Finding credit when your credit score is less than perfect.
It’s a fact of life that sometimes things happen that send us into a financial spiral. From relationship break ups, to vet bills and job loss, you never really know what’s around the corner. Which is why it seems particularly harsh that these problems are reflected in a credit score. Lost your job and couldn’t pay the mortgage for a couple of months until you got a new one? Had to pay moving costs and missed some credit card payments? Both of these end up on your credit score long after you’ve rectified the situation, made the payments and set things right.
Bad credit doesn’t mean bad borrower
Bad credit loans are an option for anyone who has had a few mishaps and found themselves in that uncomfortable category of having ‘a less than perfect credit score.’ Many lenders are now savvy enough to recognise that having bad credit doesn’t actually make you a bad borrower. It’s just a life event that many of us go through. That’s why bad credit loans have been created – to provide options for anyone without great credit.
Bad credit loan options
If you do find yourself with a bad credit score then there are a number of lending options to consider:
Bad credit isn’t permanent
It can feel like quite a damning judgment to find out that you have a bad credit score – and it can be very disappointing when that closes doors. However, it’s not a permanent state of affairs – credit scores can change very quickly. If you’re looking to improve bad credit then there are some simple steps you can take: