Bad Credit Secured Loans – Adverse History

If you’ve ended up with some bad credit, getting a loan is going to be more difficult, but not impossible.  Frequent Finance can help.

  • Massive choice – over 600 plans available
  • Rates from 3.84%
  • Term from 1 to 25 years
  • Near prime, light adverse and heavy adverse all accepted
  • Flexible loan to value requirements
  • Ideal for home improvements, debt consolidation, car purchase or purchase another property
  • Self Employed, Employed and even retired!
  • Helpful and efficient service
  • Details of your home

  • About You

Questions and answers.

Can I get a secured loan if I have little or no income?  No! You must easily be able to afford the repayments.

Can the term of the secured loan be matched to my existing mortgage?  Yes, with many lenders this is possible

Can my state benefit/pension income be used as proof of income?  Likely Yes.

Can I get a secured loan if I am self employed?  Yes, we have lenders that accept proof of income from the self employed

Can I get a secured loan if I have dividend income from my limited company?  Yes, in most cases this is no problems

Will the lenders ask to see my bank statements?  Likely yes.

Bad credit Secured Loan Lenders

Many lenders that offer 2nd mortgages or 2nd charge secured loans are the same lenders that offer mortgages.  Many of these lenders exist because people that have really good 1st charge mortgages are fools to pay them off with a remortgage.  If you are a person that is lucky enough to have a mortgage from around 2005 or 2006 that’s some sort of tracker rate, now bank base rates are so low, your payments would be very low.  There is no case to pay this mortgage back especially if your lucky enough to have one that’s interest only.

All secured loan lenders have to ask the 1st charge lender for permission to put the 2nd charge on the property, but this is usually acceptable.