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Can Bad Credit be cleared from file?
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Hpriddle1
Posts: 28 Forumite
My bboyfriend has got £3500 worth of defaulted debt on his file that he did not know about..fool! One of which is a county court judgement. If we pay of this debt is there anyway to get rid of the evidence on his file so that we can get a mortgage and if so how long would it take.
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Simple answer is yes you can get all the debts cleared, however it will stay on his credit file for 6 years.
Obviously the longer it is on your credit file, the less impact it will have i.e a CCJ from 5 years ago will be seen as less serious as a CCJ from last month
HTHI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
The problem is is that we are currently living at his parents house which is driving me insane. We have been here for the last 2 years and I can not bare to be here much longer. As you can imagine 6 years is a very long time to be waiting to get a mortgage. Is there any quicker way? Also When do they start counting they start counting those years as it has been on his file since 2002 but is that the judgment or the initial payments?0
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As stated on your other post, there is no reason why you cannot look to get a mortgage based on your current circumstances.
The only downside is that the rate may be higher to compensate for the adverse credit history.
The fact it was registered 4 years ago will help also
HTHI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
If its that old you might get away with it. I have just got a fresh 12oo ccj past a mainstream high st lenderI like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)0
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I had some bad stuff on my credit repoert and was told 6 years.. some of them have gone already.. i check my credit report every couple of months0
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Did you pay off those debts that you say have one already?0
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I entered into a Trust Deed and that took care of my debts.. My Trust Deed ended a 18months ago and some of the defaults are cleared from my credit record already0
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Abbey are a good start for anyone with a bit of minor adverse credit - but make sure you go througha broker, you will need assessing properlyI am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
LOL. Abbey is where one of his debts is of £1330 and has been defaulted. It just gets better and better. ha ha0
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