Have you ever spent time online searching for ‘loans for bad credit’?
If you’re sitting there nodding yes, then don’t worry, you’re not alone. A bad credit score is something people from all walks of life run the risk of falling foul of.
Late payment of bills, or a loan default – one financial mistake and your credit history is more than likely going to take a hit.
A poor credit report doesn’t just potentially affect your chances of getting a mortgage, an overdraft, car finance, credit cards, or a mobile phone contract; it also lowers your chances of getting a personal loan. And that’s why ‘loans for bad credit’ is such a popular online search query.
For those worried about a less than perfect credit score, Northern Community Bank is here to tell you ‘it’s ok’, we’re specialists when it comes to loans and poor credit. And here’s why:
5 reasons Northern Community Bank can help you get a loan – even with bad credit
1. Northern Community Bank looks at much more than a credit score when dealing with loan applications. We look at your affordability for a loan – the money you have coming in, the money you have going out. Once we’ve taken all your circumstances into account, then we will make a decision.
2. Northern Community Bank doesn’t use computers to make loan decisions. While a lot of lenders rely solely on computers to determine who is, and who isn’t, fit for a loan, we entrust our staff with the task of fully understanding a person’s financial situation.
3. We can improve your credit history by reporting the repayments you make back to the credit reference agency.
4. We help account holders stick to a saving or loan repayment schedule – meaning we are more likely to re-lend again if you need it.
5. Our ‘Save as you borrow’ scheme helps you to build up your savings as you pay back your loan. This means the next time an unexpected cost arises; you’ll be ready for it.
How else can Northern Community Bank help with loans for bad credit?
What’s worse than a bill? An unexpected bill. Car repairs, impromptu visit to the vet, tele on the blink; unfortunately, life is littered with unforeseen costs that can threaten to derail even the most prudent of budgets.
At Northern Community Bank, we’re fully aware of this.
We’ve been handling people’s finance for almost four decades now, and as a not-for-profit organisation, our time, effort, and commitment lies solely with the account holder.
That’s why you won’t find any setup fees attached to our loans, or even early settlement penalties.
And the best thing? You don’t even have to come into a branch to start the process. The whole application can be done online, either through our Online Accounts Area or via the secure app.
So, stop searching the web for loans for bad credit, and get in touch with Northern Community Bank.
