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

12 Month payday loans- Borrow quick money to fight monetary problems
Published by Lewis Jasvin on January 6th 2012 | Loans
With the aid of 12 Month payday loans, it is possible for you to acquire instant cash help to overco...
 
Borrow money till payday - Surmount Your Small Adversities
Published by Steve Franklin on December 30th 2011 | Loans
Borrow money till paydays are basically funds granted to the recipients for their miniature needs. T...
 
Instant loan today - Borrow money without any hassle!
Published by Aldenn James on May 11th 2012 | Loans
Instant loan today is actually an ideal financial solution that allows you to avail quick finances i...
 
Principles associated with Investment decision as well as money supervision
Published by Isol on August 13th 2012 | Finance

Investment decision is really a concept of reestablishing the money by using buying associated w...
 
Short Term Loans No Credit Check- Instant need of money can be resolved
Published by Bailey Molton on April 17th 2012 | Loans
If you have obtained quick funds via Short Term Loans No Credit Check, you can easily get rid of any...
 
Bad Credit Loans- Acquire money without Credit Check
Published by Sajid Mahmood on December 21st 2011 | Loans
If you facing the problem of shortage of money then Bad credit loans is a short term small amount lo...
 
No telecheck payday loans- Get money at the time of your needs
Published by Morgan Sadyu on May 12th 2012 | Loans
By acquiring quick cash through no telecheck payday loans, you may fight against any financial traum...
 
Instant cash for me- Borrow instant money as soon as possible
Published by Ponting Sarad on July 23rd 2012 | Loans
To get fast funds, it is better for you to avail instant cash for me. It is a great fiscal support e...
 
No fee payday loans- Avail quick money as per your needs
Published by Jacky Smeth on July 9th 2012 | Loans
If you are taking No fee payday loans, it is easy for you to resolve unexpected fiscal worries....
 
Short term money loans-Instant cash for urgent needs
Published by Patricia Firenze on February 10th 2012 | Loans
We at Payday Money truly care for you and your family. We provide short term money loans when you ar...
 
Spend money on Real Estate by Having Mortgage Loans in San Diego
Published by John Schubert on August 2nd 2012 | Loans
If you dreamed of owning a home but do not have any notion on exactly where and how you can begin,...
 
Fast Cash Bad Credit Loans-Obtain quick money
Published by Albert Bells on December 8th 2011 | Loans
Fast Cash Bad Credit Loans give you to recover your financial background without undergoing lengthy ...
 
Loans over 6 months: Perfect monetary help to match your money issues
Published by Moon Thomas on January 21st 2012 | Loans
Efficiency of online mode and simple approval procedure are high points of Loans over 6 months and t...
 
Payday loan with debit card- It gives versatility to obtain quick money
Published by Nain Seek on December 23rd 2011 | Loans
For getting quick cash loan, the payday loan with debit card is also commendable that offers quick c...
 
Emergency money - Good Cash advance available online
Published by Thomas Symends on July 2nd 2012 | Loans
If you have taken quick money via emergency money, it is possible for you to relieve any kind of fin...
 
Loans in minutes- Borrow money without pledging of collateral now!
Published by Adam Felix on July 14th 2012 | Loans
If you are borrowing quick funds via loans in minutes, you have the right option to fight against fi...
 
Money loans for bad credit- Get quick money without any hesitation
Published by Vikon Nail on June 9th 2012 | Loans
By availing money loans for bad credit, you could get quick cash within few hours. After availing mo...
 
Payday loans - cover all your requirement of money
Published by AadamAbbas on January 29th 2012 | Loans
Payday loan are very faster and simple to help in emergency of money. It is good for U.K. citizens. ...
 
Quick cash loans - Grab fast money without any hassle
Published by Adinm Gaili on July 16th 2012 | Loans
In fact, Quick cash loans are short term cash help where you can grab quick funds without any hassle...
 
Checkless Payday Loans - Extremely fast to avail money
Published by Jaker Kmith on June 3rd 2012 | Loans
Actually, Checkless Payday Loans are widely available these days to help many borrowers. So, never m...