How can I re-mortgage with horrible credit score?

Judithmackie

I currently have a mortgage, loan, car & credit card payments which leave me with very little money left for bills and food. I have now been hit with a credit card I thought I paid off and a factor fee I didn't know anything about, both of these have decimated my credit score so I can't get a normal re-mortgage, tried to increase my loan but was declined. I cannot add even a small payment to each company a month therefore looked to increase my mortgage.

There is very little information out there about this, I am getting to or maybe even well into a panic about this and have no idea what to do, thought about nothing else for days.

Any advice?

lee111s

You can't.

Judithmackie

Any elaboration??

the_long_and_winding_road

Hi there, sounds like you'd be better posting your predicament on the debt free wannabee board. There's lots of friendly people who will be able to advise and support and hopefully give you some ideas of how you can make changes to be able to manage. Adding more £'s to your mortgage (and therefore turning unsecured debt into secured debt) is seldom the answer.

HappyMJ

Judithmackie wrote: »

I currently have a mortgage, loan, car & credit card payments which leave me with very little money left for bills and food. I have now been hit with a credit card I thought I paid off and a factor fee I didn't know anything about, both of these have decimated my credit score so I can't get a normal re-mortgage, tried to increase my loan but was declined. I cannot add even a small payment to each company a month therefore looked to increase my mortgage.

There is very little information out there about this, I am getting to or maybe even well into a panic about this and have no idea what to do, thought about nothing else for days.

Any advice?

You can usually add the factor fee to the mortgage you currently have as that is essential to keeping your property.

hoops77

Ask to take a mortgage holiday and get back on your feet