refused mortgage - advice needed

moneemonee

chrisfurbs wrote: »

Idiots thinking a pay day loan wont affect anything it shows u are so desperate u are willing to pay stupid intesest

if you had read my inital post it wasnt because i was desperate for money, also I took the loans out for 2 days they were for no more than £100 and I think it cost me about £3 or something, but like I said in initial post I thought it would improve credit rating which it did.

droiderm

moneemonee wrote: »

Thanks for this, it only shows up on Experian but not on the others, unfortunately I think this is the one that is used by most lenders

I am pretty sure there are some lenders that don't use them .
That's not my expertise though. Maybe one of the brokers will help.

Dave_Ham

Hi there,

There are lenders that rely more heavily on Equifax and Call Credit than Experian.

If this was adverse credit data then there would be a question in the application to answer honestly, given this is pay day loans I would suggest there will be a solution for you here.

Hunt down a decent broker and would expect this to be achievable based upon the information provided.

Good luck

Thrugelmir

moneemonee wrote: »

but like I said in initial post I thought it would improve credit rating which it did.

Lenders score loan applicants on criteria linked to affordability.

So increasingly applicants need to be squeaky clean. With no blemishes.

Lenders will need care why you did. Just that you did.

Figtree

chrisfurbs wrote: »

Idiots thinking a pay day loan wont affect anything it shows u are so desperate u are willing to pay stupid intesest

I'm glad you contributed to this thread. I read your insightful post with intesest [sic]