Bad credit loan / Adverse credit loan / CCJ loan
Many borrowers in the UK suffer from bad credit and in many cases
it may not be the borrower's fault. Bad credit could be the result
of a redundancy, divorce or business bankruptcy. Anything from late
mortgage payments, country court judgements (CCJ) or missed book
club payments can adversely affect a borrower's credit record. People
who are self-employed, with no previous adverse credit, can also
find themselves being turned-down for a loan because they have an
irregular income. In fact, recent statistics show that one in five
people would be turned-down by a normal, high-street lender.
However, there is no need to despair. Nowadays, there are specialist
lenders that focus solely on providing finance for borrowers with
a less than perfect credit history.
There are basically two types of personal loans available: secured
and unsecured. A secured loans means that the loan is backed by
a home, car or other assets, which the lender will have recourse
to, if the loan is not re-paid. Unsecured loan means that the loan
is not linked to any underlying security or asset and in the event
of a default on the loan, the lender will have to go to the county
court to try to recover the money.
We specialise in obtaining loans for people with bad credit. We
search all the lenders to find you the best rate available. Our
services are free to the customer and all matters are strictly confidential.
Our rapid application process means we aim to get a loan proposal
to you the same day.
So, for a fast, online bad credit loan, click the appropriate link
below.
Click
here for secured loan
eComparison Bad Credit Loans
Click
here for unsecured loan
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