recently my bank refused me mortgage due to low credit score.?

but i paid all bills promptly,never had single late payment.now how can i get my credit score repaired? or how it become poor. i had a joined account with my partner and partner made few payment problems. now am legaly divorced. is my partners payment problems affect me or not?how can i buy a house?.please advice me.we closed our joined account also.but my partner still owe money to banks.i paid half of my partners debt(ie. eg. partner took £3000 loan but i paid £1500 , because it was a joined account.the loan was taken without my knowledge)

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Sun, Jan 17, 2010

Fix My Credit, Improve Credit Score

Banks, Credit Score, Money

Tags: Banks, Credit Score, Money

2 Responses to “recently my bank refused me mortgage due to low credit score.?”

Dan Says:
January 17th, 2010 at 8:49 am

First understand the difference between a Bank and a Mortgage Broker. Banks are limited in the loan programs they can offer and if you don’t fit into the "box" they will indeed deny you. A Mortgage Broker has hundreds of lenders (some of them banks) but more importantly the majority of their lenders are aggressive and have hundreds of loan programs that will accept your credit score. I’m sure your past brought your score down to some degree but all is not lost. I highly recommend consulting a Mortgage Broker and see what they can do for you. When selecting a Mortgage Broker choose someone who has lenders nationwide as they will fight for your business. Make sure you understand everything and don’t be afraid of asking questions. A good Mortgage Consultant can answer your questions and give you piece of mind and foresee any potential problems that may arise during the process. I hope this helps you but if you need any help email me tadgeman@yahoo.com.

melbel Says:
January 17th, 2010 at 8:49 am

By law everyone is entitled to a Homestead Loan. It’s possible that your partners bad payment history is affecting your credit score. You should get a printout of your credit and dispute it with the official paperwork. Good Luck.

Dan Says:
January 17th, 2010 at 8:49 am
First understand the difference between a Bank and a Mortgage Broker. Banks are limited in the loan programs they can offer and if you don’t fit into the "box" they will indeed deny you. A Mortgage Broker has hundreds of lenders (some of them banks) but more importantly the majority of their lenders are aggressive and have hundreds of loan programs that will accept your credit score. I’m sure your past brought your score down to some degree but all is not lost. I highly recommend consulting a Mortgage Broker and see what they can do for you. When selecting a Mortgage Broker choose someone who has lenders nationwide as they will fight for your business. Make sure you understand everything and don’t be afraid of asking questions. A good Mortgage Consultant can answer your questions and give you piece of mind and foresee any potential problems that may arise during the process. I hope this helps you but if you need any help email me tadgeman@yahoo.com.
melbel Says:
January 17th, 2010 at 8:49 am
By law everyone is entitled to a Homestead Loan. It’s possible that your partners bad payment history is affecting your credit score. You should get a printout of your credit and dispute it with the official paperwork. Good Luck.