Who would be the best company/person to approach with an ok credit rating?

leftinamess

As above does anyone have any ideas of who to approach with an OK credit rating?


Am I better trying my own bank, A Broker or an independent?


thanks in advance.

Dave_Ham

Hi, you need a broker for sure. You do not have an ok credit rating, as there is no such thing.

You have old defaults with a rationale (as per other thread) and therefore highly likely you will require a 15% deposit.

This is unlikely to be mainstream, but as advised all 3 copies of your credit files will be essential.

kingstreet

There was a thread already running;-

https://forums.moneysavingexpert.com/discussion/comment/64088063#Comment_64088063

and the last reply was today.

leftinamess

Dave_Ham wrote: »

Hi, you need a broker for sure. You do not have an ok credit rating, as there is no such thing.

You have old defaults with a rationale (as per other thread) and therefore highly likely you will require a 15% deposit.

This is unlikely to be mainstream, but as advised all 3 copies of your credit files will be essential.

Any broker? or is there people that are better in this line of work?

leftinamess

kingstreet wrote: »

There was a thread already running;-

https://forums.moneysavingexpert.com/discussion/comment/64088063#Comment_64088063

and the last reply was today.

Sorry I believe I was asking a different question.......


Who would be best to apply to?


thanks

Dave_Ham

A recommended broker is always better, although you need one that is experienced with the types of lenders that are likely to be required.

Maybe have a free chat with a few, but do expect to pay a fee and additionally do not tell them you have an ok credit rating. Tell them your situation and if they do not ask for your credit files immediately, then have a chat with another.

leftinamess

Dave_Ham wrote: »

A recommended broker is always better, although you need one that is experienced with the types of lenders that are likely to be required.

Maybe have a free chat with a few, but do expect to pay a fee and additionally do not tell them you have an ok credit rating. Tell them your situation and if they do not ask for your credit files immediately, then have a chat with another.

Sorry, I am no pro at this, I used the term ok credit rating as this is what it states on Equifax......


thanks for your help.

Yorkie1

Ignore the numbers / scores or the 'paraphrasing' from the credit reference agencies.

These are completely irrelevant to how a lender will view you.

(As you were advised in your previous thread).