Once I can afford to, If I opt for lower payments now via Citizens Advice Bureau, because of a change of circumstances, ie, I don't have enough cash due to change of circumstances, to pay right now?
2006-11-23 08:59:10 · 5 answers · asked by helloha06 1 in Business & Finance ➔ Personal Finance
You will probably be able to get a normal mortgage, but you could be penalised on the interest rate - a bank or building society will offer the base interest rate they advertise to very few people - you need to check how many interest points they 'plus' on to yours. Shop around, you'll get a better deal, even if you don't feel confident about it.
2006-11-24 19:16:26 · answer #1 · answered by RM 6 · 0⤊ 0⤋
As long as you handle your finances in a responsible way and have a decent credit rating you should do ok. Try bouncing your credit cards off against each other, but don't spend on them!! Just move things around a bit till you are sorted and you'll do fine. X
2006-11-23 17:09:58 · answer #2 · answered by RUTH M 3 · 0⤊ 0⤋
if you make all payments on a loan, even if you have the loan rescheduled to reduce the payments, then you are acting responsibly with credit.
Even if the loan is still outstanding in the future but you can afford to, then a high street lender will still lend you on a 'normal' mortgage.
2006-11-23 17:05:59 · answer #3 · answered by duncanjfield 2 · 0⤊ 0⤋
it depends on how you do it. if you go for an IVA it usually takes 5 to six years to clear any defaults and county court jugements off your credit reference. if your struggling though the sooner you sort it out the better, as i put it off for years, and if i had done it then, i would be clear now... hope that makes sense!
good luck!
2006-11-23 17:07:08 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes you can.
2006-11-27 04:52:27 · answer #5 · answered by mohamed k 1 · 0⤊ 0⤋