In addition to having enough security, loan providers might need other variables into account when you implement. Each lender will follow her standards, however they often look at the:

• proof of identity loan providers will be sure you might be joined into the electoral roll as an easy way regarding examining the stability of one’s target and you can guaranteeing you are who you state you are.
• affordability – the financial institution usually manage an affordability review your income and outgoings to ensure that you is create new month-to-month financing costs
• credit rating – negative footprints in your credit history, such a great CCJ, could possibly get question loan providers – though they focus less about this than just they will for those who was in fact making an application for an unsecured loan

Tip: You can check your credit history at no cost with Experian, TransUnion and you may Equifax. (más…)

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