Don't pay more than you have to on Bad credit homeowner loans
Over recent years the debt mountain and the level of bad debt in the UK have both risen sharply, and this has reflected the rising number of people that have managed to clock up a range of bad debts, affecting both their lifestyles and their credit rating. As most people know, the state of your credit can severely impact on your ability to get competitive rates on finance - and even on your ability to get finance at all. However, with more and more people with bad debts, lenders have had to fill the gap in the market by offering by offering loans for people with bad debt.
As a result of this the number of bad credit homeowner loans available in the UK has risen, with a range of lenders now offering finance to those with bad debts. However, borrowers with bad debts are considered a high risk to lenders, which means two things. Firstly the rate of interest charged on bad credit homeowner loans is likely to be significantly higher than on loans for those with bad credit. Secondly, most lenders that offer bad credit homeowner loans will only do so on a secured basis, which means that you will need to be a homeowner in order to qualify for one of these bad credit homeowner loans.
Although the interest rates on bad credit homeowner loans are higher than on standard or best rate advertised loans, there are still some competitive deals available. However, it is easy for someone with bad debts who is keen to take out finance for whatever reason to get duped by a seemingly attractive rate of interest only to find that there are various hidden fees and charges that bump up the cost of borrowing. It is important to know what to look for with bad credit homeowner loans as you need to find a loan that is affordable - remember, with homeowner loans failure to keep up with repayments can result in you losing your home.
Rather than trawling through various lenders that offer bad credit homeowner loans, filling in numerous applications forms, and then taking the risk of ending up with a poor value loan, it is a good ideal to enlist the help of experts when looking for bad credit homeowner loans. Here are Loans4 we have experience and skill when it comes to finding competitive rates on bad credit homeowner loans, and although you won't be eligible for the best rates on the market you can enjoy the benefit of a competitive rate based on your circumstances.
Our expert team has plenty of experience when it comes to sourcing a range of lenders that offer bad credit homeowner loans, and with access to a wide panel of reputable lenders we can ensure that you don't have to pay way over the odds for the privilege of being able to take out a loan. When you take out bad credit homeowner loans you will also be able to work on repairing your credit, and although this can take some time, providing you keep up with repayments on your loan, you could switch to a better rate loan a few years down the line as your credit improves, aiming of course to qualify for best rate loans in 5 to 10years time.
If you want to save yourself the time, hassle, and frustration of looking for a bad debt loan to suit your needs all you need to do is provide us with some basic details using the online facility provided. We will then source our range of great value bad credit homeowner loans to find the one that best meets your needs and circumstances. Our speed and efficiency means that you won't have to wait around, and we will get your loan processed and completed quickly for you.
A major report is expected this week to say the UK's shale gas and oil industry could create tens of billions of pounds worth of opportunities within the supply chain, creating jobs and prosperity for the UK as a whole with the knock-on effects being felt further afield than just areas of drilling.
The report will also highlight that the country currently lacks the equipment and skilled workers needed to support fracking, presenting a potential obstacle to the expansion of shale development, and goes on to say firms must start equipping themselves to ensure they capitalise on the potential for tens of thousands of jobs the industry could create. A report by the Institute of Directors, commissioned by fracking firm Cuadrilla, also highlighted a lack of skilled labour as an obstacle, highlighting that there is already a skills shortage in the North Sea off-shore oil and gas industry.
An independent report by consultants Amec last year suggested that up to 32,000 jobs could be created through fracking in new areas being offered to companies this year – implying a maximum of 64,000 jobs once those areas also under licence are included.
The publication of a separate report mapping billions of barrels of shale oil that lie beneath the south of England has now been delayed until at least late May. Energy minister Michael Fallon, had promised the report would be published “by spring” this year. It will now not be released until after the European elections on May 22nd to prevent significant or contentious announcements being made in the run-up to polling day.
Mr Fallon has described the southern region as “the second great belt of shale” after Bowland in the North, where the BGS reported there could be enough gas to fuel the UK for more than 40 years.
The British Geological Survey (BGS) has been studying the shale potential in Jurassic formations in the southern regions of the Weald and Wessex basins, which span the Home Counties.
The BGS report is likely to be very controversial because of strong local opposition in parts of the Tory heartlands to potential drilling. Attempts to drill for oil in Balcombe last summer by fracking firm Cuadrilla led to months of protests, with a £4m policing bill. more ....