Whilst it is clear that the ongoing recession is affecting most people in one way or another, particularly in terms of their financial situations and job security, a recent report has said that people that have damaged credit histories and low credit ratings are amongst the groups that will be hardest hit by the recession. (more…)
Posts Tagged ‘bad credit loans’
Consumers with low credit are suffering through the recession
Wednesday, June 10th, 2009
Are those with bad credit being targeted by high interest lenders?
Tuesday, December 30th, 2008Over the past decade having damaged credit did create problems for those that were looking to take out finance. However, in the days of easy credit even those with damaged credit were able to get finance at a relatively affordable rate. However, these days are now gone and now those with bad credit will find it very difficult or even impossible to get the finance that they need. This situation, coupled with the various living cost hikes that households have had to cope with, has made things very difficult for those that do not have good credit. (more…)
How hard will it be to get an adverse credit loan?
Tuesday, May 27th, 2008In the past getting an adverse credit loan could be difficult, and many people with damaged credit found it difficult to get some forms of finance. However, although many lenders would not consider lending to those with damaged credit in the past, and many others charged extortionate rates of interest on loans for those with damaged credit, it was usually possible to get some form of finance even with an adverse credit rating. Getting finance in the UK over recent years has been a pretty relaxed process, and the ease of getting credit has probably been a major contributory factor in the growth of the nation’s huge personal debt mountain. (more…)
Loans For Bad Credit Applicants
Sunday, March 2nd, 2008With the high level of consumer debt in the UK, and the rising costs experienced by most households, it is little wonder that an increasing number of us are finding that our credit history and rating has been affected. Having bad credit is nothing unusual these days, but it is, of course, important to try and avoid bad credit, as it can have a profound impact on your financial future. If you have bad credit you could find it increasingly difficult to get finance in the future. However, that said, there are now a number of lenders that are able to specialise in offering finance to those with bad credit. (more…)
Personal Loan Options for People with Bad Credit
Wednesday, March 14th, 2007It’s a fact: thousands and thousands of people have credit problems. It’s also a fact that those with bad credit sometimes need a personal loan just like everyone else. Personal loans designed for those whose credit reports are less than stellar are on the upswing, and nowadays it’s easier than ever to get access to what you need. No matter what your credit score. (more…)
Bad Credit Loans – The Risks Involved
Sunday, March 4th, 2007Borrowing money is always associated with a number of common risks. These generally stem from people over borrowing, that is, borrowing more than they will be able to pay back later. (more…)
Loans for Those with Poor Credit
Sunday, March 4th, 2007Is it possible to obtain a loan if you have a poor credit score or even if you’ve declared bankruptcy? The answer is yes. However, not surprisingly, the loans available will have higher interest rates and restrictions that are more stringent. (more…)
Factors that make you a Bad Credit Loan Applicant
Sunday, March 4th, 2007We all like to think of ourselves as fairly responsible and trustworthy people, especially when it comes to financial commitments. But the fact of the matter is that some people are more reliable and responsible than others and banks and other lenders know this. (more…)
Finance With A Poor Credit History
Sunday, March 4th, 2007Money Makes the World Go Round
If you have a poor credit rating the financial services industry has a message of mixed blessings for you. First the good news: yes, you can get a loan, but the bad news is, it’s going to cost you! (more…)
What is Different About Bad Credit Loans?
Monday, January 15th, 2007These days, banks offer a range of products and services designed to meet the needs and wants of all their customers. Many branches will have a different advisors and customer relations managers who are assigned to the different customers of the bank. So for example, there will be a student and graduate advisor who will begin to build a personal relationship with these customers, then there will be a small business advisor who will be trained and up to date on the needs of business, and they may also have a corporate manager who will liaise and meet the needs of the larger corporate customers. (more…)