Unsecured Bad Credit Loans in Colchester

Having bad credit history in Colchester may mean you can only get unsecured loans with high interest rates. This can be a result of having defaults, constant late payments, CCJ’s or defaults. It is easier to get bad credit history than it is to have good credit. Some things which would give you bad credit history are things like:

• Failing to pay off credit cards in full every month

• Continually missing repayments

• Frequently overdue bill payments

But there are also things you can do to steer clear of getting a bad credit history, such as fulfilling financial obligations and contracts (otherwise it might be reported to credit reference companies) and keeping an eye out on your account for identity theft. Another thing which could affect your credit history is by switching jobs or addresses too often in Colchester.

In some cases if you have bad credit, you may even be required to have a guarantor who owns their own home in Colchester for you to get a low rate loan. It is possible to improve your bad credit rating, by always keeping up with repayments in Colchester. You can also still apply for a low rate loan, however the sum will be lower and the rates higher than a standard loan. Naturally when something you do involves a large amount of money, you should take the time to research for something which will suit your preferences, and give you the best package. At low rate loans we can give you knowledge and tips on how to choose the best for what you need in Colchester.

The internet can offer you access to quite a few companies with packages and information and facts about loans. At low rate loans we can offer you information, help and advice about which loan is best for you.