Just about all projects or goals of any size or importance require several steps during a period of time for you to complete. To carry out any complex project or achieve most worthwhile goals will need concentration, dedication and several steps completed over a period of time. Aiming to find a loan if you have a bad credit history is no exception. To find a loan if you have a bad credit history is not a single step project either. But here’s how to achieve that in five simple steps.
Step 1. Always apply through a reputable broker. This is very important because if you apply directly to a lender, you may choose the wrong lender and have to keep re-applying which will register several credit checks on your credit file which could harm your chances. In the event you decide not do this step, by the time you have found a lender that may have been willing to help, by registering several credit checks on your credit record, they may now not want to help.
Step 2. Be totally honest when you complete any application forms online. This can be a very important step. It demands concentration and your full attention. It could be best if you could do it this way: Always compile as much information about any arrears CCJ’s or defaults registered against you before applying, this can be done by acquiring a copy of your credit record. Why this is very important is failing to do so may prejudice the lender against offering you the finance you require.
Step 3. Never apply to more than one place. The reason behind this is to make sure that you do not register too many credit checks too closely together that will raise a flag on your credit file. Likewise, we want to do our best to make sure that you get the best rate that is available to you.
Step 4. Be patient, we will get back to you as soon as we can to let you know what we can do to help. To elaborate on that a bit, we always make sure we look at all your options before we recommend a loan to you, to ensure that we have found you the best deal available.
Step 5. Always read through any paperwork to make sure you fully understand your loan offer before you sign and return it. Additionally, if you are not sure about anything make sure you ask, no question is too silly.
Finally, if you have kept to the program and followed the tips well, you’ll have succeeded and will now take advantage of the fruits of this success! You could be a little bit pleased with yourself and self-satisfied! You set yourself a goal and here you have attained it! Now enjoy!
If you did not stick to the above tips, too not a good idea! Good luck to you anyhow!