Adverse Credit Loan

Unlike other financial institutions, Relax Finance won’t let previous difficulties interfere with your current request for a loan. So if an adverse credit rating is preventing you from obtaining the loan you require; or if County Court Judgements, mortgage or other loan arrears from the past are hampering your plans for the future, you could find what you’re looking for at Relax Finance.

What does ‘Adverse Credit’ mean?

When a prospective borrower has a credit record that discloses a default on the repayment of a previous debt or loan they are said to have a bad, or adverse, credit rating. This does not necessarily mean that the borrower is a bad payer. It may mean that the bill or debt in question is the subject of a genuine dispute. Relax Finance believe that an adverse credit rating should not be used to penalise people by obstructing their right to a loan.

Who can take out a Adverse Credit Loan?

Almost anyone can apply for a loan, whatever their circumstances. For instance:

• People with a CCJ (County Court Judgement)
• Discharged Bankrupts
• People with arrears and defaults
• Senior Citizens
• DSS Benefits claimants
• Self Employed people with no proof of income

How much can I borrow?

Adverse Credit Loans are personal loan that are secured on your home. This means that your home’s equity (the current value of your property minus your remaining mortgage payment) is released for you to spend on whatever you want – home improvements, a dream holiday, a new car or repaying existing debts to consolidate your outgoings into a single, more manageable loan.

Borrowers with an adverse credit rating could lend between £10,000 and £250,000 with a secured loan from Relax Finance. Subject to your circumstances, you may be able to borrow up to 125% of the property value. The amount borrowed is repaid monthly over an agreed period ranging from 3 to 30 years. Applying for a Relax Finance loan is quick and hassle-free. Simply click on Online Loan Application Form to discover how much you could borrow.

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Calculate your repayments and apply for your secured loan online now at: www.relaxfinance.com