When can I get credit again 28 February 2011 at 5:47PM edited 30 November -1 at 1:00AM in Debt-Free Wannabe 2 replies 717 views

LindyLou

I have recently paid off my debts due to an inheritance and am now completely debt free.

I want to remortgage the house and get an extension or even a loan to do it.

I just want to know when I can start to get credit again.

Before I paid them off I missed payments and got into arrears with all of them. I received lots of default notices beforehand.

How will my credit be affected by the default notices and when will I have a good credit score again?

Thanks :beer:

McKneff

You need to check your credit report,
If there are defaults on there, they will be their for 6 years.
It will be very difficult for yu to remortgage but not impossible.

eyeopener2

Unless you actually have to re-mortgage why not just settle into a debt free lifestyle for a while. See how your budgeting goes, save some pennies.

If you jump back into the lions den you may find yourself struggling again. Enjoy being debt free.