Adverse Credit Loans Help Crunch Victims

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CREDIT crunch victims are still clamouring for unsecured loans - but to consolidate debts rather than splash out, reveals new data from Credit Problems No Problem (http://www.creditproblemsnoproblem.co.uk).

Credit crunch victims are still clamouring for unsecured loans - but to consolidate debts rather than splash out, reveals new data from Credit Problems No Problem (http://www.creditproblemsnoproblem.co.uk)

Today's tough economic conditions are prompting many more cash-strapped families to consolidate debts and cut their monthly repayments.

Recent months have seen a marked change in borrowing patterns, says Credit Problems No Problem, which specialises in fast cash loans for people with bad credit ratings.

"We receive many thousands of requests for 'bad credit loans' from people with CCJs or defaults on their credit scores," said a Credit Problems No Problem spokesman.

"Most of our unsecured loan applicants still need cash to buy a new car or to invest in home improvements.

"But now consolidating debts is the most popular reason for seeking unsecured loans.

"Increasingly, applicants are looking to bundle their various existing debts into larger and more cost effective loans to reduce their repayments."

Credit Problems No Problem has listed the top five reasons given by applicants needing fast cash loans:

  •     consolidating debts - 23.2 per cent
  •     home improvements - 18.1 per cent
  •     new car - 17.1 per cent
  •     holiday - 7.3 per cent
  •     wedding - 2.1 per cent.

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.

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

Notes For Editors

http://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.

October 2008

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Roan Fair
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