Subscribe to our Feed
Credit Repair Mortgage
Repair your bad credit
If you want to repair your bad credit with bad credit mortgage, adverse credit remortgage or secured finance we could help. Specialising in helping clients obtain adverse credit mortgage's and secured finance we could help with your credit repair mortgage and put you back in the driving seat.
contact us today.
What is credit repair?
Credit repair, is the process of accessing any credit problems you may have and devising a solution or plan of action in order to repay the bad debt - thus 'repairing' your credit - or more specifically your payment profile and payment history listed on your credit report, which a lender will refer to in order to determine if you fit their lending criteria.
Our credit repair services are by way of a bad credit mortgage or remortgage, secured loan, debt management or IVA.
We realise that consolidating debts is not always the best option and if we 
feel there may be better options available to you we will let you know, if we feel its not in your best interest to consolidate your debts, again we will let you know. With many years experience working in the adverse credit industry we have a wealth of knowledge at your disposal.
Be very wary of companies who claim they can repair your credit overnight - this simply isn't possible. Any bad credit will remain on your credit file for a number of years after they have been repaid, although consolidating debts will improve your credit status - as the bad debt will show as settled - they will still show on your credit file and repairing your credit to a point where it no longer has any effect on future credit applications will take time.
What can a credit repair mortgage do for me?
Credit repair can improve your credit rating in a number of different ways.
If you want to repair your credit by consolidating all your bad debts with an adverse credit mortgage or secured loan then all your bad credit will be repaid in one hit, which will obviously benefit you and future credit transactions as any new credit applications (such as a mortgage application) will not be restricted by the adverse credit listed on your credit file. Lenders will be able to see from your credit file that all your bad debt has been repaid. Whilst the bad debt will remain on your credit file for approximately 6 years they will show as being settled which will look better to a potential lender than the debts still being outstanding.
If on the other hand you want to repair your credit without any further borrowing then you could look at either debt management or an IVA, repairing your credit this way will mean you do not incur additional interest from another loan but it may take longer to repay the bad debts and as such will mean your credit rating will not be repaired as quickly. They will however show your creditors that you have taken positive steps to resolve your bad credit and is usually still a better option than doing nothing at all.
However you choose to repair your credit its important to bear in mind that there are no quick fixes - if you repair your credit by consolidating your credit will be instantly improved but you will have the bad credit listed on your credit file for 6 years and you also have the new loan to repay. If you chose to repair your credit by debt management or IVA then you will have to wait until the debts are repaid and then after that the credit will still be listed on your credit for a further 6 years.
Both options have their merits and both have their drawbacks and which credit repair option you choose will depend on your individual set of circumstances, needs and budget.
simply fill in the form at the top of this page or telephone 0845 094 2331
