying your debts.

Your credit score may also have been damaged if you have ever struggled with repayments on credit cards or personal loans. The reason that this causes you to have an adverse credit rating is because you fell behind on your loan’s specified terms and conditions. This means that you are now deemed to be a higher risk customer as you have a history of not keeping up with your fees.

Call us today on 020 3002 0933 to find out more.

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Copyright Finance 4 Homes Limited 2018

Finance 4 Homes Limited is an Appointed Representative of Beneficial Life (London) Limited, which is authorised and regulated by the Financial Conduct Authority.
You may be charged a fee for mortgage advice which could be up to 2% of the loan. The precise amount will depend on your circumstances but we estimate it to be 0.75% of the loan amount.
Registered in England and Wales no.11215166. Registered office: Spectrum House, 2b Suttons Lane, Hornchurch, Essex RM12 6RJ
The information on this website is intended for guidance purposes only and does not constitute advice. Furthermore, the information on this website related to the UK market for consumers living in the UK only.

Special Note: Most Buy to Let mortgages are not regulated by the Financial Conduct Authority

THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE

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