If you have a poor credit rating, it can often be difficult to get secured finance that suits your requirements.

However, there are many secured lenders that will consider loans, even if you:

• Have CCJs.
• Are self-employed, or can’t prove your income.
• Have a poor credit rating.
• Need a flexible repayment plan.

While unsecure and secure loans are available, if you have poor credit, a secured loan is the easier option. Unsecured loans are based solely on your credit rating, so very few lenders will provide finance if there is no collateral and if your credit rating is not excellent.

Fortunately, there are many secured lenders to consider, and to speed up the process of finding secured finance you can visit a loan comparison site.

While going to a single loan company will allow you to compare the loans they offer, possibly none of their options may meet your needs. Choosing to work with a comparison site takes the leg-work out of the research process and also means you will be able to compare hundreds of secure loans.

Other advantages of using a comparison site when searching for secured finance can include:

• No obligation quotes.
• Flexible repayment options.
• Loans tailor-made for you.
• Fast response.

Even if you have poor credit, secured loans are available for any purpose, from home improvements to debt consolidation.

A secure loan is one that is pledged against the borrower’s assets (usually their home). If you have poor credit, secured loans are a great way to access cash for any purpose.

Secured lenders will often process your loan application as quickly as possible. To ensure that this can be done easily and without delay, you should have any paperwork you need at hand before filling in your application.

By: Gordon Parkes