Damaged Credit

Damaged credit

Damaged credit is built up when you have finance problems. It can start with a missed or late credit card payment and it can snowball to include ccjs (countly court judgements), defaults, arrears on mortgage or rent payments. All these problems are registered at a central agency and whenever you apply for any type of credit (loan, overdraft, credit card, HP or other finance) and a credit search or score is done, the damaged credit record can be seen.

Damaged credit affecting applications?

Is your damaged credit record or bad credit history affecting your loan applications? Lenders, especially high street lenders or unsecured personal loan lenders, can be very hot on declining people who have damaged credit. It takes them just a few minutes to look at your credit search score and decline or approve you. They want to lend you money but they want you to pay it back, they don't want to become one of the companies listed on your damaged credit record.

Damaged credit lenders

There are some lenders who will lend to people with damaged credit records. These lenders tend to specialise in loans for people with bad credit such as:-

• ccjs (county court judgements)
• bankruptcy
• defaults
• mortgage arrears
• missed credit card or loan payments
• ...and other bad credit

Homeowners may well find it easier to obtain a secured home loan with damaged credit rather than an unsecured loan. Rates are very competitive for bad credit loans now (2003), so having damaged credit should not stop you from getting a good rate. Some of our lenders can even ignore some types of bad credit.

Loan purpose

There are so many reasons why people with damaged credit request secured or unsecured loans through our company. There is not really any enquiry that we refuse to accept, For example:-

• debt consolidation
• home improvements
• holiday
• caravan
• motor bike
• new car
• new kitchen
• new bathroom
• conservatory
• ...and many more

If you were previously refused or turned down for a loan that you needed for any of these reasons, don't worry. We could help get money for almost any purpose including self employed inland revenue tax bills by introducing you to loans companies who assess your case with a variety of lenders.

Get a NO OBLIGATION Quote

Click on the "Apply Now" button above and a short online enquiry form will open. Sending your loan enquiry takes just a few seconds and should give you access to low rate, fast loans options even with your damaged credit record.

If you were turned down or refused credit by another company, you may not have been happy with their service. We believe the companies we use have a professional manner and we are eager to help you arrange your loan quickly and without the hassle you may have experienced in the past.

You should not have to wait long for decision in principle. A company's decision in principle guarantees that as long as the details you provided are accurate and don't change you should have your loan approved.