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 …Continue reading