Small lending problem

Stevehazelbw

Hi. We have just purchased a new business and are in the process of refurbishing the building. We had planned to use some of the proceeds of our house sale as part of the capital investment. The house was sold up until the last minute a few days ago..then the buyer pulled out for relationship reasons. This has left us short of cash. We have about £50,000 equity in the house (at it's vastly reduced selling price as of today) and want to release some for about 8 months to ensure we sell. Trouble is my credit rating is poor due to a few problems with council tax and I don't seem to be able to find a lender that will help....any help out there?

dotdash79

council tax shouldn't impact your credit file

Stevehazelbw

Well they took me to court and it seems to appear on my file

DCFC79

Your own bank might be a starting point.

Stevehazelbw

They say they are not able to help because of my credit score

dotdash79

http://www.experian.co.uk/consumer/questions/askjames226.html

This says that even if it went to court it shouldn't be on your file. Was it council tax or was it something else?

Stevehazelbw

I have checked my credit rating...it rates me as Fair with one public record of £325

BugsyBrowne

Stevehazelbw wrote: »

I have checked my credit rating...it rates me as Fair with one public record of £325

No such thing as a fair credit profile it doesn't exist.