Is bad credit a total barrier to a home loan?
Written on the 15 March 2019 by Astra Financial
Your finances can get a bit out of control sometimes, for all sorts of reasons. Illness, divorce, redundancy sometimes, just getting overwhelmed with things to do and accidentally missing a bill payment. The end result can be that you get put in the bad credit basket. Even if you sort it out and pay the overdue bills or fix up a default on a loan repayment, you can still have a black mark against your name afterwards. So while you may see yourself in the clear after clearing debt, others might not. Understandably, if you're in that situation it can feel pretty overwhelming. So let's tackle the 'bad credit' issue and help figure out where you stand.