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Negative Equity

This means the value of your property is lower than the amount you owe on your mortgage or loans secured on it. This will be a problem if you want to move or maybe considering either a Remortgage or a Secured Loan.

Non-Status

This is another term used to describe Credit Problems due to an adverse credit history. CCJ's, Mortgage Arrears, Loan Arrears, missed payments and other credit debt repayment problems lead to being classed as Non Status rather than Status. When used to describe: Non Status Mortgages or Non Status Loans they mean Mortgages or Loans for people with Credit Problems or a Poor Credit History.