I am on a variable income each month and I will be really struggling to make my mortgage repayments for the next two months.
I have never been in arrears before.
If i come off direct debit payments and go into arrears for a month or two until things pick up in October will that affect my credit rating?
I've heard that you have to be in arrears for 3 months in a row for it to affect your rating but not sure if thats true or not.
I have never been in arrears before.
If i come off direct debit payments and go into arrears for a month or two until things pick up in October will that affect my credit rating?
I've heard that you have to be in arrears for 3 months in a row for it to affect your rating but not sure if thats true or not.