Bad credit is also referred to as sub prime, non conforming, bad credit mortgages, or CCj mortgage.
If you have bad credit, or a bad credit rating it will probably be because of previous or present problems with credit accounts, for example you may have missed payment on mortgages, credit cards, and loans.
If the problem has escalated you may also have county court judgments or defaults. Both of these are difficult to remove from your credit file and will impair your ability to obtain a mortgage.
To find out if you have bad credit,it is useful to obtain a copy of your credit file. You can Obtain a copy of your credit report from Obligo. An Obligo MortgageExpert can assist you with this, and can help interpret the information for you.
With bad credit it is still possible to obtain a mortgage so it shouldn't stop you applying, but you should consult a mortgage expert for advice and assistance.
