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Money, Finance, Mortgages &
Loans Guides and Topics
Been Refused a Loan Because of Non Status or
Poor Credit Record
Homeowners may have a new way to obtain credit, but watch
out, your home may be at risk.
Benefits of Secured Loans
- Releases equity in property up to 125%
- A simple, flexible method of generating extra
cash
- Unlike a re-mortgage, no survey, valuation,
mortgage indemnity, or solicitors fees to pay
- Easier to arrange than a re-mortgage
- Cash can be used for any purpose - for
example, buying a car, going on holiday, home improvements or debt
consolidation
- With one single payment to make each month,
you have more control over YOUR monthly budget
- Repayment period can be anything from 3 - 25
years
- Protected payment plans can provide extra
peace of mind. Remember, your home is at risk if you do not keep up payments
on a loan secured upon it.
It's a fact of life, over 40% of UK residents have experienced
credit problems.
These range in seriousness from £250 County Court
Judgments (CCJs) to full blown bankruptcy of many millions.
What ALL of these cases have in common is a "poor
credit rating". In the past it would have been almost impossible
to get a loan, secured or unsecured from ANY source.
The demand for loans means mainstream lenders can still be "extremely
selective" and ONLY accept loan requests from people with
perfect credit scores. They OFTEN turn away or refuse point blank
loans for people with less than a perfect credit score
Over the last few years a new type of lender has emerged who
service the "SUB PRIME" market i.e. people with a poor credit
rating.
Initially, sub prime lending rates were extraordinarily high
with costly arrangement fees.
However, due to market forces of "supply and demand"
the gap between "prime" and "sub prime" interest rates
have narrowed dramatically.
In some cases a sub prime lender will now ignore minor
CCJs and defaults and even in the most extreme bankruptcy cases, they will often
provide reasonable solutions providing the loan can be secured on
property WITH equity.
Arrangement fees for sub prime loans are now VERY competitive
and depending on your personal circumstance non existent.
Providing you keep up a good payment record for the first few
years of a non status loan, many lenders will allow you to transfer to a new
lower rate status secured loan.
Secured loans offer lower interest rates than unsecured loans because
there is less risk to a finance company. Most people choose a secured loan
because the savings in interest over the term of the loan can be quite
considerable.
Getting a Decision
Most lenders will send you a decision in principle will be sent to you by
email within 1 to 24 hours outlining:
- the APR
- the monthly payment you
will make
- the total you will pay
over the full period of the loan
- the total interest you
will pay
- arrangement fees if
applicable
- FULL instructions for
finalising your loan agreement
YOU SHOULD GET AT LEAST THREE DECISIONS IN PRINCIPLE FROM DIFFERENT
LENDERS
THEN SELECT THE BEST YOU'VE BEEN
OFFERED
You MAY also be given the option to include payment protection. Although this
might increase your monthly payment, it's strongly recommended you take out
payment protection insurance.
AGAIN COMPARE THE COST OF COVER...
OFTEN A LOW APR WILL MASK HIGH PAYMENT PROTECTION
LOANS SECURED ON YOUR
HOME
THINK CAREFULLY BEFORE SECURING
OTHER DEBTS AGAINST YOUR HOME. YOUR HOME IS AT RISK IF YOU DO NOT KEEP
UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
NEED MORE INFORMATION?
NOTE: RESULTS WILL
OPEN IN A NEW WINDOW
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- Find an Unsecured Loan at Ask.com
- Visit www.ask.com to find a great selection of loans, credit cards, mortgages, pensions, bank accounts and financial advice.
- http://www.ask.com
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- Low Rate Non Status Loans UK
- non status loans uk from accessloans.co.uk . Details on the non status loans uk including application. Please click the image to enter accessloans.co.uk for more information. non status loans bad c...
- http://www.nonstatus-loans.co.uk/
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- non status loan
- non status loan Home Apply Contact Sitemap non status loan Welcome Welcome to Easy Bridging Loans - If your interested in a bridging loan for a house purchase or a non status loan, then you?ve come...
- http://www.quick-bridging-loans.co.uk/sitemap/non_status_loan.html
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- A1 Loans Now - secured loans, mortgages and re-mortgages
- ... Bad Credit Remortgages Credit Repair Loans Debt Consolidation Loans Home Improvement Loans Homeowner Loans Mortgages No Equity Loans Non Status Loans Poor Credit Loans Purchase Mortgages Remort...
- http://a1loansnow.co.uk/finance_solutions.htm
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- Non status loans for people with no proof of income
- HOMEOWNERS TENANTS MORTGAGES CREDIT CARDS ABOUT US Do you do non status loans? We certainly do. In fact we are experts in providing loans to people who are unable to prove their income. If you are ...
- http://www.westminsterfinance.co.uk/loans_nonstatus.htm
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- UK Loan Pages - Non Status Loans
- Search ALL CATEGORIES A-Z Loan Index Full Category Index TOP CATEGORIES Bad Credit Loans Business Loans Credit Cards Mortgage Loans Personal Loans MAIN CATEGORIES Bad Credit Loans Bank Loans Busine...
- http://www.uk-loan-pages.co.uk/loans/nonstatusloans.html
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- Non Status Loans for UK residents
- Non Status Loans For All Circumstances SECURED LOANS DEBT CONSOLIDATION LOANS BAD CREDIT LOANS NON STATUS LOANS TENANT LOANS MORTGAGES REMORTGAGES CONTACT US The right loan for you! Non Status Loan...
- http://www.a1internetloans.co.uk/non_status_loans.htm
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- instant home owners loans - www.facialproducts-online.co.uk
- ... Credit Home Equity Loan Bad Credit Home Equity Loan Loan Rate Uk Car Breakdown Insurance Council Right Mortgage Car Ccj Loan Non Status Loan Compare Uk Loan Rate Cheapest Car Loans Uk Insurance...
- http://www.facialproducts-online.co.uk/2568-instanthomeownersloans ...
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- No Status Loans For Everyone
- ... understand that not everyone is employed by a company that hands out a standard Friday paycheck. Those companies specialize in making 'non status loans' for everything from automobile purchases...
- http://www.selectloans.co.uk/no-status-loans-for-everyone.html
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