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First Time Buyer - Deposit BUT Extremely Bad Debt History - Advice Pls

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Comments

  • Raggs_2
    Raggs_2 Posts: 760 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    edited 8 June 2010 at 12:02PM
    csrichards wrote: »
    My new name is not linked to my old name on my credit file.
    Signed up to credit expert yesterday and showing no adverse credit, more to the point its showing no credit at all, just my 2 bank accounts. One of which has a couple of bad markers 6 or so months ago when I went over my overdraft. I have a score of 824 out of 1000.

    Does going over your overdraft count as bad credit?

    Even if not that important, the banks will see someone claiming to earn 84k a year, and still apparently living out of his overdraft...
  • Arthritic_Toe
    Arthritic_Toe Posts: 259 Forumite
    csrichards wrote: »
    ...
    Now although I know this is not the best thing to do but I ran from the debt and buried my head in the sand
    ...

    Your previous name was Gordon Brown wasn't it.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    You can bet when you apply for a mortgage all the debt hunters come out of the cupboard.

    Pay off the debt!
  • Ewarwoowar2
    Ewarwoowar2 Posts: 322 Forumite
    If the debt hunters find you after you've entered in to the mortgage and that puts you in financial trouble, I'm sure the lender will take a dim view of your failure to disclose the debts to them.

    Also, won't your debts have increased when interest and fees are added in?
    I am an employment solicitor. However, my views should not be taken to be legal advice. It's difficult to give correct opinion based on the information given by posters.
  • stebiz
    stebiz Posts: 6,592 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Arthritic_Toe wrote: »
    Your previous name was Gordon Brown wasn't it.
    :rotfl::rotfl::rotfl:
    Ask me no questions, and I'll tell you no lies
This discussion has been closed.
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