In case of credit history, there are generally three types of lenders customers will have to deal with. The first case will be of lenders who demand nothing except a perfect credit history. Borrowers with a bad credit history are denied loans outright. The second group of lenders generally advertise that their loans are for all types of borrowers, but balk when case actually comes before them. They charge a high rate of interest in order to deter such people from taking loans. The third group of lenders is one where bad credit customers get a respite from. They are willing to offer loans at reasonable rates of interest and other terms.

Lenders who do not cater to people with bad credit can be identified easily through net. Such lenders specifically mention that their services are not meant for people with bad credit history. It is second group that is tough to locate. However once this group of lenders is located, only lenders left over are ones you desire- ones who offer secured car loans in spite of a bad credit history.

Submitting mortgage quotes for secured car loan helps get an idea of lender and his offerings. These put no obligation on borrower. So borrower gets quotes from a number of places. Comparison between quotes will help one reach desired loan product.

Various factors determine amount of loan that a person gets approved for. The value of home, reducing any other debts will be primary valuation measure. The income of borrower and spouse (if working) also helps derive amount of secured car loan. Some lenders offer loan calculators, payment calculators and such other tools to facilitate calculations by borrowers themselves, without necessitating help of lenders.

Andrew baker has done his masters in finance from CPIT. He is engaged in providing free, professional, and independent advice to the residents of the UK.He works for the personal loan web site http://www.ukfinanceworld.co.uk for any type of uk secured and unsecured loan please visit http://www.ukfinanceworld.co.uk