Bad credit rating? Do the credit rating agencies have it right?

Even if you have a bad credit rating ask yourself these questions: Are you a statistic? Are you just numbers on a page? A credit rating is a historical report but as all shrewd investors know investments can go down as well as up and history is not necessarily an indication of future performance. A bad credit rating will not necessarily prevent you from applying for a loan from 247Moneybox.com. However, we must be satisfied of your ability to repay the loan without causing further financial difficulty.

Bad credit rating and responsible lending

We understand that unexpected things can happen, if this is the case please get in touch as soon as possible. The earlier you get into contact the longer we have to work through possible solutions. This concept applies to all creditors out there. The worst possible course of action is to simply do nothing and hope the bad credit rating issue will go away. You can seek help from third parties – there are lots out there such as the Citizens Advice Bureau, National Debtline or Community Legal Advice for advice. Remember if you do get into difficulty strike up communication with all of your creditors, including us, early – we can’t stress that enough.