24th February 2014
If you get turned down for a personal loan or credit card, or you are finding you are continuously using pay day loans to get through each month instead, you might want to think about an alternative borrowing solution.
A new survey from comparison site totallymoney.com has indicated that three-in-five (61 per cent) credit card applications have been turned down over the past year, up slightly from the year before (59 per cent).
Dumfries residents received the highest amount of rejections, followed by Sunderland and Kilmarnock. The latter was also towards the top of the table when it comes to applications per capita, with further northern locations – Blackpool and Manchester – also featuring prominently.
Quite tellingly, nine out of the top ten places for rejection were in the north of the country, suggesting that more people in that part of the country may need to find alternative forms of credit.
If you are a homeowner or mortgage payer be it on your own home or on a buy to let property you obtaining a secured loan could be an answer if you really do need to get some funds for your project.
Taking out a secured loan can be a much more long term type of solution to cash flow problems caused by over , as you can make repayments over a number of years to spread the cost, however terms are available that are as short as 3 years.
If you`ve been declined for a loan or credit cards, get in touch with First Choice Finance, even if you`ve got an adverse credit rating we could still be able to help. If we can help we will even give you a free no obligation quotation, please visit firstchoicefinance.co.uk or call us on 0800 298 3000 or 0333 003 1505.
Unsecured Personal Loans
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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.