Adverse Credit and Finance

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What is a Bridging Loan?: A bridging loan is designed to help you when you are selling your old home and buying a new one, because it is very difficult to get the timing right.
What is a Tenant Loan?: If you do not own your own property, you will not be able borrow money secured on your home. This means that any loan you take out will be a tenant loan – or an unsecured loan.
Will my monthly repayments ever change?: It depends on whether your loan is a fixed or variable interest rate loan, and over what period of time you are taking the loan.
How much can I reduce my monthly payments by with a debt consolidation loan?: It really depends on how much you owe. In some circumstances you may be able to reduce your total monthly repayments by as much as 75% - simply by consolidating your debts into one single payment.
Over what length of time can I spread my repayments with a debt consolidation loan?: You will be able to spread your repayments over whatever term you need to in order to meet your repayments.

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.