Post Brexit, borrowing from Main Street Lenders in the UK is no longer a piece of cake. You need to have a really good credit rating besides a reliable length of credit history. A lot of lenders look for your past debt burden and refuse to grant a mortgage with unpaid student loan debt.
While it is well known that parallel loan providers in the FinTech industry offer more customer friendly loans at better price, presence of unscrupulous lenders cannot be denied at the same time. You need to be thus equipped with right guidance and support from a professional broker before you search for additional loans.
Contacting an authorised loan broker, you can get access to tailored loans around you. Being responsible loan advisors, they assess your situation and share loans according to your repayment capacity. They introduce deals from experienced loan providers and ensure safety and security for you.
5 borrowing fears a loan broker can help you win:
Bad credit score
Borrowing with poor score is as difficult as writing with a wounded thumb. On one hand you would find it difficult to find a deal and on the other hand you would need to put in additional amount as an interest amount to get the loan. In both ways it would hurt you as in the case of writing with hand injury. Herein using a loan broker’s service helps you release your concerns to a great extent.
The broker would help you find a tailored deal without any hassles. You can compare and choose the one, despite poor score. Brokers are better negotiators and thus would help you find a cheaper deal.
With poor score or bad credit history it is not viable to get a support of a loan broker always. During such pressing times, a broker can help you find a loan without a grantor. You need not lose your heart when no one comes to your rescue as a loan grantor. A loan broker can conveniently help you search no guarantor loans.
Likewise, you do not need collateral to find a bad credit loan in the UK. Whether you need an instant cash advance or a short-term loan, a broker can help you find an affordable loan without any delay. They can help you find flexible personal loans according to your repayment capacity.
No Credit Check
With poor credit score, as your loan application gets rejected; it hurts your score further. Similarly, multiple loan queries to several lenders affect your credit health. So, going directly to a lender could be a tedious task which may eventually dither your score. Herein, using loan broker’s consultation helps you stay afloat at more ease. Brokers raise multiple soft queries with various lenders. All available deals are directly matched with your profile and thus there are no fears of loan rejections owing to credit check. So, there are no credit check fears when you use a loan broker’s consultation.
Instant Decision No Upfront Fees
Most FCA authorised loan brokers extend free loan consultation to the borrowers. You need not worry about shelling out additional amount to get the tailored deal. Besides, most brokers employ latest tools to swiftly match your application with the best available deals. You can make instant decision without paying upfront fees.
All in all, a loan broker helps you stay informed and make a powerful decision to meet your financial obligations and stay afloat all along.