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How To Buy A Car With Bad Credit

Whether your established business has a poor credit history or you’re trying to start a business with a poor personal credit history, obtaining finance can be incredibly tough. A credit check is one of the first tests applied to prospective borrowers by most unsecured loans for bad credit direct lenders lenders and failure often leads to automatic disqualification. Nevertheless some lenders do provide loans to businesses with bad credit ratings and the additional good news is that if you choose the right kind of loan, then you can repair your credit score.

Instead of having to apply directly to each loan company and leave marks on your credit report, Citrus Loans runs your details through all of our partner companies at the same time using only soft check credit scoring to make sure your credit profile is unaffected. You will only go through a full credit check with a lender when you choose to proceed with a loan with one of our partners.

There is an origination fee from 0.95% to 4.75%. The borrowing range of $1,000 to $35,000 is relatively generous among lending platforms who work with subprime credit. However, if your credit score is under 580, you may not be able to get a loan through Avant, and secured loans are not currently an option. For example: A $6,500 loan with an administration fee of 3.75% and an amount financed of $6,256.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $265.40.

We don‘t just let computers decide if you can borrow. It doesn’t matter if you have bad credit , are self employed , or even if you’re currently unemployed – the most important thing for us is that you have a friend or family member who trusts you enough to guarantee to make repayments if you don’t, and that you can afford to repay the loan. Before we pay out any guarantor loans, we have a good old fashioned chat over the phone with both you and your guarantor. We base our decisions on simple common sense.

All loans are subject to proof of affordability and interest rates are dependent on individual circumstances. All loans are subject to verification checks. Only available to UK residents over 18 years of age. We are not a lender, we are brokers. We have access to loans from many providers, suitable for almost all circumstances. We do not charge broker fees.

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