Ben Link, 30, ended up being refused for a home loan in 2017 because of their blemished credit rating after a couple of defaults on payday and private loans
- Holly Thomas
- 10 Apr 2018, 14:00
- Updated: 10 Apr 2019, 14:35
A YOUNG couple handled to obtain from the housing ladder despite accumulating ?8,500 worth of financial obligation from personal payday loan near me and payday advances.
Ben Link ended up being refused for a home loan in 2017 after he and their fiancee chose to purchase the house they certainly were leasing, as a result of a tattered credit rating.
Ben and Kathrynn Topps, 25, a training associate, was in fact renting the 2 sleep terrace in their hometown of Cheltenham for 5 years.
The landlord, a youth buddy of Ben’s, wished to offer up and provided the couple very first dibs on making an offer in the home.
Their offer of ?158,000 had been accepted.
However in the relative straight back of their head, Ben, a task supervisor for an aviation business, knew he may have dilemmas getting home financing.
Ben, 30, has a blemished credit rating after a number of defaults on pay day loans and private loans in addition to two county court judgments (CCJs).
Ben claims: “I racked up a lot of debts during college and foolishly proceeded to reside beyond my method for about four years after.
“we wound up owing around ?8,500 in signature loans and payday advances.