We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Advice? mortgage with payday loans&defaults pls!!
Comments
-
Didn!!!8217;t get it ..... gutted0
-
3 days? that was quick, What has your mortgage advisor said?0
-
No, we didn’t apply, mortgage broker ran it by then and they said they wouldn’t proceed because of the pay day loans ....0
-
We are gutted in a way... but in another way not. That much as it will give us more time to save more of a deposit etc0
-
Frustrated, did not realise pay day loans would ruin our credit file!! Thought they would actually help it?! Just like getting a credit card and paying it in full every month, could scream0
-
-
My thoughts exactly, he has said he will maybe get us it all back, I!!!8217;ve complained to Wonga and asked them to remove them? Although not sure I will get anywhere0
-
Frustrated, did not realise pay day loans would ruin our credit file!! Thought they would actually help it?! Just like getting a credit card and paying it in full every month, could scream
Payday loans are only used by people desperate for money due to the high interest so shows signs of financial difficulty/poor money management.
Using a credit card each month and paying it off in full would have resulted in no interest being payable. So choosing a payday loan instead of using a credit card shows they must be desperate.My thoughts exactly, he has said he will maybe get us it all back, I!!!8217;ve complained to Wonga and asked them to remove them? Although not sure I will get anywhere
Complaint about what exactly?, they won't remove them unless the information is incorrect.0 -
When you say 'mortgage adviser', do you mean someone at a bank?
That person will only have access to products offered by that bank. It is perfectly possible that another lender may be happy to lend to you.
If so, you need to see an independent mortgage broker. Someone like London & Country? They should know which lenders are happy to consider lending to someone in your situation. Their fees would usually be paid by the mortgage lender.0 -
Sorry, no I mean a mortgage broker, from the builders0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards