Loans
Baker Financial are able to offer loan advice to people throughout the UK wanting to apply for loans, personal loans & secured loans.
Apply for loan amounts from £5,000 to £50,000 with as little fuss as possible, common sense financial advice!
- Personal finance arranged throughout the UK
- Debt consolidation - consolidate your debts into one easy payment
- Loans for any purpose - home improvements, business, secured, bridging, etc
- Home improvement Loans
- Pay day loans - smaller loans to tide you over
Loans are secured on property and are available for people with good and bad credit, employed or self employed.
With access to lenders throughout the UK and specialist deals not available on the high street we can offer help and advice for anybody wanting to raise finance, whether it be a secured loan for home improvements, debt consolidation personal loans or small payday loans to tide you over when things get tight we could help.
How does the credit scoring work for personal loans?
Your credit score (or rating) will be based mainly on two aspects, your credit file and the lender application form.
The lender will do a credit check and based on the information on your credit file and the information given on the application form they will allot you a credit score. Whilst there are similarities in the way lenders score applications each personal loan lender will have slightly different ways of working out your credit score as different lenders will allot different values to different aspects of your credit file and the information you provide on the loan application.
Lenders have different loan options available for most circumstances ranging from employed to self employed
Will a loan application with Baker Financial harm my credit file?
No. When you apply for any type of finance the lender will normally do a search with one of the credit reference agencies which will be noted on your file but this will not harm your credit rating unless you apply for lots of different loans at once with different lenders at once - The searched we have carried out are what's called a 'soft search', meaning it won't leave a hard footprint on your credit file!
I have bad credit, can I still apply for a personal loan?
Yes. There are loans available for people with bad credit but exactly how much you can borrow and what interest rate you will be eligible for will depend on your individual circumstances.
If you have bad credit, rather than applying to one lender it's normally better to use a broker such as Baker Financial who has access to many lenders giving more choice and more borrowing options can only benefit the borrower!
People often apply for loans to consolidate bad debts such as credit cards, overdrafts and even other unsecured personal loans.
Simply complete the form to the right and we will arrange for a loan specialist to call you back as soon as possible.
