Bad Credit Secured Loans

Having a bad credit rating can be the unfortunate result of many different factors - If you have suffered from County Court Judgements (CCJs), an Individual Voluntary Arrangement (IVA), missed mortgage or loan repayments, arrears, credit card or store card defaults, or even a discharged bankruptcy, then your credit rating is likely to be very poor.

 

On many occasions, it is not until a borrower has actually been refused credit from a mainstream bank that they will realise that their credit rating is less than perfect. Any Loans speak to customers on a regular basis who have only been made aware of their poor credit rating after refusal of a credit application.

 

You may have a bad credit rating but that will not necessarily stand in the way of you obtaining a secured loan. It may however have an adverse affect on the rates of interest you can achieve. The reason why bad credit secured loans will usually carry a higher rate of interest than on comparable 'prime' secured loans is a simple one - Most lending decisions are based on risk assessment and because of this, bad credit secured loans are perceived as a higher risk to the lender and as such will usually carry a higher rate of interest.

 

Because there is a higher risk to the lender, they will therefore need to reflect that risk by charging a higher rate of interest to compensate - it makes business sense. That said, you may still be able to obtain some amazing deals on bad credit secured loans - This is due on the main part to the fierce competition prevalent within the marketplace - this in turn spells great news for those borrowers wishing to obtain bad credit secured loans.

 

Often the easiest and simplest way to arrange finance is through a specialist finance broker. Often these companies will have access to multiple lenders and will be able to compare the different products across the board. Many of these specialist lenders are not accessible to the public directly and with the only means to obtain their products, through a finance broker.

 

Any Loans have access to a large number of lenders and bad credit loan products which means that you will have access to some great rates. Many of the lenders and finance providers on the Any Loans panel are specialists in bad credit loans and are not accessible on the high street to the general public. Many of these products are only available through intermediaries - finance brokers such as Any Loans.

 

The staff at Any Loans are always on hand to help and guide you in the right direction. They are fully trained to give you the expert help and assistance that you will require. So if you have any questions or require any information - get in touch today by completing their short enquiry form. In order to obtain the most competitive products for your finance needs and compare the different lenders and lending products, simply click on the relevant button below and fill in the short online form.

 

Any Loans will NOT charge you for their secured loan price comparison service and all information is provided on a no obligation basis. Your enquiry will be dealt with in the strictest of confidence - Any Loans may collect and retain information under the Data Protection Act 1998.