Poor Credit Rating Debt
Consolidation Loans
Poor credit rating debt consolidation loans are frequently requested by UK homeowners and tenants. They are for people with poor
credit that appears on a credit search or score. Many UK loans lenders decline debt consolodation loan applications because of poor credit
rating. However we can help you obtain poor credit rating debt consolidation loans by introducing you to companies that specialise in
poor credit rating debt consolidation loans.
"Poor credit rating" is a term that comes from the results of a credit score where you are given points for certain
attributes. A poor credit rating would suggest you achieved a poor credit score. You can have a poor credit rating for many different
reasons and it is often a combination of things.
A hidden benefit of poor credit rating debt consolidation loans is that as long as you maintain your repayments correctly, in time,
your credit rating should improve. Many homeowners take poor credit rating loans to consolidate their debts and when their
poor credit rating has improved, they refinance to an even lower rate for clean credit homeowners.
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Your Poor Credit Rating and
Lenders Criteria
There are many types of poor credit rating. Any of the following could affect your credit rating:-
- Bad credit history
- CCJs (county court judgements)
- Defaults
- Mortgage arrears
- Rent arrears
- Missed credit card or loan payments
- Bankruptcy
- Arrangements
- Having no credit history
- Not appearing on the voters role
- Length of time in employment or at address
- Income or type of contract
- or other...
Different poor credit rating debt consolidation loans lenders set their criteria differently and having a poor credit rating does not
necessarily mean you cannot get low rate poor credit rating debt consolidation loans quotes.
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