Loans for bad credit rating and the self employed
People who have a poor credit rating or low credit score due to CCJs, mortgage arrears, defaults, bankruptcy or other bad debts often find it difficult getting a loan. The self employed often experience similar problems.
Fortunately there is a selection of lenders who provide secured and unsecured loans for tenants and homeowners with bad credit history. Whatever your circumstances, even if youíve been refused elsewhere, there are lenders who could say YES! and help you raise the cash you need. A number of specialist lenders in the UK are offering bad credit loans to people with previous financial problems or people unable to prove their income.
As a homeowner you could borrow anything from £1,000 - £100,000 for any reasonable purpose with 3 - 25 years to repay.
It's important not to miss out on the top deals. Simply use the form above to search for loan lenders including banks, building societies and other specialist financial institutions.
You can pick up black marks against your name for a host of reasons and itís estimated that as many as one in four of us, or five million households in the UK, have done. The most common reasons for picking up points on your credit rating are failing to pay utility, council tax, credit or store card bills on time.
If you suspect you have a bad credit rating you are probably not a habitual overspender but someone who has been a victim of circumstances beyond your control. Quite often the reasons for financial problems are redundancy and relationships breaking down.
In situations like this, normal lenders might not be able to help, but the chances are a non standard lender can.
Simply use the search form above to get an indication of the deals available.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
With a secured personal loan you can borrow money for any purpose. You could use a secured loan to consolidate all your existing debts and switch to a single monthly payment. Or maybe you want to make the home improvements youíve been dreaming of such as fitting a new kitchen or bathroom? You could even buy yourself that new car or holiday!
Even if you're a council or private tenant, or live with your parents, there are companies who could help you get the loan you need. Unsecured tenant loans are available to people with CCJs, rent arrears, previous bankruptcy or other bad debts.
Sometimes your inability to prove your income, such as being self employed, can be enough for some lenders to decline your loan application. Fortunately there are an increasing number of specialist lenders who recognize that self employed individuals make good borrowers.
Have bad credit rating but need credit card?, visit creditcards4badcredit.co.uk for details of providers who are sympathetic to individuals with tainted credit history.