Credit Problems

Ocean Finance have a wide range of any purpose loans to suit your individual requirements

Low Cost Cheap Loans Loans For Almost Any Purpose Home Improvements A New Car That Special Holiday A New Kitchen Debt Consolidation Any Reasonable Purpose

 

Credit Problems?

There are many reasons why you might have a bad credit rating but, in the majority of cases this means:

• You have been turned down for credit by your bank or building society
• Your existing credit is in arrears or you have missed repayments on your loans or mortgag

An Ocean Bad Credit Loan Could Help If:

• You have an adverse or a bad credit history
• You have current or past mortgage arrears
• You have had County Court Judgements (CCJ’s) registered against you
• You are behind with the repayments on your other credit (Debt Consolidation)

What is a Credit Rating?

When you take out credit from a bank or other financial institution they will keep a record of how your account with them is conducted with a credit reference agency.  This information forms your credit file and, if you miss payments or you get into arrears this will be recorded.

Most financial institutions will look at your credit file before granting further finance; if your file shows that you have not kept up with your repayments or your credit is in arrears they may refuse to lend to you.

The more payments you miss or the further your credit falls into arrears the lower your credit rating will become and the more difficult you will find it to obtain credit.

At Ocean Finance we understand that not everyone has a perfect credit rating and we specialise in helping people in just these types of circumstances with our large range of bad credit loans.

Home Improvement Loan		Car Finance Loan		Need A Holiday?		Consolidate Your Debts

Homeowner Loans Secured On Your Home

With an any-purpose UK homeowner loan from Ocean Finance, you can pay off all your existing credit cards, overdrafts and unsecured loans and replace them with just one manageable monthly repayment. Alternatively you could splash out on a dream holiday, a new car or improvements for your home. Please bear in mind by consolidating debts with a homeowner loan, could increase the amount of interest you pay overall.