If you are considering applying for a secured loan or are looking to remortgage your home and believe that you could be refused because of your poor credit history then don’t worry as there are options open to you. A specialised broker, like Newleaf Finance, may be able to help you! A lot of people are in the same situation as you and when it comes to applying for a loan or remortgage, a poor credit history may be better than no credit history!

Research from Experian, the global information solutions company, (Finance Markets, 08/08/07) has shown that a consumer without credit history may encounter difficulties due to the fact that lenders have nothing on which to base their decision.

Experian commented that the amount of people opting not to register on the electoral roll is also an obstruction - this is the most important method of assessing a person’s reliability. Sometimes, it can be better to have bad credit, than no credit history!

Lenders do like a registered financial background and it can be difficult to get started if you have just turned 18 or moved to the UK from abroad, Experian added.

In spite of the above, according to money charity Credit Action (01/10/07), the UK has picked up £1.3 billion in personal debt, an increase of 9.9% from the previous year.

Analyst Datamonitor (Credit Action, 01/10/07) said that the number of borrowers blacklisted by mainstream lenders in the UK will increase from 7 million to 8.6 million over the next four years.

More and more people every month choose to consolidate their loans and credit card debts using Newleaffinance, Loan & Remortgage Broker, even with problems like no credit history or a bad credit report.

Whether it’s because monthly outgoings are greater than monthly income, or you’ve simply overspent your way into difficulty, and even if you’ve had recent credit problems or CCJs, Newleaffinance may well be the solution for you. And you are not alone. From our experience, many people have run into difficulty recently getting their loan from their high street bank.

Newleaffinance helps customers, in all kinds of situations, successfully manage their debt, and get that fresh start! Even if you are in an IVA we could still help, with a consolidation loan or remortgage. If you are considering consulting a debt management company, an alternative could be to call Newleaffinance today. We can help you manage your debt without the unnecessary long term stigma that an IVA could leave you with.

Contact us today on 0800 281 370 or apply online now, for either, a secured personal loan or remortgage.