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.
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.
Can I have a fixed rate loan?: It is entirely up to you if you want a fixed rate or a variable rate loan – however there are some limits to this.
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
I have not been with my current employer very long, can I still apply for a loan?: To apply for an unsecured loan you will normally need to provide 3 consecutive pay slips to prove that you have a regular income.

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.

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