Mortgage Advice for Bad Credit Rating, Poor Credit History or Debt Problem

Do you have a bad credit rating, a poor credit history, or a debt problem? In the current financial climate you may think that it would be impossible for someone with a debt problem such as outstanding mortgage arrears, loan defaults, a previous bankruptcy or County Court Judgments (CCJ's) against them to obtain a mortgage, or that it would be very expensive.

Well to some extent this is true for people with the poorest credit history but if you only look for your new mortgage from the high street lenders, you could be disappointed even though there are other lenders who are less well known, don't have high street offices, but who can offer deals even if you have problems with your credit history.

It will depend on your circumstances as to how expensive the mortgage or loan will be and those people with a heavy debt problem may find it difficult to obtain a mortgage on similar terms that were available a couple of years ago, in the current financial climate.

It is fair to say that right now lenders are tightening up their lending criteria so while we can't guarantee to find a mortgage for people with an extreme debt problem, we can give many people the right advice and either help to arrange a mortgage to enable you to meet your mortgage needs and make paying down your debt more manageable, or recommend a debt management company who may be able to help you manage your debt problem.

At Better-Mortgages we research the market to find out who's offering the best deals for someone in your circumstances and it won't cost you anything for us to do an initial financial review. We'll make sure we fully understand your debt problem , to be confident we can give you appropriate advice and find you a suitable lender, or recommend other solutions.

We can also give you guidance about ways of tidying up your poor credit history and improving your credit rating, before you make a mortgage application. You can make sure that older credit history which is no longer relevant to a current application is removed or downgraded, just by filling in a form or two.

We have also published an e-book about credit card debt reduction, which you can download and start working on to repair your credit rating. Its full of great advice in controlling your credit card debt and day to day expenditure, and contains a debt reduction program which if you follow it, is guaranteed to reduce your credit card debt to £0.

To get mortgage advice to help with your bad debt problem just fill in our mortgage enquiry form. We ask you to be honest and tell us the 'gory details' up front, since this will increase your chances of us finding the right solution for you. Remember that if you decide to hide the true extent of your debt problem from us, a lender will most likely find out and refuse your application. This will make your credit history rating even worse, making it more difficult to find you a suitable mortgage, so its in your interest to help us to help you. Just click on the enquiry button below, fill in brief details, and an adviser will call you within the next 24 hours to discuss your situation.