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About the author: The Credit Counseling Foundation, Inc provides web-based education and personalized consumer credit counseling to clients and the general public in an effort to help consumers use credit wisely. Visit us at http://www.GoDebtFree.com. Back to Articles Index bad credit credit creditres

Prioritising Debts - Paying the Bills - Mortgage & Debt Advice

What To Pay When You Can't Pay Everything by Terry Rigg With ever increasing consumer debt more of us are finding ourselves robbing Peter to pay Paul each month. We go through our bills and find that the money just won't stretch far enough to cover all of the bills and expenses. It's hard to decide who you should pay when you have one bill that is stamped with "Final Notice" and you are behind on several of your other bills. bad consolidation credit debt

If you don't pay the credit cards you know that you are going to start getting those harassing phone calls. If you don't pay the house payment you are looking at foreclosure. If you don't pay the utilities they will shut them off. How do you decide bad company credit repair

When you get to this point it's time to get down to basic survival and work from there. I have actually talked to people that stated their credit cards were up to date but their mortgage was two months behind. This is one of the biggest mistakes we can make when we don't have the money to pay everything. Another mistake I see on a regular basis is that some people pay their bills at the expense of their food budget. bad card credit credit

If you have the money to pay some of your bills you have to start with groceries first and necessary health items. You can try to save as much as possible on your food but that money has to be set aside before anything else. bad car credit loan

The next bill you must pay is your mortgage or rent. While credit cards companies will drag out their collection process, mortgage companies and landlords will start the process of foreclosure or eviction within just a couple of months. bad credit loan mortgage

Your next priority is your utilities. In many cases utility companies will turn off your utilities if the bill isn't paid within a few days of receiving the bill. Once you are sure you have enough to eat and a roof over your head you can start thinking about your other bills. The secured loans, like your car payment, should come before your unsecured loans, like your credit cards. The reason for this is simple. Creditors that have secured property will sue or repossess much quicker than the credit card companies. auto bad credit loan

If you find yourself in this situation it is a sign that you need to do something drastic and fast. By not paying all of your bills each month they are going to add up quickly and you are going to accumulate a lot of late fees. bad credit mortgage refinance

The best place to start is to find out exactly where you stand and what is causing the problem. This is as simple as listing your income on one side of a piece of paper and your bills on the other. Total each and subtract your bills from your income. bad credit refinance

Your next step is to develop a budget. You can find a free and simple budget by visiting The Complete Budget and Bill Organizer at http://www.homemoneyhelp.com/BBOonline.html. Whether you use my budget system or another it is very important that you start one as soon as possible. For those of you that believe a budget is too restrictive, just the opposite is true. The only way you can get what you want and know you can afford it is to have a budget in place. bad credit mortgage second

It is important that you pay all of your bills on time each month. When you don't have the money to pay everything it is vital to your survival that you pay the most important bills first. About the author: Terry Rigg is the author of Living Within Your Means - The Easy Way and editor of The FREE Budget Stretcher Newsletter and Budget Stretcher web site http://www.homemoneyhelp.com. He has 25 years of experience counseling individuals and families concerning their personal finances. bad credit loan student

