Self Employed Loans
Part of the Michael J Alexander Group
Financial Services
Being self employed shouldn't affect your ability to apply for a personal loan, let us help you find the best personal loan for you. If you have been refused elsewhere due to being self employed don't worry we can still help.
Part of the Michael J Alexander Group
Please note the interest rate we can offer you may be different, depending on your personal circumstances and the credit assessment we carry out as part of your application. This loan calculator is for reference purposes only.
Friday 12th May 2006
High Street banks have strengthened their code of practice over fears that consumers are taking on too much debt
The murky £1bn world of loan protection insurance is under the spotlight again, with accusations of disturbing sales methods
One in five bankrupts is now under the age of 30 as student debt and the consumer spending splurge starts to bite
The glory days when 'rate tarts' could switch their borrowing between credit cards for free could soon be over
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Self Employed Personal Loans
If you are self employed then don't fret because we can still help you get that all important personal loan. Some lenders require employment as a criteria in which to offer a UK Personal Loan however we can find the right lender for you!.
Many people and business persons are attracted to the idea of self employment, being able to work independantly, working your own chosen hours and having complete control over your employment is an offer more and more people are following. The control over your lifestyle and work is a good reward for the risks involved in setting out into the business world on your own. But there are definite challenges involved also. One of the most daunting aspects of self-employment is obtaining credit. Lenders are often cautious when it comes to lending to someone who is self employed, particularly if they are new to it and cannot provide proof of steady income or have no accounts.
Year by year the UK economy begins to unfold with many different changes, the security from employment within a company is not always secure and the banks and some lenders are now more offering to the self employed. In fact, now, a self employed person is just as likely to get approval for a mortgage or other loan as someone in more traditional employment. Improvements in credit checks, which allow lenders to see how you cope with debt in general, as well as other changes in lending practices mean that borrowing for the self employed is now easier and faster.
Credit checks play a large part in obtaining a loan, even if you're self employed as long as your credit rating is good then getting a personal loan can be a quick and painless process, lenders rely on a credit check to see the reliability of those borrowing sums of money. Based on the credit report receieved by the lender will help determine the rate you pay, the higher the risk, the more you will pay.
Choice of loans can make a very large difference, secured loans generally offer a lower rate as you are securing something against the loan amount whereas personal loans are unsecured which means rates can be higher.
UK Unsecured Personal Loans Specialists
Site Updates: Monday 5th June 2006
Site Last Updated: 02/06/2006
Ó www.apersonalloan4you.co.uk - Specialists in Uk personal loan services
IMPORTANT
The actual rate you will pay depends on a credit assessment of your personal circumstances. All figures quoted for Payment Protection include Insurance Premium Tax at the rate applicable on the date published. Any change will affect premiums payable.
