Three years ago a few missed payments on the odd credit card would have probably been ignored and a loan or mortgage would have been granted at normal rates. Oh how the world has changed since the fall of Lehman Brothers and Bear Stearns. Lenders have struggled to raise funds through the capital markets and have become more nervous than ever before. Your Credit Score will determine the band of risk that you may or may not pose to the lender. Always maintain your payments, albeit the minimum sum required by most credit card companies and do not exceed credit limits as this will also have a negative affect on your score. Some Lenders have already started relaxing their score and have become a little more forgiving for minor adverse credit. The appetite for mortgages and loans is starting to become competitive again but it’s still a minefield and to that end we suggest engaging the services of a well established and respected Broker, such as, Go Remortgage. We provide the highest possible service and have a full understanding of what certain lenders will and won’t accept. If you follow this tip and always maintain your payments, then lenders will be falling over themselves to lend to you in the future.

This entry was posted on Wednesday, April 21st, 2010 at 3:59 pm and is filed under Go Remortgage News, Mortgage Rate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.