Back to Articles Index IVA Mortgages Get a Mortgage Quote Individual voluntary arrangements (IVAs) are an alternative to bankruptcy, which offer people in debt the opportunity to reach a formal agreement with their creditors to settle their debts. Taking out a mortgage when you are, or have been, under an IVA can be very difficult. But at Clean Slate Mortgages the specialist mortgage brokers we work with can arrange mortgages for people with IVAs via their close links with a number of UK mortgage lenders who are willing to lend to people with IVAs. For more information or to request a mortgage quote, please use our online enquiry form. Poor Credit Rating Mortgages Get a Mortgage Quote Any number of things can affect your credit rating and lead to you developing a poor credit history. A late payment on a credit card, a disputed bill, a CCJ, an IVA, difficulty meeting repayments on a loan or mortgage all of these can give rise to credit problems. A poor credit rating can, in turn, make it difficult to obtain a mortgage or remortgage through traditional high street banks and building societies. The reason for this is that the majority of lenders use standard credit scoring procedures when assessing an application for a mortgage or remortgage. This involves accessing your credit file and giving you a score based on its contents. Any instances of late or missed payments will reduce your credit score, and if you fail to meet the required minimum number of points, the chances are your mortgage or remortgage application will be declined due to your perceived poor credit history. Fortunately, there are a growing number of mortgage lenders who specialise in arranging mortgages and remortgages for people with poor credit histories, and who will assess each case on its own merits. At Clean Slate Mortgages, we can help you find a mortgage broker who arranges mortgages and remortgages for people with a poor credit history, many of whom had previously given up hope of being able to obtain a mortgage. Professional mortgage advisers can search the market on your behalf to find the most appropriate mortgage lender for your particular situation, taking into account the nature of your credit record. For further information and a free no-obligation discussion, please complete our online mortgage enquiry form. Remortgaging with Bad Credit Get a Mortgage Quote Low interest rates and the increase in the range of mortgage products over the past few years due to increased competition have meant that there has never been a better time to review your existing mortgage arrangements, even if you have a poor credit history caused by previous unpaid debts or late payments. To put it simply, there is a good chance you could save money by remortgaging, or raise extra cash to pay off debts, improve your home, buy a new car, or go on the holiday of a lifetime. What is a remortgage Remortgaging means switching to a different mortgage deal. This could be with your existing mortgage lender, but more often than not it will be with a different bank or building society. If you have credit problems, or have been turned down by a mainstream mortgage lender, then a specialist adverse credit mortgage lender may be the answer. In the past, many people never bothered to remortgage, but it looks like that situation is finally changing. According to the Council of Mortgage Lenders, in January 2003 (for the first time ever) remortgages accounted for more than 50% of the total monies advanced by mortgage lenders. Save money One of the most common reasons for remortgaging is to reduce costs. By switching to a lower interest rate you can either benefit from lower monthly repayments, or keep the monthly repayments the same, thus repaying the loan quicker and reducing the overall term of the mortgage. Raising equity Another reason to remortgage is in order to raise additional cash. Due to the rapid rise in property values over the past few years, many people now have mortgages which are well below their home current value. The difference between the property value and the mortgage debt is known as equity. The majority of mortgage lenders will allow you to increase the size of the mortgage in order to tap into some of this equity. The cash raised can be used for a variety of purposes, such as home improvements, holidays, a new car, or the consolidation of existing debts. In the current market, it is not uncommon for someone to be able to raise an additional 0, 000 against their property and still save money on their monthly repayments. If you have equity in your home and have outstanding balances on credit cards, personal loans, or other borrowings then you could save money with a debt consolidation remortgage. No move, no hassle Unlike moving house, arranging a remortgage can be surprisingly hassle-free. There are no chains of buyers to worry about, so the whole process can often be completed in a few weeks. Counting the costs In terms of costs there is no stamp duty to be paid, as you are not purchasing a property. Many lenders will pay some or all of your valuation and legal fees. In some cases there may be an arrangement fee or booking fee from the new lender. There may also be redemption penalties on your existing mortgage and you will need to take these into account when assessing how much money you could save by remortgaging. Act today! Your mortgage is probably your biggest single financial commitment, so it makes sense to spend some time ensuring you always have the best possible deal. For a free no-obligation assessment of whether remortgaging is right for you, please complete our online enquiry form and we will arrange for a mortgage consultant to contact you, free of charge, for a no-obligation discussion. Mortgage Repossessions Get a Mortgage Quote If you fall behind with your mortgage repayments, there is a risk that the mortgage company may try to repossess your home. The threat of repossession can be extremely worrying and is something that you certainly shouldn ignore. If your mortgage lender is threatening you with repossession there may be steps you can take to prevent the loss of your home. So long as you have some equity in your property and that equity is worth more than the amount you owe the mortgage company, then a remortgage could allow you to free up sufficient funds to pay off the lender and avoid your property being repossessed. Because not many banks and building societies will be willing to offer a remortgage to someone who has existing arrears, it is important to seek specialist help right away so as you don waste valuable time approaching lenders who can or won help you. At Clean Slate Mortgages, the mortgage consultants we work with are experts in the field of finding mortgages for people with mortgage arrears and other credit problems. To find out more, simply complete our online enquiry form and we will pass your details to a professional mortgage consultant who will do whatever they can to help you avoid having your house repossessed. Reversing a Repossession Get a Mortgage Quote Has your home been repossessed by your mortgage lender Are you in the process of being evicted If so, there is still a chance that you could save your home, but you need to act fast! Once a mortgage lender has obtained a repossession order against your property, you have fourteen days in which the decision can be reversed. During this short period of time, it is possible that you may be able to arrange a remortgage to pay off your current lender and stop yourself being evicted from your home. A specialist mortgage adviser can normally arrange a new mortgage within fourteen days, so long as you have sufficient equity available in your property. Generally, this means that the amount of your outstanding mortgage, plus any arrears, needs to be below 85% of the value of the property. To find out if you can avoid being evicted from your home, complete our online enquiry form today. We will then put you in touch with a specialist repossessions consultant who will discuss your situation with you free of charge and without any obligation to proceed. All enquiries are treated in strictest confidence. Right To Buy Mortgages Get a Mortgage Quote Now is the time to buy your council house! The Right To Buy scheme could enable you to own your own property to pass on to your family. Your local council or housing association may give you a generous discount on the market value of your property meaning you could get yourself on the property ladder for a fraction of the normal cost. With a bit of help, buying your council house needn be difficult. At Clean Slate Mortgages we have teamed up with Right To Buy mortgage specialists who can help you even if you have:

