Secured Loans for Bad Credit
As well as helping people with good credit, we also provide secured loans for people with adverse, poor or even bad credit score.
If you have previously been declined due to your credit history or you don’t meet one lender’s criteria due to personal circumstances, it doesn’t necessarily mean that every lender will turn you down.
Although some lenders may not be able to assist, at Central Trust, we consider all credit histories, including defaults, CCJ’s, or missed payments. These are however subject to criteria and our underwriting standards.
We have over 30 years of experience helping customers find the right type of loan for their circumstances. As a specialist lender, we can help those that have a poor credit history, previously turned down by high street lenders. Getting a secured loan shouldn’t feel impossible, and we want to help you raise the funds you need, whatever your plans.
There are various reasons why someone would consider to take out a secured loan if they have bad credit. One of the most common reasons is to consolidate their existing debts.
Some individuals take out a secured loan to consolidate multiple debts where they have a high interest rate. Often, they find out that their credit score has improved since taking out these loans and now their credit score is better, they decide to consolidate them to get a lower interest rate. By doing so, they may reduce their monthly repayments.
Or it may be that an individual has multiple debts and struggles to make repayments on time. Consolidating debts into one loan can help simplify their monthly repayments, as it allows them to understand their debt better, making it easier to budget for the month.
All applications for bad credit secured loans are considered on an individual basis so please get in touch to see if we can help you – whatever your credit circumstances, we will do our very best to help you get the secured loan you need.