High risk loan / high risk personal loan
Late payments on credit cards, disputes over invoices and oversights
with household bills can sometimes lead to an impaired credit history.
When looking for a loan or mortgage in the UK, this can turn out
to be an obstacle. Any financial institution will run a credit check
when a customer applies for a loan, and the rates and types of loans
available will depend upon the outcome of this credit check. If
a person has a bad credit history, financial institutions take note
of this when considering lending a person money. If a person has
failed to make repayments in the past, it is assumed that there
is a greater risk of them failing to make repayments in the future.
Therefore, such an application is viewed as a 'high risk loan'
However, there are specialist lenders that understand that although
a person may have had credit problems in the past, they may be in
a position now where they can successfully meet the repayments on
a loan. We are a specialist loan broker and we search all these
lenders to find the best rate of loan for your individual circumstances.
There are two types of personal loans available: secured and unsecured.
A secured loan means that the loan is backed by a home, car or other
assets, which the lender will have recourse to, if the loan is not
re-paid. Unsecured personal loan means that the loan is not linked
to any underlying security or asset and in the event of a default
on the loan, the lender will have to go to the county court, to
try to recover the money.
We arrange loans from £500 upwards and these are usually
repayable over a period of between 6 months and 10 years.
Our rapid application process means we deal with your loan application
very quickly and can normally get back to you with a loan proposal
the SAME DAY. There is no charge for our services and all matters
are dealt with in confidence. Click the appropriate link below for
no obligation quote.
Click
here for secured loan
Click
here for unsecured loan
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