Bad credit can prove to be a financial threat for your future finances. However, it does not mean that you cannot qualify for credit. A large percentage of the UK residents have damaged credit rating because of high consumer debt levels.
Thousands of borrowers on 125 per cent mortgage deals will be forced to pay hundreds of pounds more in monthly repayment bills after most of the lenders offering these loans withdrew from the market yesterday.
MORTGAGE brokers who have had their commission payments cut by some banks are shifting their business to other lenders to get higher payments, it was alleged yesterday.
Up to three potential rescuers for Northern Rock are expected to submit formal bids ahead of the government’s deadline for firm offers for the bank.
Consumers thinking about consolidating their debt could consider using a loan, an industry expert has said.
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