Families Seek 'Bad Credit' Loans to Save Their Homes

Struggling families weighed down by mortgage debt worries are turning to 'bad credit loans' to bail them out and save their homes. Growing numbers of homeowners with poor credit are seeking unsecured loans online to help solve their mortgage debt problems, reports Credit Problems No Problem (www.creditproblemsnoproblem.co.uk).

Newton Abbot, Devon, UK (PRWEB) November 6, 2008 -- Struggling families weighed down by mortgage debt worries are turning to 'bad credit loans' to bail them out and save their homes.

Growing numbers of homeowners with poor credit are seeking unsecured loans online to help solve their mortgage debt problems, reports Credit Problems No Problem (www.creditproblemsnoproblem.co.uk).

"We are getting increasing numbers of calls from people who need money to pay their mortgage loans," said a spokesman for Credit Problems No Problem, which specialises in loans for borrowers with bad credit.

"Families can't afford to pay their mortgage bills. They desperately need cash but they have money problems."

Falling house prices and the return of negative equity are making life a misery for households with bad credit listings such as County Court Judgements (CCJs) and defaults.

Negative equity is returning to the UK housing market with a vengeance, leaving families stuck with large mortgage debt worries and homes they are unable to sell unless they incur big losses.

Some families forced by negative equity to abandon their house move plans are making do with essential home improvements instead.

"They need unsecured loans to cover the cost of necessary home improvements but may have CCJs or defaults against their name," said the spokesman for Credit Problems No Problem.

"Bad credit need not be a problem though. We can help you to get money - even if you think you're credit blacklisted."

Credit Problems No Problem is hearing from increasing numbers of people caught in the negative equity trap.

One self-employed couple aged in their 20s invested £155,000 in a starter home that is now worth £10,000 less than they paid for it.

Twelve months ago a similar property three doors away from them sold for £175,000.

"They face the fact that their home has lost £30,000 in a year and house prices are still falling. Some £10,000 of their hard-earned money has gone and they are now in negative equity."

Credit Problems No Problem is helping people such as these as they search for 'poor credit loans', 'bad credit loans' or 'CCJ loans'.

Credit Problems No Problem holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.

Credit Problems No Problem is also registered with the Information Commissioner's Office for Data Protection.

For rapid help, phone 0800 412 5634 or visit www.creditproblemsnoproblem.co.uk

Notes For Editors

www.creditproblemsnoproblem.co.uk

Credit Problems No Problem Ltd

TBC House

Cavalier Road

Newton Abbot

TQ12 6TZ

United Kingdom

Tel: 0800 412 5634

Credit Problems No Problem was formed in 2003, bringing together a team of specialists that together offers 26 years of expertise to help applicants gain the unsecured loans they need.

From its UK head office in Devon, Credit Problems No Problem operates across Britain, sourcing loans for people with bad credit.

Credit Problems No Problem holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.

Credit Problems No Problem is also registered with the Information Commissioner's Office for Data Protection.

No fuss service - guaranteed.

November 2008

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