Taking out a payday loan could limit your choice of mortgages, even if you pay it off in full and on time – fortunately, First Choice Finance is on hand to try and help those that have had this issue through some of their more specialised lenders.
The BBC broadcast in November that two-thirds of experts contacted by Mortgage Strategy have dealt with people who have been refused a home loan after taking out one of the quick, high interest pay day style unsecured loans.
These rejections were often immediate, without taking into account the applicant`s income or payment history. As a result, their credit scores could also take a hit as searches that are subsequently declined can reduce their credit rating, which can make life harder when they next apply for a mortgage.
However, First Choice Finance have access to personal loans, secured loans and even guarantor loans alongside mortgages for people from all sorts of credit backgrounds.
Discover how we could help you by visiting firstchoicefinance.co.uk or by calling us on 0800 298 3000 or 0333 003 1505.
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.
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