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Renewing Mortgage (Pay Day loans)
GeordieGent
Posts: 1 Newbie
Hi, wondering if you could advise me. I got a mortgage last year and it all went fine. It was a five year fixed mortgage. One year in and I've taken out quite a few payday loans. Will this affect future mortgage renewal with my current provider (never missed a payment)? If I pay off my payday loans and don't use them again for the next four years, will this repair any damage done from using loans?
Thanks for your time.
Thanks for your time.
0
Comments
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it may affect if you want to go to a new lender, another option are customer retention products which need no credit searches.
But if you want to change lenders get a broker and hit the debt free wannabee forums to look at trimming your spending so you don't need to use the pay day loans"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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