Bad Credit and Declined Loans

Record numbers of consumers are being declined for loans. Some people simply do not know where to apply for a loan.

The important issue when applying for loans is - are you a homeowner or a tenant?

Either answer is fine - you will just have more options if you are a homeowner. Being a homeowner looking for a loan means you have access to unsecured and secured loans. Unsecured loans are more difficult to be approved for than a secured loan - so if you have bad credit then you may want to increase your chances by applying for a secured loan.

Being a tenant means you are limited where you can apply - although there are still options available. You cannot apply for a secured loan because you do not own a home to secure the loan on.

Homeowner or Tenant - Loan Machine will search the UK Market for you. If you still cannot get a loan once you have applied and you are severely struggling with your unsecured credit payments then you may want to look at our partner site www.iva-machine.co.uk