Loans For People With Bad Credit

Posted in News About Loans For People With Bad Credit

It is very important when getting a loan that you go to the correct type of lender. People who have different credit ratings may go to different lenders. For example if you had a good credit score you would be best to go to a bank or high street lender. This is not the best option for someone with bad credit history or none at all as you could be declined and this will then later be put against you getting a loan. Alot of people are now struggling to get loans due to bad credit, this could be from missing repayments. This means people are now struggling to get out of this bad credit as the only way they can get out is to get credit and pay it back.

At Easy Loans Company we can see that people are in a situation like this and may still need to take out a loan, this is why we help people with bad credit to find loans. We have a list of lenders that offer competitive rates, and we will only approve a loan that we think you are able to pay back. Being accepted for a loan can improve you credit rating, which can then help for future lending as you would get better rates. We have an application form that you can fill in online and we can give you an immediate decision for a loan with a no obligation quote.

 

Have you been told about you bad credit?

You could find it very difficult to get the finance that you need, this could be not being able to get an overdraft to not being able to get an assistance with your finances. It can be very discouraging being declined and it can also affect your credit rating making it even worse. By applying for a consolidation loan it will build up your credit score and stop the continuous declines.

Here are the different types of loan that you may be able to get with bad credit:

High interest unsecured finance– If you have a bad credit score this may be one of the only things that you can apply for and get accepted for. By getting this and keeping up with repayments it can improve your credit rating. The only bad thing with a loan like this is you may have to pay more in repayments, which will cost more to have the loan altogether.

Secured finance– This is only open to someone who is able to put something down in case of missing repayments, this could be a house of another valuable asset. There are some advantages to this type of loan, its low interest allows affordable repayments. This could be a bad loan if you are not sure if you can keep up with repayments as if they are not made it could mean losing your house or something valuable to you.

If you are unsure about your credit score there are ways you can find out what it is. You can do this by signing up to experian which will give you access to your money report.

If you’re worried about getting rejected, don’t be. We will never reject you, we can only help you by offering you advice just for you depending on your circumstances. By filling in the form it will only help you if you are in financial need.

Article By Chelsie Lightwood

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