Loans Bad Credit Rating

Did you know that one in three people have 'adverse' or bad credit recorded on their credit files? 

A bad credit rating can come in many forms for example:-

• CCJ’s
• Defaults
• Arrears

A misconception of a bad credit rating is that ‘because you have been applying for credit and been turned down’ many people think they must have a bad credit rating! 

Many are not aware that applying here, there and everywhere for credit, actually lowers their credit score quite significantly - but does not mean they have a bad credit rating.

Having too much credit is another aspect of credit rating, many rarely think about, again you would not class a person with too much credit with a bad credit rating, would you?

Not having any credit history at all, can be another reason why you are being turned down, never would you consider this a bad credit rating!

Whatever your circumstances, the key to obtaining your loan is applying to the right lender, for the right loan, to suit your circumstances.

So let the credit specialists - Credit Problems No Problem source you – Your Loan Today.