Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Credit-ratings are becoming the biggest hurdles in getting finance

By Kevin Cook Subscribe to RSS | December 27th 2011 | Views:
loading
 
  



Recent studies on finance ratings has showed how they determine the amount you get as finance. Today many financers have kept very strict scoring criteria for borrower’s who are applying for financial aids of varying amount with different financers in the UK market. These strict criteria’s for financial ratings have become the main obstacle in placing large funds for the intermediaries. A credit-score is a numerical measurement based on a statistical study of a borrower’s files, to represent the worthiness of that person. It is primarily based on report information typically sourced from credit bureaus. Money providers use these scores as to check the potential risk pose by lending money to a consumer having worst credit or debts.

Kensington a researcher carried out a survey and pointed that 43 percent of companies have faced difficulty while borrowing finance amount more than £500,000.A survey carried out by an organization which studied 680 mortgage intermediaries to get a clear picture of the scenario and found out that self-employment proved to be the second biggest hurdle in securing funds for individuals. More over when the survey included individuals who had more than one source of income then it found out that 22 percent people fell in this category and cited that they faced difficulty in securing funds.

PR, Brand and Communication manager at Kensington, Alex Hammond, says "A one-size-fits-all approach does not suit well for these customers, and so it is unsurprising to see that so many intermediaries face a number of hurdles and stumbling blocks when looking for the right mortgage for a client." His statements were made only after a leading name in the economic researcher of Martin Bamford, chartered financial planner at Informed Choice said that pay-day-loans should be looked at the last resort in dealing with urgent financial issues arising within a household or for an individual. Thus credit-ratings become an important basis on which lenders decide how much loan-amount should be sanctioned to whom as many lenders consider people with bad-credit as risky borrowers as they may have bad-credit due to the following reasons like bad-debt, unpaid-bills, bankruptcy etc. Thus financer’s take this credit-rating system seriously to provide finance to people and help them escape the risk of losing money from the borrowers who are unable to pay the amount in the stipulated time frame. Thus credit-rating becomes a big hurdle in securing funds easy way. Apply for text loans no credit check @ http://www.textloansnocreditcheck.co.uk/ in order to get loans without credit-check.

Kevin Cook - About Author:
Kevin Cook is financial adviser and work with us. He provides best knowledge to get finance in trouble. He writes articles on text loans no credit check. He also gives his expert views on sms loans no credit check and instant text no credit check. Get more info about. Visit: http://www.textloansnocreditcheck.co.uk

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/loans-articles/credit-ratings-are-becoming-the-biggest-hurdles-in-getting-finance.htm

Related Loans Articles Subscribe to RSS

Need payday loans – an easy way to earn money
Published by Nathan Morgan on May 29th 2012 | Loans
Need payday loans are for all your emergency financial needs of a person, and the fact that these fu...
 
Emergency payday loan - Utilize money as per your needs
Published by Georgia Bart on June 4th 2012 | Loans
Emergency payday loan is the ultimate fiscal plan for US borrowers who need instant cash before they...
 
Bad credit money loans- Specific credit support for bad credit people
Published by Kenim Wids on June 8th 2012 | Loans
By acquiring quick funds via bad credit money loans, you can manage unforeseen fiscal woes....
 
Big loans for people with bad credit- Get money and stay with peace of mind!
Published by Narten Jonner on May 29th 2012 | Loans
Big loans for people with bad credit scheme are nowadays available online to help many borrowers....
 
Faxless payday advance-Obtain money without any formality
Published by Andrew Stomes on December 22nd 2011 | Loans
If you want to avail quick money then faxless payday advance scheme is quite useful for you at the h...
 
10 dollar payday loan- Small amount of money but useful for you!
Published by Addison Maddy on July 20th 2012 | Loans
For those people who need small funds, they should apply for 10 dollar payday loan. This is tiny loa...
 
Money loans for bad credit- Get quick money perfectly
Published by Vikon Nail on July 18th 2012 | Loans
For those bad credit people, they should apply for money loans for bad credit scheme to borrow quick...
 
Bad credit title loans- Borrow money and meet unexpected financial trauma
Published by Riyt Leson on May 28th 2012 | Loans
By taking instant funds via bad credit title loans, you have possibility to overcome financial crisi...
 
Hard Money Loan No Teletrack- Reliable source to gain quick money
Published by Gorgie Nork on July 23rd 2012 | Loans
If you are taking Hard Money Loan No Teletrack, you will get quick funds within 24 hours without any...
 
Payday loans by phone- Make call and grab instant money now!
Published by Alesia Ace on July 11th 2012 | Loans
If you are availing quick money from payday loans by phone, you will get instant funds within 24 hou...
 
Fast payday loans no credit check- Fulfill urgent need of money now!
Published by Kelin Smith on June 6th 2012 | Loans
By getting quick funds via fast payday loans no credit check, you can enjoy tension-free lifestyle w...
 
Faxless payday loans -Fastest way to get quick money without using paperwork
Published by Andrew Stomes on June 4th 2012 | Loans
By availing quick funds via faxless payday loans, you can manage unexpected fiscal worries in the le...
 
Installment loans online-Overcome any unnecessary burden of money
Published by Beidhi Ceeper on July 19th 2012 | Loans
With the assistance of installment loans online, you are free to fulfill your financial crisis witho...
 
Instalment loans- Easier to borrow money in no time
Published by Beidhi Ceeper on May 21st 2012 | Loans
If you avail good sum of money via instalment loans, you have the provision to fulfill unexpected fi...
 
First payday loans - Fast and easy way to acquire money
Published by Baldwin Will on June 13th 2012 | Loans
If you are availing first payday loans, you may be getting rid of any financial worries at any cost....
 
Ez pay loans - Get money and utilize them for your personal needs
Published by Freedy Cort on July 2nd 2012 | Loans
Ez pay loans are unique in nature where there is no requirement of pledging collateral against the l...
 
Car log book loans- Take quick money by pledging your car as collateral!
Published by Abnre Cassa on July 3rd 2012 | Loans
By acquiring quick funds via car log book loans, it is easy for you to fight against any financial e...
 
Installment loans for poor credit- Easy way to avail quick money
Published by Gorgie Nork on July 11th 2012 | Loans
If you are taking installment loans for poor credit, you have the right option to fight against fina...
 
Loan in checking account- a great deal to take quick money
Published by Honard Nork on May 22nd 2012 | Loans
By acquiring quick cash with the aid of Loan in checking account, you have the right option to fight...
 
12 month payday loans: Get the quick money with hassle free arrangement
Published by Moon Thomas on January 22nd 2012 | Loans
You can settle down your issues without making compromise. You get this facility under 12 month payd...