for replacement windows. He doesn't have any debts and his credit card is well up to date. (He showed me his experian report and there are no late payments, ccjs or anything negative at all). He isn't financially linked with anyone else and has checked that there are no outstanding debts on his house.
Anyone got any suggestions why he can't get any credit and what he can do about it?
2006-11-03 05:27:48 · 6 answers · asked by nettyone2003 6 in Business & Finance ➔ Credit
My friend lives in the UK. The smallest mortgage he can get is for £10,000 and he only wants to borrow £5,000. The setup fees are also quite large so will it be ecconomical to get a first mortgage on the property?
2006-11-03 07:44:22 · update #1
www.surefirefinance.co.uk can help, they can supply secured/unsecured loans, mortgages and are car finance specialists for people with bad credit. They can also get the best rates for those with a good credit history.
2006-11-03 22:23:05 · answer #1 · answered by Anonymous · 1⤊ 0⤋
You did not say what his score is. If there is no score in the file then his best solution since he has no debt on the home is to take out a small first mortgage on the home. Any mortgage banker will do this for you. The file with no derogs in file and BK's in file for 2 years can be manually underwritten by any Fannie Mae lender in the nation. Rates are still very good at this point in time. The process could take a couple of weeks to get done but the rate is worth it.
I am a mortgage banker in Tennessee
2006-11-03 06:30:55 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
I'd say that if he's having trouble, go right to the source. I'm not sure if it's the same in the UK as in the U.S., but here lenders who deny you credit can be made to give their reasons why if you ask. I'd have him talk to the people who turned him down to find out why.
2006-11-03 08:44:49 · answer #3 · answered by Vadalia 4 · 0⤊ 0⤋
Wow. Your chum used a stolen mastercard on eBay (on her very own account?) from her domicile pc. and she or he had the stuff extra to her domicile? this is like robbing a financial corporation and utilising your very own vehicle for the getaway. assume a circulate to from the law enforcement officers and the secret service. Are you sturdy and scared? ok, right this is the sturdy information. opportunities are high that no longer something is going to ensue different than your chum getting banned by skill of eBay. and perchance the mastercard corporation might intiate some style of series action. while my id replaced into stolen and somebody did to me what your chum did; the law enforcement officers advised me to my face that they weren't going to pursue the case. They knew precisely who the thief replaced into and the place he lived yet they did no longer think of that the case replaced into significant sufficient to spend time on. and that i lost so plenty extra desirable than $1800. i replaced into dismayed yet I favourite their honesty. And interior the top, i did no longer ought to pay for the fraudulent mastercard quotes, so the only one that lost money replaced into the mastercard corporation. Now I stay in a substantial city and the law enforcement officers are very busy with extra intense crimes. yet perchance the law enforcement officers the place you reside have unfastened time on their palms so as that they are in a position to % to circulate after your chum. i know all and sundry is going to disagree with me, yet i'm touching on an incredibly own journey. The law enforcement officers chosen to no longer do something that's interior their discretion.
2016-11-27 01:24:32 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Having worked in banking for over 20 years, all I can think of is that there's no profit in a loan that small for a bank. I wouldn't make the loan either.
2006-11-03 09:03:12 · answer #5 · answered by Jack 6 · 0⤊ 1⤋
if there are no neg things and things are up to date, then he should be able to find credit somewhere...they he call the credit people he is trying to get credit and ask why he isnt getting the credit ? sometimes those jokers just want you to call and hear your voice
2006-11-03 07:01:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