UK Top 10 For 'Poor Credit Loans'

Share Article

London and Birmingham top a league table of demand for 'bad credit loans', according to a new report from unsecured loans specialist Credit Problems No Problem (http://www.creditproblemsnoproblem.co.uk).

London and Birmingham are Britain's two big debt hot spots when it comes to loans for people with poor credit.

They top a league table of demand for 'bad credit loans', according to a new report from unsecured loans specialist Credit Problems No Problem (http://www.creditproblemsnoproblem.co.uk).

Debt experts at Credit Problems No Problem have compiled a top 10 of locations for poor credit loans based on the numbers of applications received from across the UK:

1st - London
2nd - Birmingham
3rd - Sheffield
4th - Northern Ireland
5th - Cardiff
6th - Swansea
7th - Manchester
8th - Portsmouth
9th (joint) - Liverpool and Nottingham.

As the Credit Crunch gets worse, Credit Problems No Problem is seeing growing demand for fast unsecured loans from families across the UK.

Debt consolidation, home improvements, holidays and weddings are the most popular reasons cited by people with adverse credit seeking easy unsecured loans.

The new research from Credit Problems No Problem reveals that:

  • Northerners and Midlanders are collectively three times more likely than Southerners to apply for an unsecured loan for debt consolidation
  • Southerners are 50 per cent more than likely than Northerners to need an unsecured loan to finance home improvements
  • one-third more Northerners than Southerners require an unsecured loan to help them purchase their car.

However, some cash-strapped families are having to apply for unsecured tenant loans simply to pay their rent arrears.

"Borrowers are applying to us from across the UK but our research clearly demonstrates that there are concentrations of demand in London, the Midlands, North West and Wales," said a spokesman for Credit Problems No Problem, which helps people with credit histories impaired by CCJs and defaults to source simple, fuss-free unsecured 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 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

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Credit Problems No Problem
Visit website