41% of adults with adverse credit who plan to buy a house in the next 12 months expect to cut back on recreational activities to improve their credit rating before or during the application process, according to research from Pepper Money. The survey questioned 600 people who have experienced credit problems, including missed payments, CCJs, defaults and arrears in the last three years. A third of adults who have experienced adverse credit in the last 3 years say they will pay off their credit cards to improve the credit rating before applying for a mortgage. 32% say they will ensure all bills are paid on time and 27% say they will reduce their mobile phone contract. More than 1 in 10 people in this situation say they would consider entering a debt management plan. The sales director at Pepper Money, said: “It’s clear that many people who have experienced credit problems in the last 3 years have concerns about applying for a mortgage and are willing to make a number of sacrifices in order to buy a home. Cutting down on spending may have little impact on their credit score, however, and customers in these circumstances might be better off speaking to a broker about their options in the specialist mortgage market.” For Mortgage Advice in Peterborough, pop into The Mortgage Bureau at Stuart House, East Wing, St Johns Road, PE1 5DD or call 01733 358488. Your One Stop Mortgage Shop! https://local.google.com/place?id=4291748577655334900&use=posts&lpsid=2564391658562363764