Is There Life After Default?
I am sure you all know the impact that a negative listing on a credit report can have on a borrower when applying for finance.
With the tightening of credit policies, even the smallest credit issue can be the difference between an approval and decline.
What you may be surprised to learn is that a large number of defaults and judgments are listed incorrectly. By this I mean the required steps were not followed or the details of the default are not correct. The difficulty for the mortgage professional and client alike is, in the current market, most lenders’ automated application systems do not account for this fact and are most likely going to decline the application regardless.
Read more of this article by John Dickinson – Download the article here.
Regards
The Team at We Fix Credit
