What problems might one face trying to get a mortgage with bad credit?

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1109502

2026-03-02 21:25

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If someone has got a bad credit record then they will have difficulty getting a mortgage. This is because the lender would want to be sure the money will come back to him and a bad credit record suggests it might not. Therefore not many lenders will lend and if they do the rates of interest will be higher.

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