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

No teletrack payday loans-Obtain sufficient money to enjoy life without tension
Published by Kenim Wids on December 3rd 2011 | Loans
Whenever you cannot manage daily expenses with your limited income then you have the option to avail...
 
Bad credit instant cash loans- Borrow money with your financial needs
Published by Thoms Stuart on June 4th 2012 | Loans
Nowadays, bad credit instant cash loans are offered online to help many borrowers. So, take these lo...
 
Cash loans- Never worry about money to fight against cash crisis!
Published by Conner Abel on March 27th 2012 | Loans
If you need instant cash in the form of loan, you can now apply for cash loans to get quick funds to...
 
Free money loans- Avail loan with no credit checks
Published by Andrew Stomes on July 13th 2012 | Loans
By availing quick funds via free money loans, it is possible for you to solve unexpected fiscal worr...
 
Christmas Cash Loans -provides ease to all gets money
Published by James Phillips on November 25th 2011 | Loans
Today Christmas Cash Loans UK provide an ease to people of UK to arrange money when they don’t hav...
 
Is this helpful money knocking on your door? Read on..
Published by Tom Crooj on February 24th 2012 | Loans
Door collection loans are an interesting alternative to get cash help right at the door. You would g...
 
Same day loans no credit check- Get quick money with this fiscal plan
Published by Aldis Roy on June 14th 2012 | Loans
By availing same day loans no credit check, you can utilize the availing amount of funds in many mon...
 
Debit card loans no faxing- Get instant money with debit card
Published by Kelvin Lopez on November 26th 2011 | Loans
For availing debit card loans no faxing, you will not be going through lengthy process of applicatio...
 
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...
 
Instant loan today - Get quick money within few hours
Published by Aldenn James on July 13th 2012 | Loans
By getting quick funds via instant loan today, you would be able to fight against unexpected fiscal ...
 
Debit card loans- Availed money can be used for personal use
Published by Nain Seek on November 28th 2011 | Loans
For those people who hurdle with financial crisis may easily obtain debit card loans without any has...
 
12 month loans- Utilize money for longer period
Published by Alex Abigil on April 4th 2012 | Loans
With 12 month loans, one can easily fulfill short-term needs of money without any hassle....
 
Monthly payday loans online- Get instant money and stay tension-free lifestyle!
Published by Malen Cheks on December 1st 2011 | Loans
To get quick money, you need to apply for monthly payday loans online so that you can accomplish fin...
 
Signature loans- to provide money without any delay
Published by Baldwin Will on June 27th 2012 | Loans
If you are taking quick funds from signature loans, you can overcome unexpected fiscal needs that co...
 
Phone Payday Loans-Make one call away and obtain quick money!
Published by Alesia Ace on December 6th 2011 | Loans
To overcome any immediate financial issues, you can apply Phone Payday Loans that can be processed w...
 
Free money loans- to manage with certain financial needs
Published by Honard Nork on July 17th 2012 | Loans
If you are borrowing quick funds via free money loans, you can easily tackle unexpected fiscal worri...
 
90 day short term loans- Use money for 90 days
Published by David Hassia on June 16th 2012 | Loans
If you want to use money for 90 days, it is better for you to avail 90 day short term loans in order...
 
Savings account loans- Get money for your empty pocket!
Published by Jon Kohli on July 4th 2012 | Loans
Savings account loans are small and short term cash advances that are provided to the borrowers in t...
 
Internet loans - Possibility of getting quick money!
Published by Karen Rase on May 10th 2012 | Loans
With the assistance of internet loans, you can stay calm even if your next payday is far away....
 
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...