Bad Ccj Credit

Don’t let a CCJ (County Court Judgement) prevent you from getting the loan you need. At Relax Finance, a bad credit rating shouldn't exclude you from being eligible for a loan.

A ‘bad credit rating’ shouldn't hold you back

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 credit rating. However, 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. This is why Relax Finance think that a bad credit rating, whether the result of CCJs or other previous financial problems, should not be used to penalise people by obstructing their right to a loan.

Who can take out a Bad CCJ Credit Loan?

Relax Finance are happy to offer assistance, whatever your circumstances:

• 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?

If you are over 18 and a UK homeowner, you can apply for a secured Bad CCJ Credit Loan. With your home as security, banks are more inclined to lend larger sums at lower interest rates than with unsecured loans.

The most you can borrow expressed as a percentage of the property’s value (the Loan-to-Value ratio) is 125%. This can be anything from £10,000 to £250,000 depending on personal circumstances, including:

• Joint income
• Property value
• Previous credit-worthiness
• Period of mortgage payments
• Employment history

Repayment terms range from 3 to 30 years with a rate of interest set according to the circumstances of each individual borrower.

Find the best Bad CCJ Credit Loan for you

Applying for a Relax Finance loan is quick and simple. Just complete our 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