Whilst saving up for a deposit; we've begun checking our credit reports. I've been checking mine for years as it was VERY POOR (I know why; silly silly me) but now it's gone up to FAIR. I know it's a slow process and needs a lot of hard work so I didn't expect to be any better than that just yet. His is only FAIR, even though he ticks all the right boxes and doesn't have any late payments or many credit accounts. I don't have any lates left on my report.
I know this is only one scoring agency, but FAIR to me doesn't sound very positive in a time where mortgages are already hard to come by.
Is FAIR all that bad or has it been known to ever lead to a successful application?
Not that I really want to go down this road because of interest rates etc but are there really any non-scoring lenders out there?
I know this is only one scoring agency, but FAIR to me doesn't sound very positive in a time where mortgages are already hard to come by.
Is FAIR all that bad or has it been known to ever lead to a successful application?
Not that I really want to go down this road because of interest rates etc but are there really any non-scoring lenders out there?