Why People Choose Us
You might be surprised to hear just how easy it is to apply for a short term or personal loan. Furthermore, you don’t even have to leave your chair to apply for it. Instead, you just simply fill out our very short form and if you are accepted by a lender you’ll get your loan by the next day.
Loans for people with CCJs
Many people are afraid that having a CCJ might prevent them from taking out a loan anywhere in the UK. While it is true that there are lenders who won’t entertain borrowers if they have a CCJ, there are still lenders who are lenient enough to offer their services to such people. There are also loans that are designed specifically for borrowers with CCJ, bad credit and the like. Now if you want to take out a loan and you have a CCJ in your credit file, then you might want to consider loans for people with CCJs.
Qualifying for a personal loan with CCJ
Sadly, it’s quite challenging to qualify for a personal loan if you have a CCJ. The reason behind this is that many lenders will be cautious in lending money to people with low credit scores as there is a real risk that they will default on their loan. And because personal loans are unsecured, there is no security that the lender can turn to when you are unable to make the proper repayments. Normally the requirements in qualifying for a personal loan in the UK include:
- Have strong or excellent credit score
- Must be at least 18 years old at the onset of the loan
- Be a legal resident of the United Kingdom
- Have a steady source of income that checks affordability for the loan and its repayments
This doesn’t mean, however, that you can’t get an unsecured loan entirely. This simply means that many lenders will be wary of your application and will require a lot of convincing so you can get approved. There are also lenders who specialize in providing personal loans to people with CCJ’s. Bear in mind, however, that a personal loan with CCJ can come with high interest rates because of the risk involved in your application and you may not be able to qualify for the maximum amount.
Other loans for people with CCJs
Aside from personal loans, there are also other loans for people with CCJ that you can look into in the UK today. While many of the mainstream lenders and financing institutions may not be able to cater your need for funding, there are more forward-thinking lenders who will consider your loan application as long as they can see any evidence of affordability and ability to repay the loan. They may also require you to offer a form of security for your loan deal. Some of the options that you can consider include:
- Doorstep loans
- Payday loans
- Logbook loans
- Guarantor loans
When you do manage to take out a personal loan with CCJ, make sure that you manage the loan properly and you stick to its agreed payment terms and conditions. You have been given another chance by a lender and it is crucial that you take advantage of this opportunity and prove to lenders that you can manage a loan and you are responsible enough to pay it back. This will help you a lot in getting better deals in the future.