How much can I borrow with a bad credit score? Discuss affordability and income multiples
With bad credit, how much you can borrow in the UK is driven less by a fixed “income multiple” and more by a lender’s affordability assessment. You may generally borrow up to 3-4 times your annual income. With a good credit score, you may borrow 4.5 times your income. If your income, regular outgoings, existing…