How much can I borrow with a default?
Posted: Fri May 17, 2019 3:02 pm
Hi, I was very surprised when we were knocked back for a home loan. I’ve always paid my bills on time and in full or so I thought, that is until I found an unpaid $400 Vodafone bill listed as a default that had stayed on my file for more than a year. My credit score is sitting at a less than ideal score of 490. I didn’t dispute it at the time and immediately paid it off. They’ve refused to remove the default. Even though we had saved up for a house, we had to let go of a property that we were really interested in. How much can we borrow with a default? Another great property just came up and we were hoping if there were any options for us with bad credit? We’ve heard of bad credit loans.