Many people are often unable to get an unsecured loan due to their credit history. Unlike with the secured option, an unsecured loan carries far more of a risk to the lender and a decision is only made on the lenderÂ’s calculated risk assessment that the applicant will be able to repay the loan. The lender will usually do this by asking one or more of the credit reference agencies to run a check on the applicantÂ’s previous borrowing history to determine whether or not they pos…
Credit Cards For People With Bad Credit
When it comes to having bad credit ratings, or at least less than good credit ratings, it sure can make things a little tough financially to be able to do what you want. Many people today start getting into bad credit partly because of credit cards simply by taking full advantage of the “charge it” possibilities that a credit card gives you. A credit card – at least a certain kind, can actually help you to repair your credit – here’s how.
Bad Credit Mortgage Arrears Loan
Securing a mortgage when you have a bad credit history is not easy. It is estimated that some 25% of all mortgage applicants do not fit the profile of conventional mortgage loan companies, most of which tend to base their decision on whether to grant you a mortgage or not on what they see in your credit file. If you’ve ever defaulted on loans payments, have CCJs against your name or if you’ve filed for bankruptcy then it will show in your credit file, and go a long way toward…