If you`ve struggled paying back loans or credit cards in the past and need to borrow more money now but cannot get personal loan, bad credit secured loans could be the solution.
Often when you go to get a loan, the first stop is unsecured loans, which usually rely on your credit history, so if that isn`t healthy you`ll likely either be declined or get very high interest rates on a loan, it may also be for too small an amount.
According to Aqua, the most common reason for being declined is not completing a previous payment agreement, with opening more than one bank account or having multiple credit checks in recent months also seen as negatives.
Not being able to borrow the money may be a worry for you, particularly if you want to ease your cash flow by utilising the loan to pay off your unsecured debts, such as credit or store cards, to leave you with a single repayment to make each month, which should result in smaller instalments, although you may pay more over the course of the loan due to interest payments.
Alternatively, there may be something that you really want to pay for, like home improvements to make your property more accessible or increase its value ahead of sale, and that`s another way where bad credit secured loans through First Choice Finance can come in useful.
With our homeowner secured loans, impaired or bad credit needn`t be a problem as your property will be used as security for the lender and there are�many other factors taken into account, not just your credit history.�
So if you`re having trouble obtaining money from other sources, contact First Choice Finance today and get a quote on bad credit secured loans.
You can call us for free on 0800 298 3000 from a landline or call 0333 0031505 from a mobile, otherwise fill in our short on line form.
Unsecured Personal Loans
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Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014-2018.