Poor Credit Secured Loan from Promise Solutions

We learned today that Promise Solutions have come to the market with a new Secured Loan product aimed at those homeowners with with poorer credit records. The features of this new Secured Loan products are:

• Up to 75% LTV for loans up to £10,000
• Up to 70% LTV for loans up to £15,000
• Residential, Commercial or Council houses all accepted
• Self Employed accepted too - even those without accounts or accountant's reference
• Any amount of CCJs, Defaults or Unsecured Arrears allowed
• Benefit income accepted
• Any amount of mortgage arrears accepted as long as you have made 4 of the last 6 payments
• Get an even lower rate if you have made all of the last 6 months mortgage payments

Any new product has to be welcomed to the market but this one is particularly good as it opens up borrowing options to a whole new swathe of Borrowers. It's no secret that the recession and economic climate has seen a large increase in the number of people with arrears and defaults but this new Secured Loan gives them a chance to not just borrow but also build their credit record. As always at Choice Loans we strive to keep you up to date with the latest products in the market and make sure they are available to you. If you think this Secured Loan product or another may suit you then do either fill in the application form on our Secured Loan page here or give our Broker team a call on 0845 1260350 to see what they can do for you.