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Moneysupermarket adverse credit definitions

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I am hoping somebody can let me know whether they agree,

On money supermarket within the mortgages section they have a best sellers list on the website.

There is a section there for adverse credit. This states that adverse credit is classed at 1 ccj. Surely this cant be right?

It also lists the best adverse credit mortgage been offered by Yorkshire Building Society on a 3 year fixed at 4.99%.

My points are surely light adverse credit cannot be classed as 1 ccj?

Somebody with a ccj surely would not be able to get a mortggage for 4.99% fixed for three years, surely?

I have missed payments and will not be accepted by a high street bank.

Does anybody else agree that this is wrong?

Thanks

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    I don't think money supermarket are going to be too accurate in their definitions as all lenders ahve very varied definitions between them.

    However, moneysupermaket are a lead generation company - which means that when you regitser, your details will be sold off to the highest bidding broker, which in effect menas that you do not know who will be calling you, their statuts (whole of market, tied, panel, fee free, feee charging, independent etc) or the quality of their advice.

    In would be up to these people that call to then filter down the correct options for you.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • sarkin
    sarkin Posts: 785 Forumite
    The CCJ is for unsecured borrowing so the lenders dont care, its not their money that was not paid back. Missed payments are on secured borrowing, that is the lenders money so they will care. But since the credit crunch anyone with less than perfect credit is going to be hit with a much higher interest rate.
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