User guide – adverse tool

User guide Adverse Tool

Quick and fast Adverse Credit Lender Finder, is the latest tool created for brokers by the Axessmax team. FREE tool specifically designed to help brokers instantly identify lenders for clients with severe adverse credit.   Tool will identify a lender’s non-prime, credit impaired and credit repair ranges. More lenders to be added soon.

This isn’t a tool for a minor missed phone bill (which many standard lenders will accept).  This is built for the hardest cases in your pipeline. 

Instantly identify lender and relevant product.  

  • Mortgage Arrears: Recent or historic missed payments.
  • Debt Orders: Active or satisfied CCJs and Defaults.
  • Debt Restructuring: Active or completed Debt Management Plans (DMPs).
  • Severe Financial Distress: Recent Payday Loans, Bankruptcy, and Repossessions.
  • Unsecured Credit: Arrears on personal loans, credit cards, and utility bills.
     

User instructions

  1. Important to input all data accurately.
  2. Monthly segmentation is as used by the lenders. Number of months calculation fields provided for convenience.
  3. Lenders differ in their assessment of adverse. For some it is the value, others use number of events and some use registered date only. Some also needs the adverse to be satisfied before application, while others don’t.
    IMPORTANT: for “satisfied” credit, ensure that the total monetary value of the satisfied credit is used. It needs to be equal or higher than the unsatisfied value.
    Example below shows 2 Unsecured defaults, one registered month 43 – 48, with value of £600 and another month 25 – 36 with value £100. Both satisfied month 10 – 12. Monetary value satisfied equals monetary value registered. If the monetary value for satisfied is less than 700 it will be treated as unsatisfied.
adverse credit search unsec def
adverse credit search unsec def

4. Scroll down to obtain results. (For scenario above)

adverse credit search uns def ls

5. Example : Unsatisfied CCJ of £700, registered months 31 – 36.

adverse credit ccj unsats data
adverse credit ccj unsats data

6. Lenders for above.

adverse credit ccj unsats 400px
adverse credit ccj unsats 400px

7. CCJ of £700, settled.

adverse credit ccj sats data
adverse credit ccj sats data

8. Lenders after CCJ is settled.

adverse credit ccj sats
adverse credit ccj sats

9. Lender mapping – shows a detailed breakdown of matches, allowing adviser to have further discussion with the lenders.

lender mapping
lender mapping

Scroll to Top