Services

Unsecured loans

• Unsecured loans are many people’s first choice for consolidating debts however they are often the most difficult type of loan to get.
• Unsecured loans represent the highest risk of lending for creditors; there is no security in the agreement and it is time consuming and expensive for them to recover the money if things go wrong.
• In order to get an unsecured loan you will need to have a clean credit reference file, be able to provide address information for 3 years and employment history for 12 months. You must be permanently employed and be able to prove you can afford the payments including the payments to all other credit you already have.
• The law limits unsecured loans at £25,000 but for tenants they are very unlikely to be much more than £10,000.
• If you have had ANY problems with going over limits, making missed or even late payments your credit reference file will reflect those problems as adverse information and it is almost certain that your application will be turned down by the lenders.

If you feel that you would qualify for a unsecured loan, please contact us and Find That Loan will check your situation with a view to placing your application with the best lender for you.


Secured loans

• Secured loans are similar to mortgages: they are secured on your property and your home is at risk if you do not keep up the repayments you have agreed.
• If your current mortgage carries a redemption penalty which would make a re-mortgage unrealistically expensive a secured loan may be an alternative solution.
• If your mortgage is on a particularly good rate which you would lose because of problems with recent adverse credit problems if you re-mortgaged then a secured loan can be a simple way to release money from your house.
• If your credit rating has become poor through problems with your unsecured debts it may be possible to raise a loan by offering your home as security. However a credit check will still be undertaken and serious adverse credit information or missed mortgage payments will affect you ability to get a secured loan.

If a secured loan is your preferred option to resolve your debt problems then Find That Loan will be glad to put you in touch with a one of our many specialist secured loan brokerages.


Remortgage

• If you own your own home and have sufficient equity in your property, it may be possible for you to release some or all of the equity to settle you unsecured debts.
• In most cases, it is possible to raise 85% or even 90% of the value of your property. There are a large number of lenders involved in the remortgage industry and as such, lenders are constantly competing with each other to offer the best deals. It may be possible to remortgage your property at a better rate than your existing mortgage.
• Any adverse credit information will be taken into consideration. Remortgages become less likely if you have serious arrears with your existing mortgage or any other existing loans secured on the property. 

If a remortgage is your preferred option to resolve your debt problems then Find That Loan will be glad to put you in touch with a specialist mortgage broker in your area.

If for ANY reason you are unable to get a loan our help does not stop there as other options may be able to you in order for you to resolve your debt problem.
Should this be the case, with your permission, we will contact our sister company who will discuss other ways of resolving your problem.