Bad Credit Ratings

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Many people for whatever reason will be a victim of a poor credit rating but don’t despair, it is not the end of the world.

The only downside is mortgage interest rates could be substantially higher because of the risk a company may be taking, whilst you will ensure all payments are made on time, companies cannot take your word alone. It is important to think to yourself, is buying a house vital at the moment? If not then it may be an idea to wait until your bad credit repairs itself, again this is a major cause for high interest rates and waiting a couple more years will most certainly cut it drastically.

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Related York Real Estate Articles

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• Introduction to York Property
• Choosing the right area
• Setting a budget
• Mortgages
• Bad Credit Ratings
• When to purchase
• York Property Prices
• Estate Agents
• Conclusion on York property