Borrowers having bad credit history were earlier considered to be untouchables in the loan market. Their credit report is blemished with records of arrears, defaults, late payments, CCJs and IVAs. But with increased competition, a whole group of lenders have emerged providing loans to these people in the form of Poor Credit Loans. As the borrower is already tagged as a bad credit, lenders will first of all make sure that he has the ability to pay...more
One's bad credit may slash his/her chances of availing a loan facility. You generally come with this situation for your previous financial mistakes. This condition may bring you under a sub-prime status in the financial market and may also hamper your further financial approval. But, your requirements are not finished only with the bad credit situation you have. You still can feel an external financial help. Bad credit loans are basically devised...more
You may require support sometimes, if not always before your next salary arrives. Since the salaries of employed people are fixed, any sudden of extra money can disrupt the budget planning of these people. In such times, the borrowers can take assistance from payday loans so that they are well-equipped till their next salary day arrives.The borrowers get money for their needs which may be personal like urgent car or home repairs, credit card repayments, electricity bills, grocery dues, gas bills, etc. these needs may include other needs as well which cannot wait till the next salary day of the borrower. So he has to depend upon these loans to get the money easily. Through these loans, the borrowers get approval for the money only if they are regularly employed since the last 6months, have a regular place of residence since the last 3 months, are adult citizens of the UK and also have a current bank account which is at least 6months old. The borrowers get money transferred in their account in less than 24 hours of application. An amount can be borrowed in the range of £100-£1500 for the borrower to fulfill his needs. This amount approved depends upon the monthly inflow of cash...more
People who suffer from a bad credit history may be very careful about their expenses and finances, but whatever is destined has to happen. A need of money may arise for the borrower even if he takes the utmost care. The borrowers in such a situation can take up bad credit personal loans for fulfilling their needs. The borrowers can get money for...more
You never know when urgent expenses crops up and then you go around for a delayed help. If you are a salaried person, payday loans are suitable options for you. However, do not just rush to apply for these loans blindly. There are many instances of the people falling into debt trap due to the unwise manner of taking out these loans.The main...more
Despite the fact that growing competition in the loan business has made loan availing a lot easier, still you have to come true on certain terms-conditions and make some extra efforts to get loans for bad credit. First, you must possess a good financial capacity to repay the loan installments in timely manner. Since these loans take into account your bad credit history of late payments, payment defaults, arrears or CCJs, such payment faults do not matter much. What matters is your current income. To cut the risks, the loan amount will depend on your repayment ability. Take out your credit report for ensuring that it has recorded your all past payments, as the lenders will go through the report. Know your FICO score as well. Apply for the loan with improved score, so that you win the lenders' confidence.Bad credit history people can access these loans in secured or unsecured options, depending on their requirements. For greater loans, the secured loans come against your home or any valued asset. You can borrow up to £75000. Interest rate will be lower. The loan ranges up to 25 years. Avoid the larger duration as interest payments go higher in the end. These loans come in their...more
Borrowers who are having serious credit problems are not offered any loans. it is because lenders do not want to undertake any risk factor by offering finances to these borrowers. In that case borrower should look for lenders who are willing to offer...more
Why is it, only those borrows with a history of bad credit such as county court judgments, IVA, arrears, defaults, non repayment etc cannot apply for loans. Without any external financial help, these borrowers lack the required finances to meet some...more
There are several ways you can find yourself with what is known as bad credit. You can be late with your payments on a loan, get into arrears with your secured loan, may have missed payments on your credit cards, have a CCJ registered against you,...more
Bad times often occur for people when they are least prepared. They hit them the worst at that time. Bad credit is one such nightmare for the borrowers when they are in need of money for their requirements. For such situations, there are bad credit...more
It may be troublesome for borrowers who have a low credit score to get money for their needs through loans. A low credit score works against the credibility of the borrower but with the advent of poor credit loans, the borrowers can get money for...more
A current account mortgage is a type of flexible mortgage product that combines several financial products into one single account. As with any other mortgage product, a current account mortgage will be secured against the borrower's home. This type...more