Is getting a loan impossible with bad credit?
Although the credit crunch has made borrowing more difficult – there are still options available to people with bad credit scores. There are many lenders who specialise in offering loans to people with bad credit. However, people with County Court Judgements or a history of defaults will not have access to competitive interest rates. Bad credit loans always have the highest interest rates to reflect your risk potential. Shop around for bad credit loans at www.debts.org/loans Is getting a mortgage impossible with bad credit? Mortgages have become increasingly difficult for everyone, especially for first time buyers and people with bad credit. There are, however, mortgage plans still available for people with bad credit history. If you have a poor credit rating you may have to pay higher interest rates and find a substantial deposit (15% of house value). Shop around for bad credit mortgages at www.debts.org/mortgages FAQs on Credit Scoring 1 – Can other people I share a house with affect
