Bad Credit Loans

Are there any upfront fees?

You will not be charged you any fees up front for processing your loan. Any fees are added to the loan and paid on completion from the loan proceeds. If the loan does not complete you are not charged a fee.

Can I pay my secured loan off early?

Yes you can repay the loan early. Willows have a panel of lenders that we use in order to find the most suitable product for your circumstances. You have the right to repay early with ALL of our lenders. A typical early settlement charge is 2 months notice. However it is important to note that these vary between lenders and we will explain and confirm in writing on the credit agreement any early settlement penalties.

How long will it take for my secured loan to complete?

Willows Finance will process your loan as quickly as possible to ensure you get the funds through in the shortest time possible. From your initial enquiry we aim to get back to you with a decision within an hour. When you decide to proceed we will issue your loan documents the same day. If you return those to us as quickly as possible we can complete your loan within two – three weeks.

What interest rate can I get?

This will depend on a number of different factors such as the amount you are borrowing, your credit profile and the equity in your property. Our typical APR is shown at the bottom of this page.

What can I use the loan for?

Loans can be used for any legal purpose. Its important to let us know the reason for the loan at the beginning of the enquiry as it will help us to ensure we find the right product for you.

Bad credit loans

Bad credit loans - affordable loan options, even if you've been declined elsewhere

For many of us in the UK, a poor credit history is a tricky fact of life. At Willows Finance we understand just how frustrating and tough it can be to source finance when your credit history isn't spotless. We also know that secured loans can be a financial lifeline for those in need of extra finance – whether it's to consolidate existing debts, to renovate your property or anything in between.

Whether you have had a few blips in your financial history, or have a credit report which highlights a more significant issue, don't worry, we have lenders who offer secured homeowner loans to customers with a poor credit history.

  • Borrow £5,000 - £2.5m
  • Source finance with a poor credit history – even if you have been refused in the past
  • Turn outstanding debts into a single, simple loan
  • Find breathing room with more affordable monthly repayments

We arrange secured loans from a panel of lenders. We offer second charge regulated mortgage contracts for business or personal use. You should be aware that there may be other finance options available to you such as a remortgage, a further advance with your first charge lender, or an unsecured loan. You should seek independent advice before making a decision.

The loans we arrange are secured against your property. This means that, unlike unsecured credit, if you don’t keep up the repayments on the loan your property could be at risk of repossession. And like with most other types of credit, you could be charged arrears fees, which increases the cost of your loan, and your credit rating could be affected.

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Why Choose Willows Finance?

In cases where many companies can't, Willows Finance are able to offer secured loans. Bad credit needn't be the end of the world. If you have struggled to source a homeowner loan in the past, our helpful team may be able to offer you a solution. 

  • No upfront fees
  • No call centres
  • No fuss
  • No pressure
  • Just a clear, helpful service – whatever your position

Why Should I Use Secured Loans If I Have Bad Credit?

Every loan-seeker is different, and there is a wide range of reasons why clients come to us with bad credit. Home loans are used for a variety of purposes; some clients are looking to use a secured loan to consolidate their existing debts, others require finance to make urgent repairs to their home. Whatever your reason – Willows Finance could help, even if you have struggled to find a loan elsewhere due to bad credit.

Secured loans are an effective way to borrow, whilst keeping your money manageable. Repaid in manageable payments which fit your budget, homeowner secured loans are secured against your property and offer a workable way to source significant finance.

When consolidating credit to reduce your monthly outgoings, you should be aware that it may take you longer to pay off your debt. Depending on the interest rates and balances of the credit you are consolidating, you may also pay back more over the longer term. You should think carefuly before taking a secured loan against your property.Your home maybe respossed if you do not keep up repayments on the secured loan.

You can learn more about using secured homeowner loans (bad credit or no bad credit) by contacting our experienced team on 01656 766 158. Alternatively, to get started with your loan, submit our quick enquiry form now. A Willows Finance expert will be in touch with your options shortly.

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