Bad Credit Personal Loan


Bad Credit Personal Loan

 by: John Mussi

A Bad Credit Personal Loan can bring that normality back to your life if you are a home owner with equity in your property. Secured on your home, a Bad Credit Personal Loan can give you the freedom, for example, to do the home improvements or buy the new car you really wanted.

With a Bad Credit Personal Loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases..

A Bad Credit Personal Loan is a low cost loan secured on your home. It frees up the spare capital (or equity) in your home for you to use on whatever you want.

A Bad Credit Personal Loan is ideal if you want to raise a large amount and have a poor credit history – you may be able to get a Bad Credit Personal Loan even when you have been turned down for an unsecured loan.

There are loan plans for applicants who have CCJ's and mortgage arrears, it doesn't matter how many months arrears you have or how many CCJ's you have registered against you, if you have the equity in your property the chances are that a loan plan can be tailored to suit your needs. Whether or not you've missed a few payments on your current credit payments, there are loan plans that will allow you to re-establish your credit rating. So if you've been turned down for credit elsewhere don't despair.

A Bad Credit Personal Loan can help you with:

  • Home improvements such as a new kitchen or bathroom

  • That once-in-a-lifetime holiday

  • Your dream car or boat

  • Repaying credit card or other debts to reduce your monthly outgoings to a more manageable amount

Bad Credit Personal Loan rates are variable, depending on status.

Your monthly repayments will depend on the amount borrowed and term.

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“This information courtesy of http://www.directonlineloans.co.uk Click here to see full range of loans.”