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jeene
Joined: 13 Aug 2009
Posts: 6
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| Posted: Thu Aug 13, 2009 3:16 pm Post subject: credit rating |
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The Adverse Mortgage Centre
An Adverse Credit Mortgage Guide
If you think you might need an adverse credit mortgage, then it's best to gather as much information as you can. You need to be in a position that will enable you to make an informed decision regarding the adverse mortgage products available and which one is the most suitable option bearing in mind your personal circustances.
Continue Reading the Guide to Adverse Credit Mortgage
Bad Credit Mortgage - The Facts
It is estimated that one in four people in the UK would be declined a standard mortgage because of their bad credit. The main mortgage lenders, together with niche specialist companies, have designed products for people in this position, which means that if you are looking for a mortgage of this type you will have plenty of choice. |
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zulika
Joined: 15 May 2009
Posts: 4
Location: Cape Town
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| Posted: Fri Jan 08, 2010 9:12 am Post subject: |
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| Yes, that is a scary but true fact. Here in South Africa the situation is the same. I've been told that in the area I live, which is a medium to high income area, 1 in 4 are at least 1-3 months behind on their home loan. |
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JPowell
Joined: 20 Jan 2010
Posts: 103
Location: PA
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| Posted: Wed Jan 20, 2010 3:16 pm Post subject: |
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| What exactly is an adverse mortgage? I've never heard that term before, but since I have some old charge offs and other negative accounts on my credit report (from several years ago) it sounds like something that I might need to look into. |
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Celestew84
Joined: 20 Jan 2010
Posts: 15
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| Posted: Wed Jan 20, 2010 5:24 pm Post subject: |
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| I agree it sound like something i may need my husband has 2 repos on his credit and I have some medical but everything on mine is mainly from school loans. We had considered bankruptcy after he got laid off a few years ago but want that to be a last resort. |
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JPowell
Joined: 20 Jan 2010
Posts: 103
Location: PA
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| Posted: Thu Jan 21, 2010 5:30 pm Post subject: |
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Celestew84 wrote: I agree it sound like something i may need my husband has 2 repos on his credit and I have some medical but everything on mine is mainly from school loans. We had considered bankruptcy after he got laid off a few years ago but want that to be a last resort.
I heard that it is really hard to file bankruptcy now too.
As far as I can tell it is "Also referred to as Bad or poor credit mortgages. For those with a poor credit history, CCJ's, defaults on loan payments etc."
I also saw one article that recommended meeting with Adverse loan reps in person and keeping close tabs on them because some of them are sleazy... that article wasn't from any reputable location though so I don't know how much stock you should actually put in it. |
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