Credit Problems
Finding a low rate secured loan despite credit problems
Once upon a time, it was really difficult to get a poor credit score, lenders typically wouldn’t share financial information about their customers with anyone. The reasoning behind this was that if you didn’t have any problems and pretty much managed to pay all of your bills on time, then they didn’t want their competitors to know incase they tried to poach you. On the other hand, if you were having credit problems, then they didn’t want the competition to know that either, because if you decided to move your business elsewhere they didn’t want to put the opposition off.
Today unfortunately, thanks to the wonder of computer networks and centralised credit databases such as Experian or Equifax you can find yourself with credit problems for as little as missing 3 credit card payments, or being late with a couple of mortgage payments.
The good news is that at Financial Giant we don’t regard a poor credit history as a crime, and we’re not the only one’s. Increasingly lenders are realising that just because someone makes a mistake, or gets into credit problems often because of events outside of their control, that doesn’t bar them from a secured loan.
Although in most cases as adverse credit history does mean that you may have to pay a slightly higher interest rate, at Financial Giant, we have a panel of selected adverse credit lenders, which means that whatever your circumstances, we can help you to find the best possible loan for you.
■ Get a quote and find a secured loan product that fits your circumstances
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