If you have been hoping to get that all important loan, to perhaps fund that all important home improvement, take that needed holiday, or to buy that new car, and have not suceeded then we can help you. If you have been refused a loan and have been looking around for similar rates with no success then by now you may be feeling confused and frustrated.
More and more people in the UK are giving in to loans with the ever shrinking interest rates available, more and more lenders are offering loans with competitive interest rates, and with quick applications and availability its no wonder more people are looking for a loan.
But with the success comes the unsuccessful, lots of people are turned away and refused a loan, simply because they do not have enough affordability, with a credit record showing at least some sort of bad credit. Lenders are more wary about lending to people who dont have a spic and span reputation of making repayments, and whats worse, this can affect your interest rate by a great deal, so we understand why being refused a loan can be very frustrating.
There are specialist lenders out there who specialise with people who have been refused a loan elsewhere. But, as a guide, always seek the advice of an independant financial adviser before making any loan application.
You could end up locked into a financial commitment with high interest rates exceeding 30% APR, meaning you could be paying back over a third of the loan on top of what you borrow.
Being refused a loan elsewhere does not automatically subject you to high interest rates, there are things to consider when taking a loan. There could be items on your credit file that make all the difference to your loan applications.
Here at a mortgage 4 you our financial advisers can help you find the best loan rate with successful approval, it is always wise to have looked across the market, as you may unearth an interest rate far better then those put forward to you.
So if you have been refused a loan because of bad credit, refused a loan because of ccjs or refused a loan because of any other financial problem then give us a call today on 0845 2 605 506.
If you are looking for an unsecured loan then the easiest way to do this is to ensure your credit history is in order before applying for a loan. An unsecured loan is based upon your credit history, therfore too many red marks on your credit file will be enough to have you refused a loan.
Secured loans are easier to be accepted on, and usually offer more money, in exchange you secure the loan against your property, therfore blemishes on your credit file do not carry as much as importance as that on an unsecured loan.
