Adverse Credit and Finance

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If I decide I need a personal loan, which type of lender is best?: Banks, building societies and specialist finance companies all offer personal loans. None are any better than the others in any outright sense – but because the market is so competitive, you'll need to shop around.
How quickly can I get the decision?: More and more loans companies are selling themselves on how quickly they can make a decision. Many promise an instant decision, however they will still have to carry out a variety of checks to verify the information you have provided in your application.
What happens if I am suddenly injured or taken ill?: To protect your loan repayments in case you are unable to work due to accident or illness, you will have to take out either personal loan or short-term income protection insurance.
What does it mean if my payment protection insurance includes cash back?: Some lenders offer a cash back scheme on payment protection insurance – by refunding all or part of the insurance premium after a certain time has elapsed.
What if I want to move house during the term of my loan?: Moving house is only an issue if you have a secured loan – as you have borrowed against the value of your house. How your loan company deals with this varies greatly. Some allow you to transfer your loan to your new property, using your

There are a number of ways in which you could have gained adverse credit or finance. Basically, if you have had problems with paying off secured loans, unsecured/personal loans, credit cards, store cards or car finances and you have been unable to fully comply with the terms of your credit agreement, your credit record will be marked. It doesn't mean you can't get any more credit, but it does mean you won't get the lowest interest rates as these are only available to those with a good credit history.

You will also have adverse credit if you have, or have recently had, an outstanding Country Court Judgement.

If you have had credit problems, don't hesitate to request a loan quotation from us because our partners have competitive deals for everyone, whatever their credit history.