Thursday, November 6, 2008

Bad Credit Loans & The Credit Crunch

Securing a loan can be difficult at the best of times, but if you have a bad credit history searching for a loan can be complicated. Certain loan types will not be offered to people with a bad credit score due to the risk factor presented to lenders. At Loanexplorer we have specialist lenders who will look at your financial status and tailor a loan around your requirements, you will not be ignored for having previous bad credit. Just because you have a bad credit score does not mean you cannot benefit from competitive loan deals. Some of our specialist loan plans include non status loans, loans for people with a bad credit history and low credit score loans.

logbook loans
If you have defaults, CCJs, mortgage arrears, an IVA or have experienced bankruptcy then a non status loan can still enable you to benefit from lower interest rates than an unsecured loan. Loanexplorer has access to 2 lenders who still offer non status loans despite the credit crunch.


unsecured loans
Ideal for those with an adverse credit history and who have experienced difficulties in securing a loan in the past. Competitive capital loan rates are available for people with a bad credit history. Loans for people with a bad credit history are available whether you are a homeowner or a tenant.

Low Credit Score Loans
Secured Loans Against Logbook are becoming competitive for people with a bad credit history. Low credit score loans can be limited and have higher interest rates than other loan types. Remove the boundaries created by having a low credit score with a loan plan designed for those with a bad credit history.
Article Source: http://www.articledashboard.com

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