People with poor credit rating may still be qualified because each application is given an individual evaluation.
(prHWY.com) February 18, 2013 - London, United Kingdom -- London, United Kingdom (January 22, 2013) - Fincorp Finance and Credit Corporation, Ltd, is accepting applications for bridging loans despite the low credit rating of their clients. Fincorp is led by a group of skilled professionals in the property and finance markets.
Credit history is important to determining if a person has the ability to pay off what they borrow. Failing to adhere to the terms of the original credit agreement shows a red flag on the credit report. Credit card users have the option to pay the minimum repayment of their card, but this serves as proof to lenders that the debtor is struggling to clear their debts. Likewise, not having a credit history makes it hard for the creditors to evaluate if applicants are able to repay what they borrow.
Finance and Credit Corporation, Ltd does not consider the credit score basis as the main qualification in assessing applicants. People with poor credit rating may still be qualified because each application is given an individual evaluation. Fincorp has its own funds and is independent of banks and other institutions as a principal lender.
In contrast to banks and other creditors, they keep paperwork to a minimum and do not charge arrangement fees. Up to 70% of the property's value can be borrowed. Clients can borrow for up to 360 days and may choose to extend the term without extension fees. Likewise, paying the loan early does not result in any penalty fees.
Fincorp is also an ideal source for auction finance because of its speedy service. Participating in an auction calls for quick decisions and a complete evaluation on one's financial capabilities, and having a trusted lender who supports a winning bidder.
For more information on their lending process, visit
www.BridgingLoansFC.co.uk.
About Fincorp - Finance and Credit Corporation, Ltd
Established in 1988, Fincorp directors Ronnie Natas, Nigel Alexander, and Matthew Anderson all have extensive experience in financing. They deal directly with their clients from start to finish. They lend in London and the southeast area.
###