How payday loans could cost you a mortgage

Aaron Strutt Image
GE Money has confirmed that they are likely to decline applications if you a payday lender. Aaron Strutt, of Trinity Financial, a mortgage broker, told Times only: “Many borrowers will think that taking a short-term loan will get them out of difficulties for a while, but if they are in the process of applying for a mortgage, there is a fair chance the bank will not like it very much." If you subscribe Times online - click here to view the full story:  http://tinyurl.com/6ujoncf July 13, 2012
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