When applying for a loan, many borrowers find their financial history under scrutiny. This is because most lenders look carefully at a borrower's credit history in order to determine whether or not they are a good candidate for a loan. Because of this, borrowers with a few financial mistakes are often barred from the loans they need to make ends meet and improve their lives. For these borrowers, it is time to consider a bad credit loan.
What is a Bad Credit Loan?
Bad credit loans are offered to borrowers with less than perfect financial histories. Since these borrowers usually struggle to get approved for traditional loans, these loans are catered to look more at a borrower's monthly income rather than any credit rating. This way, borrowers who are overlooked for other loans may be able to secure the approval they need to get a loan based on their earning potential, not their credit past.
Fresh River Finance is proud to work with lenders to provide all borrowers with bad credit loans. Our financial experts have worked hard to find lenders who will give borrowers a second chance, successfully providing funds for countless individuals in need of extra cash. Because of this, borrowers with damaged credit can trust Fresh River Finance to understand their needs and to help them succeed, regardless of their past.
Features of a Bad Credit Loan
Bad credit loans from Fresh River Finance provide the following
- Flexible financing terms
- Fixed interest rate
- Monthly repayments are fixed
- Costs are known in advance
- The finance is secured against the equipment, allowing lower interest rates
Want to know more?
If you have any questions or would like to know more about a Bad Credit Loan, please complete our friendly enquiry form and one of our finance consultants will contact you shortly.
Give a call now on 0800 55 44 24