AllClear Finance specialise in helping people who have been refused a loan because of bad credit or a ccj or are looking for debt help. UK Loans only. Advice and help includes remortgages, mortgages, secured loans, unsecured loans, debt consolidation loans, debt management, IVA, Trust deed or bankruptcy.
Typical Loan Example : £10000 x 60 Months = £208.11/month. Total £12,486.60 APR 9.5% Variable.
Written quotations available on request. Other terms and amounts available. Special plans on different terms for clients with CCJ's, arrears, and for the self employed without income proof (fees may apply but only on problem cases - max 10% - no loan, no fee) All loans subject to status in the UK to home owners aged 18 and over and may be secured on property.
By submitting this application I/We agree that: You may provide details of this application, if appropriate, to brokers, lending companies or debt management services, you feel best suited to fulfil my/our requirements, and that they may contact me/us for further information as required. A lender may use the information held by credit reference agencies in support of our application and you may hold the information given in this application on computer for as long as it takes to complete the loan. If you do not agree to these terms please do not submit.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER
LOAN SECURED ON IT.
Definitions of key loan terms:
Bad Credit CCJ'S Debt Consolidation Debt Management Mortgage Remortgage Secured Loans Unsecured Loans
Bad Credit:
A term used to describe a poor credit rating from the credit reporting agencies (i.e. Experian or Equifax). Common practices that can damage a credit rating include making late payments, missing payments, exceeding card limits, entering into an IVA or declaring bankruptcy. "Bad Credit" can result in being denied credit.
CCJ:
A CCJ or County Court Judgement is a judgement in the county court for the repayment of an outstanding debt. This debt does not appear in the credit register if this debt is settled within 30 days of the date of the judgement. Very few lenders are willing to offer loans to anyone with an outstanding or unsettled judgement, and even if the judgement has been settled many lenders are likely to refuse a mortgage or other credit application. Lenders will normally insist that such CCJ's are satisfied or have been satisfied for some time before a mortgage will be granted.
Debt Consolidation:
The combining and repayment of several debts by borrowing the amount owed through one new debt. It is often possible to reduce interest charges or monthly outgoings by doing this. Often savings are made by converting unsecured debts to secured debts. This however puts the asset used as security at risk if payments are not maintained in full. Interest rates on secured loans are often lower than for unsecured loans because there is a lower risk of non-payment to the lender.
Debt Management:
An informal process of negotiation with unsecured creditors to obtain a reduction in the contractual repayment and / or a reduction in the interest / charges being levied by the creditor. The negotiation process involves providing proof to the creditor that the individual has insufficient income to meet all their contractual liabilities.
Mortgage:
A type of secured loan
Remortgage:
A secured loan taken to repay an existing mortgage but can also be used to raise additional funds in excess of the original debt.
Secured Loans:
A loan where the creditor holds security such as a mortgage or charge over a persons assets for monies owed. Failure to repay the debt can lead to the property being repossessed / sold.
Unsecured Loans:
A loan where the creditor holds no specific security over a specific asset for the monies owed. |
