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It is an unfortunate reality that for one reason or another many people find themselves bankrupt or with some sort of default on their credit reference listing. However there is now an ever growing range of products for such situations (see Non-Conforming Lenders).

Different lenders have different strengths and tolerances for different credit issues. We strongly recommend you sit and explain your situation to a Creative Finance consultant who will prove invaluable in matching you to the right lender in this regard.

Some Important Points of Note regarding Credit Impairment

• If your credit reference listing is minor (eg phone bill accidentally left unpaid but since rectified) or it is with a known problem provider (eg One Tel) many lenders will disregard it entirely and you can apply for standard loan rates.
  
  
• A large percentage of credit listings are made without following due process and as such are incorrect. If the loan you need is large enough and/or you are likely to have more borrowing needs in the near future it my be worth the cost of seeing a legal specialist in having such offences removed. By then being able to borrow at standard rates you may quickly save in interest the legal cost of having it done.