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    • newbie1986
    • By newbie1986 10th Aug 18, 1:40 PM
    • 1Posts
    • 0Thanks
    First time buyer - payday loan/DMP
    • #1
    • 10th Aug 18, 1:40 PM
    First time buyer - payday loan/DMP 10th Aug 18 at 1:40 PM
    I am looking to purchase a house however my financial past hasn't been the cleanest. Around 4/5 years ago I was on a DMP for about 6 months but then came off and cleared the debt. I have also had a fair few payday loans however nothing over the past year. My credit score has picked up and depending which report i use it seems ok.
    Experian - 977/999 (seems a bit high)
    Clearscore - 513/700
    Noddle - 3/5 (567)

    I have a loan which has about 9k left over 2 years which i used to purchase a car but i'm just really worried my past is going to stop me from being able to buy a house. I earn around 40k plus 10% bonus and i'm looking for advice on whether i stand a chance? My partners credit file is clean as a whistle but i don't know if that would help mask my past.
    Last edited by newbie1986; 10-08-2018 at 1:42 PM. Reason: more info
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    • csgohan4
    • By csgohan4 10th Aug 18, 2:11 PM
    • 5,494 Posts
    • 3,533 Thanks
    • #2
    • 10th Aug 18, 2:11 PM
    • #2
    • 10th Aug 18, 2:11 PM
    depends on your LTV/ Deposit/ House price

    Get a broker and given them copies of all your credit files to hand and they will guide you, I suspect you may need an adverse credit broker given your history

    it's the credit history and not the score that matter. Lender's have their own lending criteria and ignore credit scores from other agencies
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
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