Forum Replies Created

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of StewartJStewartJ
    Member
    @stewartj
    Join Date: 2011
    Post Count: 4
    October 1, 2011 - 4:33 am

    Thanks for your help Paul. I’ve been paying out the debts one at a time and the ones on the CC file are those left. A rent to own would also be an option as I am clearing off other debts as well and within less than 5 yrs I hope to be well and clear. Thanks Stewart

    Profile photo of StewartJStewartJ
    Member
    @stewartj
    Join Date: 2011
    Post Count: 4
    September 29, 2011 - 9:15 pm

    Thanks Richard,

    Servicing the loan is no problem and we are The issue is with my cc file. I have some defaults a few years ago as the result of my business going down due to a major client going down. We have applied for a few loans but being rejected due to this on my file and was told…”in the current financial climate, it will not be possible for any bank to lend with any defaults on a cc file.” Hence the need for a VF route. The property is below market value and the loan amount would be around 168k.

    Stewart

    Profile photo of StewartJStewartJ
    Member
    @stewartj
    Join Date: 2011
    Post Count: 4
    September 29, 2011 - 7:45 am

    Hi there, we are actually in need of a wrapper.

    I just posted a thread and then saw your thread and thought you might be interested.

    My wife and I are looking to buy a well priced house and
    I don’t qualify for a mainstream loan, but my wife has a great size deposit. we have been rejected already due to a bad credit report dating back 4 years in my name. and was told it would be difficult to get any loan in the current finance climate.

    The property price is 210,00 and we could easily put in 40-50k+ depending on stamp duty and legals etc.

    We would be happy with paying interest above the average.

    Any help also to point us in the direction would be much appreciated.

    Cheers

Viewing 3 posts - 1 through 3 (of 3 total)