• Little or no proof of income
• County Court Judgements
• Late payments or defaults
• A low credit rating
• Discharged bankruptcy
• Mortgage or rent arrears
• Previously been repossessed

Don't delay! Act now to BUY your council or housing association home, often for LESS than you are paying in rent at the moment. For more information, please click here to complete a Right To Buy enquiry form. Self-Employed / Self-Certification Mortgages Get a Mortgage Quote A self-employed person is someone who runs their own business and works for themselves without an employer. Directors of small limited companies, although technically employed on a PAYE basis, will generally be classed as self employed when it comes to applying for a mortgage or remortgage. If you are self-employed, work on a contract basis, or have an income that is irregular or comes from multiple sources, it will generally be harder for you to get a mortgage than it is for someone who is an employee and can easily prove their income. With over three million self-employed individuals in the UK, the attitude of many mortgage lenders towards the self-employed population is a problem that can affect a large number of people, even though many self-employed people often earn more than a lot of salaried workers. The problem stems from the fact that the majority of mainstream mortgage lenders require proof of income when assessing a mortgage or remortgage application. Employed people can use their payslips and P60 as proof of salary, but there is no such straightforward equivalent if you are self-employed. In place of payslips, self-employed workers may be asked to provide audited accounts that show their income over the last three years. However, in many cases, these accounts will not give an accurate reflection of how much money a self-employed person is making. This is because if the accountant who prepared the accounts is doing his job properly, he will have offset as many allowable expenses as possible against tax. This has the effect of reducing the self-employed person net profit, upon which the lender will base the size of mortgage or remortgage they are prepared to offer. The situation is even worse for the newly self-employed, as they may not yet have been trading long enough to have had three years worth of accounts prepared. This is where mortgage lenders who specialise in self-certification mortgages and self-employed mortgages come into their own. These types of lenders appreciate the different and complex working patterns of the self-employed, contract workers, and people whose jobs are seasonal. They are prepared to look at each case individually and assess each mortgage application on its own merits, rather than just applying a series of one-size-fits-all income tests. In many cases, self-certification means that you do not need to supply any proof of income you just declare what your income is without having to provide any supporting documentation. In addition, specialist self-employed and self-certification lenders are more likely to offer flexible mortgage products that allow overpayments and underpayments. This can be helpful for people whose income can fluctuate throughout the year, as it means you can overpay when times are good and underpay if you®e business is going through a quiet period. If you think a self-employed mortgage or a self-certification mortgage may be the answer for you, please complete our no-obligation online quotation form. Suspended Repossession Orders Get a Mortgage Quote If you fall behind with your mortgage repayments, your mortgage company may be able to apply to the courts to obtain a suspended repossession order against your home. A suspended repossession order is effectively a final warning (a yellow card, if you like), and means that if you fall behind with your mortgage payments again, your home will almost certainly be repossessed. For more information, fill in our online enquiry form and we will put you in touch with a repossessions specialist for a free no-obligation discussion in strictest confidence. Mortgage Arrears Get a Mortgage Quote If you fall behind with your mortgage repayments and your mortgage ends up in arrears, there is a risk that the mortgage company may try to repossess your home. Even if you manage to clear the mortgage arrears, you'll still find it harder to get a new mortgage in the future as and when you move home or want to arrange a remortgage. People get into arrears with their mortgage for all sorts of reasons. More often than not, arrears are caused by unforeseen circumstances such as ill-health or redundancy which in turn lead to a loss of earnings. If you are behind with your mortgage repayments, whatever the reason, then contact us. There is a good chance that a mortgage adviser can arrange a new mortgage for you to clear your arrears and remove the risk of having your home repossessed. If you have had mortgage arrears in the past and are now looking for a new mortgage, you'll find that your choice of lenders is restricted as many mainstream banks and building societies are reluctant to lend to people who have previously fallen behind with their mortgage repayments. At Clean Slate Mortgages, the mortgage consultants we work with are experts in the field of finding mortgages for people with mortgage arrears and other credit problems. So if a history of mortgage arrears is stopping you getting a mortgage or remortgage, simply complete our online enquiry form and we will pass your details to a professional mortgage broker from our panel of specialists. Looking to remortgage Have you found a property to buy

