Today's tip - payday loans

This year we have seen a number of adverse credit mortgage applicants who have been taking payday loans in the mistaken impression that they will improve their credit rating. :o

Please note that payday loans (which show up on your credit file) ring alarm bells for mortgage lenders, even adverse credit specialists.

To a lender they are an indicatation that you are not in control of your monthly budgeting.

Avoid them at all costs.