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CCJ nightmare, future Mortgage, Debt-free

ewusiessel
ewusiessel Posts: 2 Newbie
edited 21 December 2013 at 8:52PM in Debt-free wannabe
I enrolled with a university years ago which I dropped out off due to a number of factors, at the time I was going through financial problems so I was trying to juggle my full time work and my studies at the same time in hope of being able to pay as I go with my studies, :wall:I don’t know what I was thinking but given my poor judgment coupled with the stress and strain of my work I was taken off the course by the university because it ultimately resulted in my failing too many modules to continue, this however came quickly with a 5K CCJ in my name, :o as I discovered this months after because I moved house then. (I had already made a first installment of 1K to the university when I enrolled and explained my circumstances to the finance department)

This has been on my credit file since 2009, this has impacted my credit eligibility and I have been unable to pay it off so I left it as it is, my worry is I have recently gotten married and we would like to get a mortgage soon, I have been careless with my finances in the past (a few credit cards haven gone into default and I am currently making very small repayments each month via the recovery companies:eek: so they can get off my back) I am committed to straightening up my personal finance by getting out of debt for good and obviously to help us secure a mortgage, my partner on the other hand has a good credit score as she has always been excellent with money.:rotfl::dance:

I want to know how I can improve my credit rating and improve our chances of securing a mortgage without my credit history being a problem for us.



:xmassign:

Comments

  • matttye
    matttye Posts: 4,828 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    When are your defaults?

    Old defaults and CCJs won't always stop you getting a mortgage, but you may have to pay a higher interest rate than those with squeaky clean files.
    What will your verse be?

    R.I.P Robin Williams.
  • In response to your question I had two in 2010 and one in 2009, I am making payments of between £10 & £20 monthly. How can I escape the high interest rates I might incur?
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    not having the above, only way or your partner applying only
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
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