Adverse Credit Loans

 

It’s not uncommon these days for UK residents to have a less than perfect credit history. With so many purchases available on credit, offers of UK credit cards and loans plopping on to the door mat every few days and the array of catalogues offering buy now pay later deals, it’s hard not to findd yourself in debt. And even the best of us can fall behind on payment at some time or other.

I'm a home owner / mortgage payer*

If you own your house or are the mortgage
payer, then you may be able to benefit from
low monthly repayments...

I'm a tenant or renter

If you don't own your own home or pay a
mortgage, then we can still help with a loan
of up to 15k.

 

In the past, this means that you could never hope to get credit in the UK again – or at least, not for a very long time. However, there is now a new breed of lenders in the UK…lenders that are happy to offer adverse credit loans. And, unlike the days of old, this does not mean an unscrupulous loan shark who would kneecap you soon as look at you. These are proper bona fide loan companies whose only crime is charging a slightly higher rate of interest on adverse credit loans.

 

As with all other types of loan, you will find that the rates and deals on adverse credit loans can differ from lender to lender. The interest rate on these loans is generally higher than on traditional loans because your adverse credit history makes you a high risk borrower, and the lender understandably need to protect his own interests. But this does not mean that you won’t get special offers and benefits on a wide range of available loans.

 

Many loans that are geared towards those with an adverse credit history are secured against property (such as a homeowner loan). This is to reduce the risk to the lender should you fail to make your payments, but also makes the loan easier for you to pay because of the lower interest rate and the longer repayment period. Most adverse credit companies will look at those with CCJs, defaults, IVAs, history of bankruptcy and generally poor credit. There is, of course, no guarantee that you will get the loan, but many companies will assess your case on its own merits. All you need to do is provide your proof of income and show that you can afford to make the repayments.


 

Libra Finance UK

a range of loans for any purpose

fast decision from our courteous staff

available up to 2.5 million

Adverse Credit Loans Mortgages Bad Credit Loan Bridging Loan Can't Get a Loan Business Car Loan Career Development Loan Consolidation Finance Home Equity Loan Homeowner Low Cost Low Interest Online Personal Secured Small Business Student Tenant Unsecured Personal Injury


OUR TYPICAL, VARIABLE RATE IS 10.9% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.