adverse credit example

about this adverse credit example

County court judgements and current or previous mortgage arrears account for most of the reasons why homeowners or mortgage payers are faced with an adverse credit situation.

However it is still possible to obtain a personal loan secured upon your property where monthly repayments will be higher yet should be affordable compared with persons without adverse credit taking out a personal loan.

Look at the following table.

comparison with or without adverse credit

Our lenders will look closely at not only the number of ccj's and or mortgage arrears but also the reasons why. The table below has taken the example given and offered a higher rate than the same married couple without adverse credit. It is a bit like car insurance as persons with adverse credit are considered a higher risk and so have to pay more. With time it is possible to redeem most cases of adverse credit and get straight again.

Table A with adverse credit (as example)

Table B without adverse credit

total cost of each loan

You can work out the total cost of each loan simply by multiplying the monthly repayments and the term as follows.

Table A - £ 10,000 costs £223.60 x 60 = £13,416.00

Table B - £ 10,000 costs £201.18 x 60 = £12,070.80

without obligation get an adverse credit loan

Take a look at our secure online homeowner application form. You can view it first without giving out any information whatsoever.

Upon receipt of your fully completed online application we will be able to put forward a proposal allowing for your adverse credit. We think you will want to go ahead with a secured homeowner personal loan.

Remember you are under no obligation and there is no pressure to proceed so you have little to lose by applying online. This takes anything from 20 minutes upwards depending on how much you have to tell us and because you are not required to apply by telephone there is no pressure. Use this link to go back to the adverse credit page.