who's credit is best?

tiggy748_2

we want to buy a 50K house which needs 20K renovations. Will be worth 90-100K done up. We have 30K, and can possibly scrape together another 10K from savings, selling the horses and other bits and bobs. (This money was allocated for car, boat and holiday tho, and as we have worked for 60 hours a week, 52 weeks a year for the past 7 years to clear around 80k of debt to be this this position we feel we deserve this!) - and if we pull this off we will have cleared another 40K!

Ive been told that the ideal amount of 40K (purchase plus renovations without touching out holiday money) is too little for a mortgage, so we need to look at other options.

Hubby has a few late mortgage payments on his file, one Barclaycard (not used credit around 250) littlewoods account (not used credit around 600) and a IVA that was cleared 9 years ago, so shoudlnt be on there but FA has said it will come up in bankruptcy searches.

I have two defualts, perfect littlewoods accounts, two orange accounts (not too bad), a credit card (egg withdrew the credit with the crunch and im paying it off - the account is fine tho) and a loan which also is fine. All credit is around 400- 600 left for each account.

im going to go for a secured loan but was wondering whos credit history is better? who are they more likely to give it to?

CherlokHomes

You both sound like you have trashed credit files TBH and a secured loan may be the only answer but with a Horrific APR.

Get your credit files from Experian & Equifax but whatever you do look at whats on your files and take no notice of their meaningless scores they give you.