Bad Credit Loan

Is a bad credit rating preventing you from getting the loan you need? Are the familiar financial institutions closing their doors to you just because you have a past record of County Court Judgements, mortgage or other loan arrears?

Don’t worry. At Relax Finance, we consider all circumstances, we provide loans that helps you plan for the future.

What do we mean by 'Bad Credit'?

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 should not be used to penalise people by obstructing their right to a loan.

What can a Bad Credit loan be used for?

A Bad Credit loan is a personal loan that is secured on your home. This means that it releases your home’s equity (the current value of your property minus your remaining mortgage payment) for you to use 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.

Who can take out a Bad Credit loan?

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?

Relax Finance offer secured loans of between £10,000 to £250,000 to borrowers with a bad credit rating. 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 to discover how much you might apply to borrow.

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