Home owner loans for people with bad credit or adverse credit history

How do you get a bad credit history

Bad credit is suffered by one in three people in the U.K. There are lots of ways you get a negative credit score on your credit report. It can be something as simple as being late for a credit card payment by one day. You may have ordered from a catalogue, and never made a payment. You could have too much debt hanging around your neck and regularly miss payments. You could keep up with all your repayments, but have too much credit at the moment compared to your income. Or you could have been the victim of identity theft. It can also be a mixture of all of the above.

If you have had to go to court at any point in the last seven years for defaulting on a credit agreement and have got something called a 'County Court Judgement' (CCJ) against your name, this does count against you. CCJ's stay on file for seven years. If you have been declared bankrupt (IVA), this also puts you into the negative when applying for credit. If you regularly apply for credit, whether it be store cards, credit cards, loans or bank accounts, and are always knocked back, this also counts towards the negativity of your credit history.

You can apply for a copy of your credit report from two agencies in the U.K. Equifax is one, the other is Experian. You can get a copy of your report for as little as £12.50, which enables you to see exactly what lenders or loan companies, mortgage and remortgage providers see when you apply for finance. You can also obtain your rating for £14.95 which gives tips and hints on how to improve your rating and negotiate better interest rates.

Quick and Easy supply you with a short term bad credit loan based on your future, not your past. If you own your own property, land or business, the chances are we can help with a short term fiscal advance. It is free to apply online and only takes a couple of minutes. We are specialist bad credit loans providers.

Bad credit affecting getting a loan

It does not make it impossible to borrow if you a negative rating. Although the High Street Banks and Building Societies generally never deal with one in three people in the U.K., there are specialist lenders out there. Store cards can still be obtained, although the value you get to spend is very nominal. Credit cards are something else which can be secured, although you do pay a higher rate of interest. If you shop around the Internet, there are specialist lending institutes that specifically deal with people in adverse territory.

Be very wary, when applying though, there are less reputable companies out there that will charge an administration fee up front, then decline you. A lot of these have been on the BBC programme watchdog. Quick and Easy do not charge an administration up front. Nor do we look to the past. We believe that if you are fiscally aware enough to own your property, then we should not worry about your past and only look to the future with you.

We can supply you with a short term or bridging loan, for whatever reason, at attractive rates, over a period of time that is suitable to you. We are the actual lenders of money, so a decision is made immediately. The short term finance is secured against your property, not your history and we lend on the current value of your property, not what you initially paid for it. You can apply on line, request more information or give us a call. We never share your private details with any other lenders. What comes in house stays in house. As long as you are a homeowner, mortgage payer or land owner, we can help you with your present finances.

Quick and Easy helping you repair you rating

It is possible to start repairing your history without employing or spending your hard earned cash on an 'expert'. As mentioned earlier you can download your up to date report from Experian or Equifax. With the information that these two agencies supply, you can see what is counting against you and start to rectify those problems. Another good way to repair any damage is to apply for a bridging loan through ourselves. If you keep up with your repayments and clear the loan in the agreed time span, then this counts positively toward your history. You can apply here. We are the actual lenders, so we do not give your details out to numerous companies who do a credit check on you, which if too many checks are made, has an adverse reaction on your credit status.