Bad Credit Lending Tips
1 view
Skip to first unread message
James Copper
Apr 26, 2013, 1:00:04 PM4/26/13
to publish-the...@googlegroups.com
*****************************************************************
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
James Copper
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=140687
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=140687
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Bad Credit Lending Tips
Author: James Copper
Word Count: 523
Article URL: http://www.isnare.com/?aid=140687&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=140687
Easy Publish Tool: http://www.isnare.com/html.php?aid=140687
*********************** ARTICLE START ***********************
Having a bad credit score can really hinder a persons ability to get an extension of credit. Lenders rely heavily upon a persons credit rating to determine eligibility for a loan.
Bad credit lending is designed to help people rebuild their credit, get the money they need and be able to restore their credit rating so they can qualify for amore traditional loan in the future.
Having bad credit does not mean you can not borrow money. It may seem like it when you start out looking for lenders. The many nos you will hear can be discouraging. However, if you know where to look it can help turn a no into a yes.
Bad credit lenders understand that at some point you had to have a good credit rating because you were extended credit. They also understand that rebuilding your credit is something you have to do and they want to help. They assume the risk other lenders will not.
A person with a bad credit rating is considered a risk because they have a track record that shows they do not fulfill credit obligations. Lenders do not want to lose out on money so they would rather not lend to those with adverse credit. Bad credit lenders, however, assume that risk by charging high interest rates so they are making some profit from the start.
For a person to find a finance source it will take more than simply shopping around. They should try something different. Credit cards and bank loans are nearly impossible to get without some type of good credit.
They are not the best places to start. There are some credit cards designed for bad credit but they usually involve high fees and a very low credit limit to begin with. Unless a person is simply looking to build credit these are not a good choice.
Other places to try are web based lenders or sub prime lenders who specialize in helping people with bad credit. These are usually the best bet if a person needs a loan and also wants to build credit.
In recent years a number of these niche lenders have emerged as the number of people with an adverse credit history increases. Also high street lenders are now starting to relax their lending criteria in order to corner this profitable sub prime market.
A search online can produce many good possibilities. It is wise, however, to review all terms and conditions carefully. This includes reading all the paperwork and small print. Bad credit lending is not cheap but some lenders are really out to make money and not help at all.
Bad credit lending is out there, but it is costly. Once a person has damaged their credit it is going to take time and money to rebuild it. The god thing, though, is once a person starts establishing credit again they can begin to look at traditional lenders and take their bad credit loan and refinance to get rid of the extreme costs.
About The Author: James Copper is a mortgage broker with over 30 years experience. He works for Any Loans - http://www.any-loans.co.uk/no-credit-check-loans.shtml as a no credit check loans advisor. In his spare time he writes on all things finance and investment related.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=140687
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
James Copper
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=140687
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=140687
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Bad Credit Lending Tips
Author: James Copper
Word Count: 523
Article URL: http://www.isnare.com/?aid=140687&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=140687
Easy Publish Tool: http://www.isnare.com/html.php?aid=140687
*********************** ARTICLE START ***********************
Having a bad credit score can really hinder a persons ability to get an extension of credit. Lenders rely heavily upon a persons credit rating to determine eligibility for a loan.
Bad credit lending is designed to help people rebuild their credit, get the money they need and be able to restore their credit rating so they can qualify for amore traditional loan in the future.
Having bad credit does not mean you can not borrow money. It may seem like it when you start out looking for lenders. The many nos you will hear can be discouraging. However, if you know where to look it can help turn a no into a yes.
Bad credit lenders understand that at some point you had to have a good credit rating because you were extended credit. They also understand that rebuilding your credit is something you have to do and they want to help. They assume the risk other lenders will not.
A person with a bad credit rating is considered a risk because they have a track record that shows they do not fulfill credit obligations. Lenders do not want to lose out on money so they would rather not lend to those with adverse credit. Bad credit lenders, however, assume that risk by charging high interest rates so they are making some profit from the start.
For a person to find a finance source it will take more than simply shopping around. They should try something different. Credit cards and bank loans are nearly impossible to get without some type of good credit.
They are not the best places to start. There are some credit cards designed for bad credit but they usually involve high fees and a very low credit limit to begin with. Unless a person is simply looking to build credit these are not a good choice.
Other places to try are web based lenders or sub prime lenders who specialize in helping people with bad credit. These are usually the best bet if a person needs a loan and also wants to build credit.
In recent years a number of these niche lenders have emerged as the number of people with an adverse credit history increases. Also high street lenders are now starting to relax their lending criteria in order to corner this profitable sub prime market.
A search online can produce many good possibilities. It is wise, however, to review all terms and conditions carefully. This includes reading all the paperwork and small print. Bad credit lending is not cheap but some lenders are really out to make money and not help at all.
Bad credit lending is out there, but it is costly. Once a person has damaged their credit it is going to take time and money to rebuild it. The god thing, though, is once a person starts establishing credit again they can begin to look at traditional lenders and take their bad credit loan and refinance to get rid of the extreme costs.
About The Author: James Copper is a mortgage broker with over 30 years experience. He works for Any Loans - http://www.any-loans.co.uk/no-credit-check-loans.shtml as a no credit check loans advisor. In his spare time he writes on all things finance and investment related.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=140687
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Reply all
Reply to author
Forward
0 new messages