Ben Link, 30, ended up being refused for home financing in 2017 as a result of their blemished credit score following a bunch of defaults on payday and individual loans
- Holly Thomas
- 10 Apr 2018, 14:00
- Updated: 10 Apr 2019, 14:35
A couple that is YOUNG to have regarding the housing ladder despite accumulating ?8,500 worth of financial obligation from individual and payday advances.
Ben Link had been refused for a home loan in 2017 they were renting, thanks to a tattered credit history after he and his fiancee decided to buy the home.
Ben and Kathrynn Topps, 25, a training assistant, was in fact leasing the 2 sleep terrace inside their hometown of Cheltenham for 5 years.
The landlord, a youth buddy of Ben’s, wished to offer up and provided the few very first dibs on making an offer in the home.
Their offer of ?158,000 had been accepted.
However in the straight straight straight back of their head, Ben, a task supervisor for the aviation business, knew he could have issues getting a home loan.
Ben, 30, features a blemished credit rating after a lot of defaults on pay day loans and private loans along with two county court judgments (CCJs).
Ben states: “I racked up a lot of debts during university and foolishly proceeded to reside beyond my opportinity for about four years after.
“we wound up owing around ?8,500 in unsecured loans and pay day loans. ”
Ben had been lucky to help you to cover these loans down with inheritance kept by their grandmother whom passed away this past year. Read More