Bad Credit Motorbike Finance Available At Superbike Loans
Whether you’re a homeowner or tenant, have been declined elsewhere, have previous mortgage arrears, County Court Judgements (CCJ’s), defaults, missed payments, been bankrupt or experienced other financial problems, fortunately there are some lenders who deal sympathetically with loan applicants who have a bad credit history.
Discovering that you have a poor credit score can be a shock – but it’s not the end of the world. There are many reasons why it can happen – you may have a County Court Judgement (CCJ) for defaulting on a loan or credit agreement, or simply missed unsecured poor credit loans a payment on an existing loan, for example. You may also have a poor credit score if you have never borrowed any money at all and have no credit cards. This means that lenders can’t find any record of repayment history to base their decision on.
Instead, the risk with bad credit car loans is twofold: first it’s with the car buyers. If they’ve been sold finance which they either do not understand or cannot afford in the long-run, they may risk defaulting on the load. Falling behind on payments could lead to the car being repossessed, will hurt your credit score further and could lead to you being declined finance altogether.
If you had the wind knocked out of your credit scores due to financial problems, or because you’re struggling to build credit for the first time , it can be difficult to get a loan. Additionally, with recent changes to credit reports ,Â it’s important that you understand what factors affect your credit and how to build it. You might be surprised that you have more options than you think. I’ll give you 5 ways to find a good loan even with bad credit.
does not make credit decisions, and is not a lender. Lolly matches customer’s loan applications with lenders in our database based on information you provide. Lolly may recieve commissions from the lenders we work with. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only. Loans for UK based customers only.