Life is all about the challenges and if it is related to the financial life, it becomes more challenging. The CCJ (County Court Judgement) is one of the most complicated situations in a borrower’s life, as he does not have enough financial freedom to avail the funding sources anymore from the lending institutions. People, who held in this legal imposition, are impossible to be trusted by the lenders, as they have various unpaid debts. Still, there is a little hope for them because few direct lenders can trust on them by providing very bad credit loans with no guarantor and no broker.
How the lowest credit score comes?
It can automatically come, when a borrower is continuously applying for loans without considering the eligible credit scores. Cancellation of loan applications by the lending agencies again and again hit the credit file and hence the lowest credit score comes.
Taking the reference of credit rating agencies in the poorest credit situation is a rational decision. Reason being, checking scores at these agencies does not hit the credit report of the aspirant.
Requirements for availing very bad credit loans:
These loans can be fruitful as it is featured by the following key benefits:
No guarantor:
Individuals, who have worse credit record may find impossible to find a guarantor. Even the family and friends do not prefer to become their guarantor due to the current financial crises. The CCJ judgment is a case when a person is ceased to get loans for further situations. That’s why people with these vulnerable financial situations are free to avail loan even if they do not represent a person in their faith.
Bad credit loans with no guarantor are more beneficial for the people, struggling due to the COUNTY COURT JUDGEMENT. They can also improve their credit score and regain financial stability. But don’t forget to find a lender, who can provide you this liberty.
No broker:
Generally, a broker connects a borrower with the lender but charge heavy amount of fee for doing this task. There is no need of a broker in getting loans with CCJ or poor credit, as the communication with the lender can be directly done through online mode.
Borrowers may save time, money and efforts by having this benefit, if they search for a lender, who is going to connect with them directly.
Do you have instant need of funds?
A person in need is a borrower indeed. Urgent cash requirements may compel you to take loan and they cannot wait for the salary day. In those situations, you may claim instant payday loans for the quick decisions on the finances.
Generally, the repayment period of the borrower comes on their next payday. These loans are 24/7 available as they consider the highly urgent needs like repair of breakdown car or payment of medical bills etc.
However, the interest rates can be higher on loans that usually come on instant approvals, as there are no obligations like guarantor or credit check.
At last, you have to be very honest to remove the tag of CCJ from your name. The slow and steady growth in the credit record may bring the positive outcomes for you. Repay on time and re-establish your wealth.
Jennifer Powell embraced finance writing just the moment she started working as a finance executive with EasyCheapLoan, which is a direct lender in the industry. Jennifer has an exceptionally keen eye for details and used her skills to pen down numerous blogs and articles on finance. When asked, she simply replies with a look on her face that shows how genuinely she cares for people struggling with financial problems. Jennifer works dedicatedly as a finance professional and considers sharing both her experiences and knowledge to increase the financial literacy of people and businesses.
