Bad credit scores can be a curse when it comes to accessing loan funds. Many lenders shy away from those with very poor credit ratings, preferring to avoid high-risk borrowers so as to reduce the chance of losing money. But it is still possible to get a homeowner loan with bad credit.
The reasons for low credit scores are numerous.It may be down to loan defaults, arrears on repayments, or perhaps due to county court judgments. But the result is the same: the terms and conditions of any loan are far from perfect. Therefore, securing loan approval is more difficult.
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