Bad Credit Home Loans

Your credit report will show all credit related enquiries in the last 5 years. All defaults and judgments usually stay on your credit file, irrespective of whether they are paid or not for a period of 5 years from the date they are listed. Bankruptcy information may remain on your credit file for up to 7 years.

If you fix your credit file before you apply for a home loan, then lenders will look at your application as though you had no bad credit. Talk to us about it when you call.

Most of the time it’s difficult to get a loan from traditional lenders if you have bad credit, however, our expert approach means that we will find the right lender for you, that can consider your situation when they assess your application.

Usually, bad credit home loans are suited to people who have had unfortunate events like divorce, injury, loss of a job or business failure. If this has then resulted in black marks on your credit file, traditional lenders will be unlikely to lend to you. This is where you may qualify for a bad credit home loan.

It’s good to review your own credit history to ensure that there are no bad credit listings noted on your credit file. To do this, you can obtain a copy of your credit report, from VEDA Advantage.

Bad credit loans are assessed on a case by case basis. As each person’s credit history and borrowing requirements are different, so are the options.