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Is It Possible To Get A Bad-Credit Loan For Home Improvements - CashCompare

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  Great numbers of us yearn to do certain things in our lives that may not be realistically possible unless we can get a quick cash injection from somewhere. It should hardly be a massive surprise, then, that a lot of people consider taking out a loan as a way to fund home improvement work, such as redecorating, remodelling, or even something as major as converting the loft or having a house extension built. However, if you have a less-than-immaculate credit history, you might be wondering whether you have any chance of obtaining a suitable loan to help pay for your desired home improvements. The short answer to the question we posed at the top of this article is: Yes, it could definitely be possible for you to be granted a loan for improvement work at your humble abode, even if you do have poor credit. However, there are certain important things to bear in mind. While it's possible, obtaining a loan with bad credit comes with its challenges and higher interest rates. I...
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How To Make Sure You Get A Loan That’s Genuinely Right For You – Cashcompare

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  As we have written about extensively in the past here on the CashCompare blog, there are various reasons why you might conceivably seek to take out a loan. A true “emergency” situation might have come up, such as a need to pay unexpected veterinary bills, or the car that you use for your daily commute failing to start on a morning and requiring repairs. Or you may be yearning to carry out certain home improvements, or to indulge in the escapism of an overseas holiday. But it’s one matter to get a loan, and it’s another matter to get the right loan. So, let’s take you through the essentials of ensuring the latter. Firstly… Is Applying for a Loan the Right Choice for You? This is, of course, a very big question in itself, and it is likely to hinge on a wide range of factors. Those include the specific reason you’re thinking about applying for a loan in the first place, as well as your credit score, and what your longer-term plans are. Not everyone has the luxury of ext...
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What Can You Do If No One Will Give You A Loan – Cashcompare

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  It’s the ultimate financial nightmare situation: you’ve applied for a loan, and perhaps several, but the only answer you’re getting is “no”. And now, you’re worrying not just about the financial issue that might have led you to apply for a short-term loan in the first place, but also your apparent inability to convince lenders that they should extend credit to you. Warning: High-interest rates on bad credit loans can lead to significant financial strain if not managed responsibly. For those who seek out loans, there are often alternative options, such as investing in a 0% credit card, borrowing from family and friends, and/or trying to have their bank overdraft extended. But let’s presume you’ve exhausted such obvious “alternatives” as the above. What are the next steps you should be taking after that latest loan application rejection? First of all… find out why lenders are turning you down (if you can) As a general rule, lenders don’t give unsuccessful applicants in...
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Should You Approach A Broker For A Bad-Credit Loan, Or Go To Lenders Directly - Cashcompare

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  Many of us can find ourselves in a situation in life in which taking out a loan might make a certain amount of sense. You may be thinking of seeking out a loan for the purposes of making longed-for home improvements or even your dream holiday or wedding possible. Or you might have found yourself in a financial squeeze in general, but know you will be able to repay a loan with funds you will imminently have coming in – if only you could get a lender to approve you for such an arrangement. Of course, here at CashCompare , we would always strongly emphasize the importance of you only seeking out a loan if you know you will definitely be able to repay it. Warning: Borrowing beyond your means can lead to serious financial problems. For free independent advice on managing debts, visit MoneyHelper (https://moneyhelper.org.uk) . So, in the event of this being the case for you, what would be the best course of action – going through lenders one by one, or using the services of a...
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