CCJ & Default Mortgages
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What is an Adverse or Bad Credit – CCJ & Default Mortgage?
If a borrower has a history of poor credit and usage of then this is described as Adverse Credit. With poor credit history this can include County Court Judgements (CCJ), Bankruptcy, Mortgage arrears or late payments on any credit arrangements.
When a CCJ is placed against you, there is 30 days allowed for the amount in question to be paid back in full; which will mean this will not be recorded against your credit file or unless a claim is made and was successfully disputed. If you don't pay back your debt being the amount owed within 30 days, it's still possible to get a mortgage, but there will usually be a smaller range of lenders willing to accept your application and repayments will usually be higher than if you have good credit.
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