or a secured loan that will not let your first lender know that you are having a secured loan, have no ccjs but a few late payments here and there, would ideally like to consolidate our existing credit into one basket, if you know what i mean! any recommendations would be helpful
2006-07-06 20:38:55 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No - they all do credit checks nowadays. A few late payments may not have a detrimental effect if you've previously been a good payer. Look at YAHOO Finance for competitive rates.
2006-07-06 20:43:25 · answer #1 · answered by The Findleys 3 · 1⤊ 0⤋
A secured loan is a second charge on a property, all secured loan companies will credit check, they will assess the risk and give you an interest rate to reflect this. They don't tell the first lender it goes on your deeds as a second charge, which means if you default the first lender gets its debts satisfied first and the second obviously second. If you have a bad credit rating don't worry, lots of people do, we do loans for bad credit when you cannot remortgage. So not as complex as you might imagine.
2006-07-07 05:58:58 · answer #2 · answered by MSMORTGAGE 3 · 0⤊ 0⤋
i would recommend not going with secured if you don't have to
i'll show you some text from this company
http://www.wesayes.com
We have over 80 Little-known Banks & Companies that offer Bad Credit Loans, Bad Credit Home Loans, Bad Credit Auto Loans, and Bad Credit Personal loans to people with Bad Credit or even a Bankruptcy. Many require absolutely NO COLLATERAL & NO CO-SIGNERS. Home ownership is not required.
sounds to good to be true but it is not
2006-07-07 00:59:53 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They all do credit checks in the UK. I would be very suspicious of a finance company that didn't. Late payments shouldn't make a great deal of difference to lenders (unless you have made a habit of it over a long time) except that your interest rate might be slightly higher to cover a higher risk factor. You can check out your own credit history to see how things are. Try http://www.experian.co.uk/creditchecks/ they have the most up to date UK info.
2006-07-06 21:03:36 · answer #4 · answered by moblopo36 2 · 0⤊ 0⤋
Good companies always do all credit checks.But consolidation of all loans in to one account will be permitted by good companies even if you disclose all your loans.You can ask the finance company /bank to take over all loans by direct payments and fix an EMI for you.
2006-07-06 22:39:13 · answer #5 · answered by leowin1948 7 · 0⤊ 0⤋
You'll find all loan companies do credit checks on you but they don't tell your first lendor about the checks or about the loan as that would breach data protection laws because you haven't given permission..... I would phone some of the ones on tv and see what they have to off like picture or ocean finance.
2006-07-06 20:45:02 · answer #6 · answered by ptdemon 3 · 0⤊ 0⤋
if you need a secured loan ask any loan company like hfs,they will pay off your exsisting loan plus give u all the funds you need to pay for your other debts,dont matter if u missed a payment or two as it will be secured on ur house.give em a call and have a chat that dont cost does it.
2006-07-12 03:08:51 · answer #7 · answered by irlamboyo1 3 · 0⤊ 0⤋
I can help you if you live in either Oregon or Southwest Washington State. Go to Northwest Title Loans. Works for Payday Loans and Auto Title loans. Hope it helps.
2006-07-06 20:43:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Get in touch with your local Credit Union. They are a not for profit organisation, run by members of your community for your community.
2006-07-06 20:44:15 · answer #9 · answered by Nneave 4 · 0⤊ 0⤋
Pls go to s168897611.onlinehome.us/directory/?sxq5569.html or www.ezinearticles.com/ ?What-is-Factoring?--Working-Capital-Without-a-Credit-Check!&id.
2006-07-06 20:52:50 · answer #10 · answered by Halle 4 · 0⤊ 0⤋