Adverse Credit Advice Please Folks

DAVEEDDO

my girlfriend and i are currently looking to get on the ladder and have been in contact with london and country and are waiting for some advice from them, our situation is as follows

i currently have one account with a default which i am paying hundred pound a month on (900 pounds still to pay)
i settled another outstanding default today for 2400 pounds and this will not show as settled until my credit file is brought up to dat next month,
i also have have a couple of other defaults which were settled in 2001/2,
i have no ccj`s and in full time employment earning 20k + 10k in guaranteed overtime,

my girlfriend earns 13k and has no defaults, a couple of late payments but thats it, she has a loan with about 3k on it and a credit card with 1k on it,

i was just wantin to know what kind of deals we could get

any help would be great,
thanks guys

UK007BullDog

Well, not the best deals as the late payments will show up.
Also just because the defaults are paid up partially does not mean that you will get a better deal.

Don't know if London & Country are whole of market but you should see an independent fees free whole of market broker.

Also you should cancel any credit cards you no longer use to enhance your borrowing power.

There are so many other variables in your case since it is adverse that we cannot point to a lender. You really need to shop around to get the best deal for you. But the rates will be higher than the regular high street offers.

Jake'sGran

UK007BullDog wrote:

Well, not the best deals as the late payments will show up.
Also just because the defaults are paid up partially does not mean that you will get a better deal.

Don't know if London & Country are whole of market but you should see an independent fees free whole of market broker.

Also you should cancel any credit cards you no longer use to enhance your borrowing power.

There are so many other variables in your case since it is adverse that we cannot point to a lender. You really need to shop around to get the best deal for you. But the rates will be higher than the regular high street offers.

The first response was the best advice but I was just going to say you could try asking Charcol (mortgage brokers)as I believe they are reputable and might be prepared to give you some advice even if they can't offer a mortgage product. You will find them on line.

DAVEEDDO

Thanks for the tips guys, what kind of interest rate will i be looking at, and should i pay off the last default first before trying to apply, only got one credit so really dont want to cancel it,

thanks guys