Yes No Do you have credit problems or are you self-employed Yes No Postcode: (Required) USA residents please click here E-Mail: (Required) Mortgage amount required: - Please Select - £20, 000.00 £25, 000.00 £30, 000.00 £35, 000.00 £40, 000.00 £45, 000.00 £50, 000.00 £55, 000.00 £60, 000.00 £65, 000.00 £70, 000.00 £75, 000.00 £80, 000.00 £85, 000.00 £90, 000.00 £95, 000.00 £100, 000.00 £105, 000.00 £110, 000.00 £115, 000.00 £120, 000.00 £125, 000.00 £130, 000.00 £135, 000.00 £140, 000.00 £145, 000.00 £150, 000.00 £155, 000.00 £160, 000.00 £165, 000.00 £170, 000.00 £175, 000.00 £180, 000.00 £185, 000.00 £190, 000.00 £195, 000.00 £200, 000.00 £205, 000.00 £210, 000.00 £215, 000.00 £220, 000.00 £225, 000.00 £230, 000.00 £235, 000.00 £240, 000.00 £245, 000.00 £250, 000.00 £255, 000.00 £260, 000.00 £265, 000.00 £270, 000.00 £275, 000.00 £280, 000.00 £285, 000.00 £290, 000.00 £295, 000.00 £300, 000.00 £305, 000.00 £310, 000.00 £315, 000.00 £320, 000.00 £325, 000.00 £330, 000.00 £335, 000.00 £340, 000.00 £345, 000.00 £350, 000.00 £355, 000.00 £360, 000.00 £365, 000.00 £370, 000.00 £375, 000.00 £380, 000.00 £385, 000.00 £390, 000.00 £395, 000.00 £400, 000.00 £405, 000.00 £410, 000.00 £415, 000.00 £420, 000.00 £425, 000.00 £430, 000.00 £435, 000.00 £440, 000.00 £445, 000.00 £450, 000.00 £455, 000.00 £460, 000.00 £465, 000.00 £470, 000.00 £475, 000.00 £480, 000.00 £485, 000.00 £490, 000.00 £495, 000.00 £500, 000.00 £600, 000.00 £700, 000.00 £800, 000.00 £900, 000.00 £1, 000, 000.00 bad card credit

Value of property being purchased/remortgaged: How Did You Hear About Us: monebaggassemonebaggasse

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