Debt Consolidation Loans for People with Bad Credit

Debt Consolidation Loans for People with Bad Credit

If you’re feeling overwhelmed with trying to juggle several payments to different lenders on different dates each month, all with different interest rates, then a debt consolidation loan could be a good option for you to consider.

In this article, we will look at what debt consolidation is, how it works and what options may be available to you.…

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Getting a Loan if You Have Bad Credit

Getting a Loan if You Have Bad Credit

If you have a less than perfect credit rating, you might be worried that this will have an impact on your ability to take out a loan, and, as you embark on your search, you are probably finding out that to some extent you are right.  But don’t panic, you are not alone. Latest research suggests that one in three people in the UK will have credit issues at some point, and there are ways to get a loan if you find yourself in this predicament.…

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Can You Get a Mortgage with a CCJ?

Can You Get a Mortgage with a CCJ?

Finding a mortgage can be tough at the best of times but for someone with adverse credit such as a CCJ, it can be even harder.  We are often asked if you can get a mortgage with a CCJ, and the short answer is yes it’s possible but obtaining that mortgage isn’t always as easy as it sounds and there are factors to consider before entering into a mortgage agreement.  If you have a CCJ in your credit history lenders are less inclined to lend you money due to your previous problems when borrowing as they believe you to be a higher risk of not sticking to the agreement.  In their eyes it doesn’t matter how innocent the CCJ is, a CCJ is still a CCJ regardless.…

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A Practical Guide to Getting a Mortgage with Bad Credit

A Practical Guide to Getting a Mortgage with Bad Credit

If you’re looking to get onto the property ladder but find yourself with an imperfect credit history then obtaining a mortgage can be a real struggle.  Searching for a suitable lender can be a tedious task and with what seems like endless rejection, that’s where we come in.  Here at Tailored Money, we’ve been in the industry long enough to know that previous financial issues don’t always reflect the future so we take the time to understand your situation on an individual basis and advise you on the best course of action to get you into the housing market.  Today on the blog we offer our best advice on how to get a mortgage with bad credit.…

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Can I remortgage with bad credit and arrears?

Can I remortgage with bad credit and arrears?

We are regularly asked “can I remortgage with bad credit and arrears?” Unfortunately there isn’t one blanket answer.  Simply put, yes it’s possible however each case is different so it very much depends on your personal circumstances and each enquiry is considered on a case-by-case basis.  There are many different lenders in the market, each with their own set of criteria that needs to be met in order to be accepted for a loan so it’s important to do your research before applying.…

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Loans for People with Poor Credit – A Practical Guide

Loans for People with Poor Credit – A Practical Guide

A recent study has found that one in four adults in the UK have some sort of adverse credit. Poor credit can be the result of being completely new to borrowing or the consequence of having a history of late payments, CCJ’s or bankruptcy.  Generally speaking, people with poor credit find it difficult to get a loan.  This is because lenders see them as a higher risk.  Lenders who do offer loans to people with poor credit have higher interest rates because the risks are much higher to them as opposed to someone with a good credit history.…

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