Pay day loans spell difficulty for home loan applications

Pay day loans spell difficulty for home loan applications

Agents are increasingly clients that are seeing a history of utilizing payday advances being refused for mortgages, even if the loans had been applied for years ago and tend to be now fully paid down.

John Charcol claims the problem is growing and there’s a need when it comes to payday financing industry to raised inform borrowers in regards to the possible effect taking right out a quick payday loan might have on future home loan applications. Continue reading “Pay day loans spell difficulty for home loan applications”