One missed payment can result in a CCJ, but borrowers have mortgage options – Pepper

  • 18/08/2020
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Pepper Money sales director Paul Adams has highlighted that it is incredibly easy for unsuspecting consumers to end up with a credit fault against them.


However, he added that despite this borrowers looking to buy a property should not despair as they could still have options open to them.

Speaking on Specialist Lending Solutions Television in association with Pepper Money, Adams noted it could only take one minor incident to create a credit issue such as a County Court Judgment (CCJ).

“The understanding of how you can arrive at a CCJ – most people won’t know that you only need to miss one payment to get a CCJ, so there is a little bit of a lack of understanding,” he said.

“One thing that is loud though, and I think it’s important for the people sat on the sofa to realise is that a good 70 per cent of borrowers who had adverse credit feel that getting a mortgage would be almost impossible or at least very, very difficult.

“I think that’s what we need to do better as an industry to make sure that these customers are seeking advice because getting a mortgage is possible.”



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