Category Archive for: "News About Loans For People With Bad Credit"

News About Loans For People With Bad Credit

Why You Should Keep Up With The Latest News
And Information About Loans And Finance In The UK

When applying for any kind of loan it is important to know the latest news and information about loans and finance in the UK as failing to do so could reduce your chances of being able to get the money you need. For example, if there was another economic collapse similar to that of 2008, it would be almost impossible to get a loan even if you had a very good credit rating. That's because banks and mainstream lenders will be low on confidence and less willing to lend out any money. Knowing this kind of information could be difference between you getting your money and not.

Our finance articles are written to give a summary of the most recent financial news concerning finance in the UK as well as helpful articles describing the different types of loans that are on offer for you to apply for at the Easy Loans Company. All the latest news and information is listed below for your convenience so just click on any article you would like to read.

The advice and opinions expressed in the following news articles are the author's own and do not reflect the advice or opinions of Easy Loans Company, or Nationwide Direct Financial Ltd.

Reasons to rectify your bad credit rating

Posted on June 5, 2015

A bad credit rating will only effect you when you are looking to secure finance, by way of mortgage approval, loan approval or a mobile phone contract. Your credit rating is compiled by information such as your age, where you live, previous and current debt repayments, any missed or late payments which give creditors an […]

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Are payday loans fast becoming a loan of the past?

Posted on May 29, 2015

Payday loan lenders have received a lot of criticism for their lending procedures, including being careless with regard to their lending criteria and lending money to almost anyone that applies. This has meant that many of these payday loan lenders have had to change their policies and criteria fast in order to remain in business […]

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Buying a used car? Look out for logbook loans

Posted on May 27, 2015

A recent survey by the HPI has found that 42% of used car buyers have no idea who legally owns a car that has finance owing on it by way of a logbook loan. This means that a buyer of a used car could unknowingly have a logbook loan outstanding on their new purchase which […]

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Been refused for a loan because of bad credit?

Posted on May 25, 2015

If you have recently applied for a loan and been declined, this is most likely because of a bad credit rating. Your bad credit rating could be due to a number of reasons including, not being on the electoral role, not having any borrowing history, or missed / late payments on previous borrowings. Credit reference […]

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Beware of fraudulent loan company scams

Posted on May 22, 2015

Recent press has shown an increase in the amount of people become victims of fraud when applying for loans. Cases have shown that victims have been lured in by supposed loan firms when searching for loans on the internet. Having believed that they have been successfully approved for a loan, the victims have then had […]

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Not registering to Vote could affect your ability to be a approved for a loan

Posted on May 1, 2015

A recent survey by uSwitch has shown that 25% of 18 – 24 year olds are completely unaware that not registering to vote can affect their ability to be approved for a loan, mobile contract or a mortgage. A quarter of the 2000 young people surveyed had no idea that not being on the electoral […]

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Do’s and Don’ts when applying for a loan

Posted on May 1, 2015

With Net lending to individuals in the UK reaching £89m, the amount of people applying for loans and being approved for loans is increasing. Deals vary from lender to lender in terms of interest rates and available amounts, therefore it’s imperative that you chose wisely to ensure you get the best loan deal. DO Identify […]

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Loans with a bad credit rating – is it possible?

Posted on May 1, 2015

In today’s financial market there are loan companies willing to accept loan applications from those with a less than perfect credit rating. A bad credit rating will limit the loan products available and borrowers are unlikely to receive the benefits of competitive interest rates than that of their good credit counterparts – meaning that overall […]

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Payday Loan lender Wonga report £37.3m loss

Posted on April 30, 2015

Controversial short term lender Wonga have reported a £37.3m loss for 2014. The payday loan company that have been under the watchful eye of the Financial Conduct Authority have been forced into rethinking their lending policies after an investigation identified that their approval procedures and their debt recovery methods where unfair to customers. In short […]

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Quick loans with no credit checks are unlikely to help your finances

Posted on March 27, 2015

Customers struggling with debts or a bad credit rating are advised to stay away from loan lenders promising quick loans with no credit checks. The amount of people searching Google for quick loans no credit checks has increased dramatically, the majority of these people searching have a bad credit rating. Due to this market here […]

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