Default LoanIf you have taken out a loan, credit card, store card, overdraft or finance agreement in the past and unfortunately have not been able to keep up the payments you may have incurred a `default` on a debt. Fortunately having a default or even multiple defaults does not necessarily mean you cannot get a loan when you need one, even though it may mean you have had difficulty in securing credit or have been refused a loan in the recent past, because this is where My Sort of Loan comes to the fore.
Through our many years of experience and extensive default lender plans our clients have been successfully obtaining loans from £3,000 to £150,000 with current or previous defaults on their credit- even when they believed they could not obtain the loan they required.
If this sounds like you then donít hesitate to get in touch with My Sort of Loan confidentially by calling us for free on 0800 0159 108 or dial 0330 0536001 (mobile friendly). Alternatively just complete our short on line form and talk to one of our UK based loan team who can run through your specific defaults, CCJ`s or other concerns with you in order to match you with a lender plan that meets your needs and provide you with a free quotation. Our aim is to help you borrow the money you require for the reason you want it whilst maintaining affordability, at a loan rate that is good for your circumstances from our lender panel.
We have been able to help many of our customers with poor credit, even those with defaults, missed credit payments or mortgage arrears find a suitable loan for them. If you have defaulted in the past or have bad credit we may still be able to help you obtain a default loan.
Loan repayment terms can be set between 3 and 25 years to help get the balance of payments per month versus total paid back correct. If it is not convenient to call right now, don`t worry fill in our enquiry form and we will contact you when you are available.
Default Loan With Bad Credit OptionsThough our panel of lenders we have access to loans for all types of scenarios and generally they can be used to borrow for any purpose. You may opt for a personal unsecured loan or a secured homeowner loan dependant on your tenure and preferences. Each of our lenders have different criteria to work out whether you are eligible for a loan and for what amount, we will search through the various possibilities and match you with the loan which best suits your situation and the loan product you have sought.
Our trained & knowledgeable finance team have detailed knowledge of our lenders products who will enable you to deal with your mortgage or credit arrears, your payment history on your current credit agreements such as personal loans, store card and credit cards to match you with the best lender who wants your business.
If you have bad credit or have defaulted in the past or recently incurred a default or defaults then donít assume you wonít be able to get credit via a loan to fulfil your finance requirements. My Sort of Loan may still be able to help and if we can`t we will try and explain why so you can aim to put yourself on the road to recovery.
Criteria For Secured Loans With DefaultsOur lenders do not just look at a summary of your current finances, they will look at the detail, consider how you came to be in this position compared to where you are now and whether a loan will put you in a better position overall. Secured homeowner loan lenders may look more favourably on people who have defaulted in the past but have been able to keep on top of the situation in recent times and have built up some equity in their property or on people who have lived at the same address for a longer period of time and kept on top of mortgage repayments when other credit has slipped behind. Also if you have are in steady employment or have a solid income from being self employed and are determined to repair any defaults or arrears these may also help your loan enquiry.
Multiple Purpose Default LoansNo Matter what your financial circumstances our team will work tirelessly to find a loan plan which is suitable for you through our panel of lenders, our loans can be used for virtually any purpose. Common reasons include;
- Settle Old Loan Defaults To Repair Your Bad Credit File & Move Forward
- Pay Of County Court Judgements So They Show As Satisfied
- Repay Outstanding Creditors Via A Debt Consolidation Loan To Lower Monthly Outgoings
- Repair Or Renovate Your Home, Build An Extension Or Buy A Conservatory
- Take A Special Holiday, Pay School Or University Fees, Fund A Family Wedding
My Sort of Loan`s wide selection of lenders offer both unsecured and secured default loans through our lenders and intermediaries to our customers, once you are approved you can use the money for whatever reasonable purpose you need; including any key project or consolidation of your existing debts into one easy to manage payment.