Credit Defaults

Credit defaults are very often misunderstood – why did you get one, how did you get one, what are the imlications, and can you contest a credit default?Credit

I have a Credit Default on my Credit File

Top Causes of a Credit Default
Your credit file is one of your most valuable assets; which needs to be protected. An adverse credit rating by receiving a credit default can impact you applications for credit for 5-7 years. Most people don’t realise the impact of receiving a credit default until it’s too late. […]

Should i be Paying Out Bad Debts with other Loans?

Bad Credit Loans and Paying Bad Debts
While most brokers like to turn a blind eye to credit and debt problems, they do exist; there are alot of people who have to deal with them every day. Some people have bitten off more than they can chew; whereas others have been affected by the […]

Can i get a mortgage with bad credit?

How to Get a Mortgage when i have credit defaults?

Many people who have bad credit feel as though trying to get a mortgage would be impossible. The idea follows the norm of society; people who have bad credit simply do not get new loans, like mortgages. What people do not realise, however, is that […]

Credit Defaults and Credit Reports

They are a fact of Life. There will always be a form of record keeping to attempt to track the credit history of a prospective client. For all the misgivings and bugs in the current system, the credit tracking system will be there for the foreseeable future.

A typical Credit Report can contain a multitude […]

What is a Credit Default?

A Credit Default is a negative statement that is put on your Credit File to indicate you have broken an agreement you went into in regard to some form of Credit you have had. Credit defaults may show up for a number of reasons:

Broken Telephone Contract – People are often unaware that the contract […]

Should i Apply for a Part 9 (IX) Debt Agreement

What are the Criteria for Applying for a Part 9 (IX) Debt Agreement?

Below is a list of Criteria that was up to date as of 4th July, 2006. For more up to date information you should see the latest edition of the Bankruptcy Act.

You cannot Apply for a Part 9 Debt Agreement under the […]

What is a Part 9 Debt Agreement?

Part IX (Part 9) Debt Agreement is Part IX of the Bankruptcy Act. Part 9 of the Bankruptcy act provides a mechanism for eligible debtors to avoid Bankruptcy. Applying for a part 9 debt agreement should not be taken lightly, and you should alway consider the agreement to be part of the Bankruptcy Act […]

Non Conforming, Good or Bad Credit, Loan – Fully Verified/Variable or Fixed

This loan is designed for salaried or self employed people and is available for the purpose of financing personal, business, investment or debt consolidation needs. With this loan you can:

Borrow from $50,000 up to $2.5 million, for a period of 10 to 30 years
Obtain up to 90% Loan to Value Ratio with paying the […]

Bad Credit Trap

Even people with good credit ratings may fall into the bad credit trap, a personal emergency like an illness or simply being ignorant of the rules and regulations which determine their future financing options can cause them to neglect their finance obligations. Slowly but steadily turning their good credit rating into a bad credit […]

Bad Credit Refinance

When you have credit defaults or some other form of loan or credit impairement there are still available options to refinance. Bad Credit Refinance and the general refinancing processes are very similar, with only a few detailed but significant differences.

The Story – There is alot of weight put on what caused the issues and […]