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My tenant cant pay rent for next 3 months, i cant pay my mortgage, will i get a bad credit score now?

LANDLORD FORUMCategory: Rent ArrearsMy tenant cant pay rent for next 3 months, i cant pay my mortgage, will i get a bad credit score now?
Jacky asked 5 months ago

My tenant can’t pay rent for next 3 months, i can’t pay my mortgage, will i get a bad credit score now?

1 Answers
Francis answered 5 months ago

You will get a negative against your credit score if you default on your mortgage. However, if you request a mortgage holiday then, the credit agencies will not register this against your name.

If you cannot pay the mortgage then contact the lender ASAP, the mortgage holiday will avoid you getting a bad credit score.

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