Frequently Asked Question
Will my credit score affect my ability to take out a home loan ?
A bad credit score may affect the interest rate which you will be offered, but we should still be able to arrange a secured homeowner loan to suit your individual circumstances.
Just complete our Secured Loan Application Form and we'll contact you with a competitive quote.
We offer a wide range of secured loans for UK Homeowners with bad credit - up to £250,000 for any reason.
- Consolidate your bad debt
A debt consolidation loan is an easy way to pay off existing bad debts, so why struggle with lots of different payments when you can consolidate it all into one simple, affordable monthly repayment. - Flexible repayment periods
Borrow between £5,000 and £250,000 - and choose between 3 and 25 years to pay. - Optional payment protection
For extra peace of mind protect your payments against unemployment, accident and illness. - No fees
The variable monthly repayment quoted is what you pay with no hidden administration costs.
Bad credit problems and getting a secured loan
- Credit checks
Before lenders consider lending you credit they will undertake a credit check. A credit check determines your credit history whether you have any CCJ's, defaults or outstanding credit card bills. - Credit scoring
This process is used by most lenders to determine what level of credit risk you are. They use a scoring system based on credit history; good or bad, length at current address, security, employment, income and answering these questions gives them a score or Credit Rating. Mainstream lenders only want high scores. However, there are specialist lenders who may be able to arrange a loan even if you have a bad credit rating.
With Secured Loan UK .com, no matter whether you're Status or Non-Status, being a Homeowner means we aim to find you a competitive rate that matches your credit history.
All you have to do is complete our Secured Loan Application Form and let us give you a FREE and under NO obligation quote.
