Hi Dimiri. That should NOT be a problem. I help CREDIT IMPAIRED people all the time. Your situation is EASY. Please feel free to contact me via my Profile page. Look forward to hearing from you. Thank you
Hi Dimitri. There are lenders on our panel that will accept defaults of credit cards but may be on a higher rate if your will be consolidating the credit card debt. If you are not to payout and close credit cards all lenders will accept. Dimitri we are not just mortgage brokers in our office. We also are financial and tax advisers and we are able to assist you to payout your current home loan sooner and reduce your debts with strategies in place. Please call if interested and we can chat on the phone. Just view my profile and you will get my contact details
Hi Dimitri, as long as you credit cards are not in the arrears and your loan is 80% or less of the value of your property you should be fine with some of the lenders. Also you may want to get your Credit Report first
Hi Dimiri, from the outset this would not be an issue when refinancing the loan, However to be precise more details are required. First thing to get a copy of the credit file to see how adversely it has been affected to your score. However, in my experience the missed credit card payments have a least impact on your refinance approval. It would be good if you could contact a broker to evalute the situation to get a definite answer.
Hi Dmitri, are you going to consider a consolidate your current debit from your credit card? If Yes, can I ask how much and how many time you missed the repayments? If no, some lenders would consider your home loan refinance only without any bad credit in your credit file.
If your new loan is structured and submitted correctly, your credit cards will not have any bearing at all. I would love to lend my experience towards this for you. Please contact me anytime if you would like my assistnace
Dimitri, Good morning and thank you for your question. Provided your credit card is not part of the refinance proposal, there are plenty of Lenders who will not need to see those statements and missed payments. The critical piece will be that you can show a perfect conduct on your home loan statement over the past six months (All Payments made, No Dishonours, No Late Payment or Arrears Fees) If this is the case, the refinancing proposal will then be assessed on both your ability to repay (loan servicing) and a satisfactory credit report. This response is based on your comment of "Missing" a few payments, ie missing the payment due date and not ignoring the payment altogether, which may have an impact on your credit report. As an added suggestion, I recommend that you make a diary note (in your phone / email etc) as to when your credit card payment is due. You must commence making at least the minimum payment on time. Another tip would be transfer some money on each pay day, thus meaning that the minimum payment amount has been covered when it comes due. Please contact me if I can be of further assistance. Regards Ken Olds
First thing to note is you dont apply for finance with the bank you have the credit card with - even if their policy states one thing - there computer systems will likely stop any loan. Some lenders dont need credit card statemenets - but you would need to see a broker and see your options. Like has been mentioned - organise a copy of your credit file - clean - no issues.
Hi Dmitri, I suggest also that you get a copy of your credit file, just in case to check if thee is any adverse register. If the card is not going to be refinanced, and your credit file is clean, then there are a few options. If you need further help ,please contact me. Cheers Osman Duman
Hi Dmitri, on face value it wouldn't seem the be all or the end all. It really comes down to how many times it's occurred, were the late charges or over the limit charges, did it end up in collections etc. From my experience lenders won't necessarily penalise you on those credit cards it's more of an issue if you missed several payments on the home Loan. I wouldn't be too concerned if it's just a couple of missed payments on the cards. Feel free to get in touch by heading my HashChing page and we can discuss further. Cheers Michael
Hi Dmitri it might affect the application but that would depend on the lender and their policy. I would suggest you contact a broker through their profile so that's you can have a conversation over the phone with them and they will be able to help
Is the card still in arrears? Did you want to consolidate this card? Yes it can affect what you wantto do but generally there are lenders who will consider
LEZLI
Hi Dimitri, how did you go? I have just had a loan approved for someone who had a Pary IX. I can help you also. So please contact me & I'll help you too.