What is a Bad Credit Personal Loan?

Written by John Mussi


A UK Bad Credit Personal Loan is a loan designed forrepparttar many people with a bad credit rating. A bad credit rating can make your life a misery.

However created, your past record of CCJ’s (County Court Judgements), mortgage or other loan arrears can live on to deny you access to finance that other people regard as normal.

If you are a UK home owner with equity in your property, a UK Bad Credit Personal Loan can bring that normality back to your life. Secured on your home, a UK Bad Credit Personal Loan can give yourepparttar 112264 freedom, for example, to dorepparttar 112265 home improvements or buyrepparttar 112266 new car you really wanted.

With a UK Bad Credit Personal Loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases. . A UK Bad Credit Personal Loan is a low cost loan secured on your UK home. It frees uprepparttar 112267 spare capital (or equity) in your home for you to use on whatever you want.

A UK Bad Credit Personal Loan is ideal if you want to raise a large amount and have a poor credit history – you may be able to get a UK Bad Credit Personal Loan even when you have been turned down for an unsecured loan. There are loan plans for applicants who have CCJ's and mortgage arrears, it doesn't matter how many months arrears you have or how many CCJ's you have registered against you, if you haverepparttar 112268 equity in your propertyrepparttar 112269 chances are that a loan plan can be tailored to suit your needs. Whether or not you've missed a few payments on your current credit payments, there are loan plans that will allow you to re-establish your credit rating. So if you've been turned down for credit elsewhere don't despair.

More detailed information………… County Court Judgement (CCJ)

What is a Remortgage?

Written by John Mussi


A remortgage is changing your mortgage without moving your home. Remortgaging isrepparttar process of switching your mortgage to another lender that is offering a better deal than your current lender thereby saving money. A remortgage can also be used to raise additional finances by releasing equity in your property.

More detailed information……….

When you remortgage you are ending your old mortgage deal and switching to a new one. This normally involves switching your lender although you can sometimes change deals with your current provider. If you do remortgage with your current lender it normally involves changing your existing deal.

You can borrow from £25,000 up to £500,000. Rates are variable, depending on status. It is important to note that there are costs attached to remortgaging such as redemption penalties. These need to be taken into account when you are considering a remortgage. It is however worth bearing in mind that oftenrepparttar 112263 benefits of remortgaging can outweighrepparttar 112264 costs involved.

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