|
Bad credit secured loans are available to homeowners that have a bad history which applies to almost 20% of the UK population who find it difficult to obtain secured loans because of CCJ's, defaults, mortgage arrears, adverse record, or because of bad financial difficulties in the past.
Homeowners that have a bad history are more likely to be successful with a bad credit secured loans application than an unsecured application, because the equity in the property is guaranteeing the loans and is deemed an acceptable secured risk as far as the lender is concerned. Secured loans through secured fast loan may be the perfect solution. Even if you have CCJs, poor history, defaults or mortgage arrears, we may be able to help you obtain bad history secured loans.
You may have to pay a slightly higher interest rate compared to people with a good credit rating but a bad credit secured loan is a good way to get the money you need along with easy repayments, whilst giving you an opportunity to imrove your credit rating. In addition, by using a secured consolidation loan to clear your bad debts with a lower rate, you can reduce your monthly repayments, making it easier for you to pay all your bills. As you continue making payments to your bad history secured loan you prove that you can manage your finances and improve your credit rating.
The maximum amount that you can borrow with a bad credit loan will still be less than the value of your property after all, the lenders who offer loans for homeowners with bad credit want to make sure that they'll recover their money if you fail to repay. Let us shop around for a homeowner loan for you. If you have bad credit, or have been turned down for secured loans elsewhere, why not complete our short bad history application form, or leave a message for us to call you back. Remember, if you apply for a loan with secured fast loan, we won't carry out a credit search until we've discussed your needs with you - so we won't harm your credit rating further.
If you've already decided you want a loan, take a look at our loan repayment calculator to see how much you could save, then apply HERE for a no obligation quote. |
