Credit Rating - Checks and Scores

If you've got a good credit history, you should have no problem getting credit and finance as a credit check classes you as Status. But if you've had credit problems (in the recent or even distant past) like CCJ's, defaults, arrears, bankruptcy or self employed with no accounts, you have the wrong job or work just a few hours a week then you are classed as Non Status.

Before lenders consider lending you credit they will undertake a credit check. A credit check determines your credit history whether you have any CCJ's, defaults or outstanding credit card bills using the services of a credit agency (Experian or Equifax). Being a homeowner means you can use your home as security for better interest rates. Having a poor credit history can make it harder to get finance.

This process is used by most lenders to determine what level of credit risk you are. They use a scoring system based on credit history; good or bad, length at current address, security, employment, income. Answering these questions gives them a score or Credit Rating. Mainstream lenders only want high scores. However there are lenders, 4homeowner.co.uk being one of them, who will find credit to suit your score even if it is a poor credit rating. The majority of your credit history and suitability will be on a national credit database but it is up to individual lenders whether the risk is acceptable.

Now you've read all of the above the only part left before we get you a competitive Homeowner Loan quote is completion of our online Homeowner Application Form!
You are under NO Obligation and the quote is FREE.

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