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Mortgage with CCJs - Post Credit Crunch PowerPoint PPT Presentation

Mortgage with CCJs, debt consolidation loan, debt consolidation, credit cards, debt consolidation calculators, secured loans

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Mortgage with CCJs - Post Credit Crunch

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Mortgages and remortgages with CCJs after the credit crunch might seem like and an impossible task with debt problems.

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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Mortgages and remortgages with CCJs after the credit crunch might seem like and an impossible task with debt problems. However, if you need to get a mortgage with CCJs, a loan provider if they are to be believed still will not be that difficult. Getting into bad debt trap (before, during or after the credit crunch) or finding yourself in the County Court will always be common. Mortgage and remortgage service providers will still need to lend money even after the credit crunch, and many banks will again publicise their specialization in this are and deal with mortgage issues for those with credit problems and for those, who have been blacklisted.

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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About the County Court Judgment (CCJ)

County Court Judgments (CCJs) is an important affair, with equally weighty recognition from all concerned. An entry to CCJ record register implies more than a one-off default rather it elucidates on a repeated inability to clear outstanding bills. In the UK, County Court Judgments are legal decisions, that can be referred to by the credit agencies for publishing their credit reports. A default and thus an entry to the CCJ register, is maintained in records for 6 years thus seriously impeding the credit terms, during the stated duration.

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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Mortgages with CCJs (post Credit Crunch)

It will be quite difficult to arrange a mortgage or remortgage with CCJs. Lenders would obviously consider the credit records, which without failure would highlight the County Court Judgment. All lending institutions would be wary of such debtors. Despite all this holding substantial ground, is it possible to think of mortgage and remortgage with CCJs after the credit crunch?

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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Well, there are two situations where mortgage and remortgage with CCJs might just work.

The first entails undertaking substantial steps to remove the CCJs. This can happen by identifying a valid reason for record modification. The law provides for various valid reasons which can be quoted to clean the devastated credit file. The same includes explanations like miscommunication, reporting errors, fraud etc. The list is quite broad and has scope for those willing to explore options.

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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The other solution is a form of relief from the lender for the mortgage / remortgage with special CCJ remortgage products. These special remortgage products can be based upon the rational of identifying a secured debt consolidation loan for example, with a substantial deposit around 20% of the amount borrowed as against the earlier unsecured, expensive credit terms.

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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Difficult as it might sound, mortgage and remortgage with CCJs could again be an option, and should again be provided by many banks providing a deposit is available. The idea is to gain as much knowledge and quotes from reputed banks and select one from among the various available options.

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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Mike Kelley

http://www.1st-debtconsolidation.co.uk

Mortgage with CCJs

Mike Kelley - http://www.1st-debtconsolidation.co.uk


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