Bad Credit Finance

Refinancing A Home With Bad Credit Written by Brain Summer    The global financial crisis has brought many banks to their knees, government bail outs have been required to save institutionalized organizations, and the net result on the consumer is stricter lending standards. This news is not the greatest for those of us who want to refinance our mortgage, even worse if we have a problem with our credit history, but it doesn’t mean that we can’t do it. The recession has hit many people hard, and it’s been difficult for a great number of people to maintain a high credit score. The stricter lending standard just means we have to be more diligent in managing our credit and know that the bank is doing this for both theirs and our sake. Read more...

Perils of cosigning or signing as a guarantor Written by Brain Summer    A friend or family member comes to you and says that they can’t get finance for a loan, unless they can find someone to cosign or sign as a guarantor. Would you be willing to do it? When doing either of these actions, make sure you understand the details before going ahead to agreeing to it, there are also a few principles you should follow before saying yes. Read more...   Combating Bad Credit Written by Brain Summer    The financial times have found many people in a situation of bad credit. Trying to fight your way out seems to be an endless task, but there are many different opportunities that are available to us in order to try and combat it, each with its pro’s and con’s.    A common method is to seek out further finance that will consolidate your debt and thereby make it appear easier to manage. This method is fraught with danger, and should be considered only in certain circumstances. Read more...