credit rating

bad credit rating home loans

 

 

Bad Credit Rating Home Loans
Counseling Credit Rating Services
Credit Card Rating Guide
Credit Rating History

 

Credit Rating
Moodys Credit Rating
Bad Credit Loan Rating Uk
Bad Credit Rating Mortgage
Bad Credit Mortgage Rating
Mortgages Bad Credit Rating
Bad Credit Rating Fast Cash Loans
Compare Unsecured Loans Uk Bad Credit Rating
Student Loan Bad Credit Rating
Corporate Credit Rating
Free Credit Rating Score
Check Credit Rating
Personal Loan Poor Credit Rating
Bad Credit Loans People Rating Unsecured
Credit Free Rating Report
Credit Ratings Templates Samples
My Credit Rating
Bad Credit Rating Home Loans

credit ratings

Google

All About Bad Credit Secured Loans
By  Search EzineArticles.com 

Bad credit secured loans are a relatively recent addition to most brokersí portfolios. Just a few years ago a less-than-perfect credit history usually meant the end of the financial road. However, today there are a variety of products to choose from; some of which are surprisingly attractive.

What is bad credit and how does it affect me?

Even if you are unaware of it; the chances are that your credit history is already logged with a Credit Reference Agency. Many factors go into calculating your credit score, including: how much you borrow, how you spread your debts (credit cards, hire purchase, mail order etc) and how regularly you meet repayments.

Banks and other lending institutions use your credit score to calculate how much of a borrowing risk you will be. The lower the credit rating, the greater the risk you are considered to be. Lenders typically offset risk by charging higher interest rates.

You've probably seen companies offering to repair your credit profile. In reality thereís little that they can do that you canít. And youíll have to pay. Instead visit www.experian.co.uk or telephone 0870 241 6212 and you can order a copy of your credit history for just £2.00. Check that all details are correct and fully up-to-date.

Can I get a secured loan with bad credit?

You've received your credit report, and the news is bad. Your credit rating is scraping the floor. The good news is that it is still possible to obtain a secured loan. A number of financial institutions have loans specifically tailored to people with a history of adverse credit.

Loan terms vary from lender to lender and the best advice is to shop around. Anyone with serious credit problems, including

 

default notices and CCJs, will be looking at higher interest rates, but this is often balanced out against the amount of equity available in the property.

How do I find the best deals?

Just because you have a bad credit profile; doesnít mean that youíll be punished with sky-high rates. The secret to finding the right loan is to do as much homework as possible. A good broker will know which of their lenders are happy to overlook various black-marks on your credit history. For example: one lender may disregard CCJs which are more than three years old, while another will ignore credit defaults all together.

Should I take out a bad credit secured loan?

Before taking any major financial step, you should always think carefully about how this will affect your future. One of the best reasons for taking out a bad credit secured loan is to repair your credit rating and get back on track. If you are already paying high rates on a variety of credit cards and other loans, a secured loan may be the lifeline you need; helping you to get out of debt for good. When you're making your decision, sit down and calculate exactly how much interest you are already paying on your current debts. Then look for loans which offer lower rates of interest. The right secured loan will get rid of the debts that are damaging your credit rating, as well as saving you money in the long run.

Google

All content published on this web site is provided for informational and educational purposes only. Always seek professional advice before making any decisions.

We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.

This page was updated on Nov 2009 and is Copyright © 2003 by Global Com Consulting Inc.

web page hit counter