I get a lot of calls from people looking for loan consolidation whose credit is bad, or who have CCJs (County Court Judgements) against their name. What can you do if this is the case?
Well, you can try to erase or ameliorate these black marks. First you check what a company might find out about you, when they do a credit check. Go to Experian and Equifax. Order your credit report from BOTH sites, as there may be different entries in each. Make sure you give the same name and address as you normally have on your bills. If you moved recently (in the past two years), give your old address as well. You're dealing with a bureaucracy, and large computerised databases. They can only find what you tell them; if you give incorrect or incomplete information, you may not get the full picture.
You can also apply to the County Court to satisfy outstanding judgements against you, and have said satisfaction recorded in their records.  Ask about loan consolidation today!
Whether you have an A1 credit rating and simply require the best deal, or if you have less than an A1 credit rating our affiliate company can help, perhaps.
Special loan consolidation options are available if you have CCJ's, mortgage arrears or no proof of income. These can sometimes be only 1% or 2% above standard loan rates. It's amazing how lazy some people can be. They know they've got a bad credit rating, they know what they've got to do to improve it: settle up with creditors, and get on to Experian, Equifax and CallCredit, and make sure black marks are removed, or amended, but it just seems too much trouble. So instead they incur hundreds or thousands of pounds in extra interest and charges on their loan consolidation debt, all for want of a bit of bureaucratic persistence. Crazy! Before you get your loan consolidation, consider the best bit of financial advice I've ever read. It was by Scott Adams, the author of the 'Dilbert' cartoons. I paraphrase it, from memory, like this: He said that you need to buy a roof over your head, get health insurance, save up enough money for a year off work, pay off outstanding debts, and secure your children's education. After all that you can consider playing the stock market with what's left. Doing anything else mortgages your future. In order to give you their best loan consolidation, the company you apply to will need at least your: - Name;
- Address (with post code);
- Time at that address;
- Employment (how long in your current job);
- Amount you want to borrow;
- If you have a bank account (and how long you've had it).
You may have to get used to the idea of getting cold calls from other loan consolidation company for weeks or months afterwards. Try to stop this by telling the initial loan consolidation company "Please do not sell or pass my personal data on to other company. Thank you." Here's another tip: be wary of internet sites with names like Go4loan-consolidation.co.uk or Yourloan-consolidation.gb.uk. These sites are often the tertiary site of the real loan consolidation company; they might be a big name in the business, or they might be a few East London geezers chancing their arm in the loan consolidation leads game.
The site may have been set up by a big company to focus solely on loan consolidation, and get more internet 'traffic' from people looking for same, or it may just be a 'throwaway' site with no proper support, run by people who sell on your contact information. Loan consolidation Internet sites of this type won't be able to help you with unusual queries. Your information will be flogged on to three or more 'real' loan consolidation companys, with the result your phone will be ringing off the hook for the next two weeks with calls from eager salesmen, flicking through a database, and finding your name. |
