Answer: -Even if you are in credit reference agencies, that's not FOR LIFE! In 5 years everything will be cleared!My advice to you is to request your credit file and if you don't agree with something, you should go to a civil court to solve the problem and clean your name.And getting mortgage it's not a problem,because you have to pay a deposit and if you cannot afford to pay for the mortgage any longer,your house will be repossessed and basically the company of the mortgage does not loose anything. So...?Why they have to refuse you a mortgage? -You have to start building a good credit rating, do it with small things like a store card but make sure you pay in time to avoid interest rates.When I applied for a mortgage they didnt look at my credit rating just my wages and outgoings. -Try a mortgage broker one of them will get you a mortgage. it will be easier if your outstanding debts have now been cleared. the interest rate will be higher and you will have to pay a minimum 10% deposit. -You are right to worry about it, and do something now rather than later. Talk to an independant financial advisor, it will be well worth their small fee. Have you saved a considerable deposit for a mortgage yet? That is the real test of whether or not you can pay one. It can be ridiculously hard these days. As for your credit rating, you can repair this by such things as joining a monthly CD or DVD club, and paying promptly, in full each month. Get a credit card, and perhaps only use it for petrol, and repay in full each month. Let it be seen that you CAN handle credit, and your rating will improve. If you have outstanding balances, see if you can get a 0% introductory offer, and transfer the balance to it. A financial advisor will sit you down, and go through a host of companies on a lap-top, to find you the best deal, just like a car insurance broker. Ask for the an idea of the fee, or see if the initial approach is free of charge.