Finding credit cards for poor or bad credit isn’t hard, what is usually difficult for the average consumer is if you are rebuilding your credit, getting that credit score back to its glory days. Through our comprehensive assessment process, we’ll endeavor to find the finance solution that best matches your goals with your circumstances – even if your credit history isn’t perfect. Your goal is to convince lenders that despite your poor credit history, you are now financially prepared to handle a mortgage.

Even though official data for major banks indicates non-performing loans are only about 1.5 percent of the total, bank stocks are being priced as if all their equity will be required to cover loan losses. To qualify with a bad credit lender, your property must undergo a strict appraisal and be rated average-to-good before you can be approved for a mortgage.

These checks let a lender know whether a person has missed credit card payments, had county court judgments (CCJs) for non-payment of bills or debts (including credit cards) or been declared bankrupt. It’s very cost-effective and will help you pump up your credit score because it reports to all three major credit bureaus. That said, you may want to keep your old cards active to maintain a healthy utilization rate. Short-term cash loans are somewhat expensive when compared with other loan products. The MasterCard Secured Card is a great way to help you get your credit history back on track.

You should be aware, though, that the best deals will only be available to customers that the lender judges to have the best credit scores. If you are looking for a way to consolidate your debts a debt consolidation loan is an option you could look into, however if you have a poor credit history then you might struggle to find a cheap debt consolidation loan. If you have poor credit history lenders will consider you a higher risk and therefore the loans you are likely to be eligible for will probably have a high level of interest. Once you’re approved, you’ll be able to walk into any dealership and negotiate for the car you need with confidence! Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which receives compensation.

Bad credit loans are designed for people who are looking for a loan but have a poor credit history. The Barclaycard Arrival Plus World Elite MasterCard® is great for consumers with good to excellent credit who want to pile up travel rewards fast. Overextended credit cards: If you miss payments or exceed your limit, that’s a red flag to lenders. Lenders will at their discretion perform credit checks with the three credit reporting bureaus: Experian, Equifax or Trans Union. There may be a link between bad credit ratings and making large (false) claims on a home or apartment. Get a boat loan from Aussie Boat Loans and be on the water quicker than you know it!

By Kay