Cash advance ‘risk to mortgage applications’

Cash advance ‘risk to mortgage applications’

Taking right out a quick payday loan could endanger individuals odds of getting a home loan if they have problems repaying the money, the BBC has discovered.

Almost two-thirds of brokers contacted by trade book home loan technique for Newsnight had a customer rejected for home financing after having a loan that is payday.

Accurate documentation of that loan shall stick to a credit score for pretty much six ages. Read more…