If you have bad credit, finding a loan is often a difficult task. At Sherlock Holmes we specialise in helping people with bad credit history – so if you need a bad credit loan, contact us for a free no-obligation quote today.
A bad credit home loan (or bad credit commercial loan for that matter) is a secured loan that is specifically designed for borrowers with poor credit history. The poor credit history can be both aged and current as we have products to suit all levels of impairment – even one day discharged bankrupts! You may be affected by a bad credit rating if you have previously defaulted on a loan, have a default or judgment against your name, have mortgage arrears or have failed to meet credit card payments, telco payments etc.
Bad credit loans typically carry less favourable interest rates but they can be very helpful in terms of improving your credit history as long as you make your repayments on time. At Sherlock Holmes we have bad credit loans starting as low as 5.00% – so depending on your circumstances, in many cases these loans are almost as competitive as the traditional banks. The key factor, which we cannot highlight enough, when it comes to securing a bad credit loan, is the circumstances and explanation surrounding the bad credit. This is crucial in securing a loan approval.
- Rates from as low as 5%
- Discharged Bankrupts OK
- Paid & Unpaid impairments considered
- Mortgage Arrears considered
Sherlock Holmes will analyse your specific circumstances and compare bad credit loans from our many different funding sources to try and find a deal that suits you best. As specialists in structuring and writing credit impaired loans, Sherlock Holmes has the expertise, experience and developed relationships with our funders to ensure you are getting the best advice and most suitable product for your specific requirements. A loan from Sherlock Holmes could be used to consolidate all your existing credit cards, store cards and unsecured loans, leaving you with just one convenient, manageable monthly repayment and even with some cash to spare for that rainy day.
We have loan products to suit people with excellent, good, fair, bad and extremely bad credit impairment levels. Our products are specifically designed to help people with poor credit, and as such we are often able to help you find a loan even if you have been declined by other lenders.