Hi all. I am writing this message on behalf of a friend who is in trouble. They have received a letter from their current account bank (halifax) saying that they are about to close their account. My friend is currently living (most of the time) in their agreed overdraft limit of £300. They have adverse debt problems and most of these ...

thank you for your advice regards ged

good man, the past history will only go against you with stringent lenders. All else will be fine so you should not have an issue. Remember to add notes on to your report as they often count. A note will raise an enquiry and bypass the automated filter. worth thinkin about. Maybe Nationwide use an alternative credit check. Good Luck and all ...

first off, you can post a note on your credit report explaining the situation. This will help potential lenders in understanding the situation. secondly, lenders use different credit checks dependant on their choice. You can find out which company your lender uses and choose a different lender who uses an alternative credit check company.

hi, it will not make a great deal of difference depending on how much you have in the savings account. It may be worth looking at alternative lenders who have less stringent requirements at the moment. mortgage express and leeds building society are two who are keen to accept customers If you are not happy see another broker. Each has ...

hi, I am currently wanting to open a new bank account (on top of my current ones) and need some advice. I own several properties and I am wanting to put the mortgage payments (direct debits) in to this new account. I would also like to place the home insurance in to it too. At the same time I want to put the standing orders from mr tennants ...

hi, it will be better to settle these accounts.. yes. lenders use different credit checks dependant on their choice. If for example your lender uses experian then you can look for an alternative lender who does not use said company. You will be suprised to know that your credit report can differ between companies, so what experian says. may not ...

good thought Ian. As I said, he can take out the 20% using another borrower 'in name only' (assuming that the third party is wanting their 20% share). A btl can be done if he can get someone to be a tennant (on paper) and he serves himself as a lodger. like we have all concluded it will depend on how exactly the situation is laid out. ...

hi martin. with regards to the car loan. It will depend on your income offset to outstanding debts. It should not directly affect your mortgage or the amount to be borrowed. (this goes mainly on your income). If anything it will affect your credit report. Lenders (not all) are becoming more adverse to offering loans to people with large ...

hi Jackie. with regards to the bankruptcy. If you go down this route it may not help. you are already paying out small amounts that are the legal requirement? even with bankruptcy you will have to pay an amount although you can wipe some of the debt. however you can reduce these amounts by going through the cit adv and come out of it the ...