For bad credit applicants seeking finance, it may be a good option to consider your choices within the secured personal loan market. A secured personal loan is a loan that is secured against a valuable asset, such as your house. Secured personal loans are well suited for bad credit applicants, as your house provides a guarantee to the lender that they can recover their money; in the event that you renege on the loan, they have the power to force the sale of your home in order to settle the debt. As a result, your bad credit history is not so closely taken into consideration when your suitability for a secured personal loan is being assessed. This makes bad credit applicants more likely to be successful in securing affordable rates and flexible loan terms than on unsecured loan options, where a history of bad credit can result in the total loan cost being highly unaffordable.
Complete the form on this page to consider your secured personal loan options within the UK market. TotallyMoney will show you the best rates available for bad credit applicants, and will then have an independent expert call you to discuss your options in more detail. TotallyMoney will take the hassle out of your secured personal loan search, and provide free, no-obligation advice catered to your bad credit circumstances.