PCCU specialises in poor credit loans

Some things in life are quite simply unavoidable. Death, taxes, rain in June.

You can add poor credit to that list as well. Try as we may to keep our financial records spotless, how often are we left head in hands over the slightest monetary indiscretion? One late payment, and just like that life can become an annoying series of financial obstacles for years to come. Bad credit can prevent you from being able to rent a home, agree finance for a car, access loans with lower interest rates, access loans full stop. If you’ve been turned down for loans elsewhere due to a poor credit rating then all hope is not lost. Pennine Community Credit Union specialises in poor credit loans, allowing us to put a spring in the step of account holders as they jump right on over those pesky obstacles.

Why payday lenders are not the answer for poor credit loans 

Fixing a bad credit score can take time. Unfortunately, time isn’t generally a luxury people can afford when money is involved. Maybe you have unpaid bills that require sorting sooner rather than later. Maybe the car’s started making a noise you’ve never heard before. Maybe you’ve just had enough of 2021 and it’s time to take the family away.

Loans are sometimes a necessity, but a poor credit history can end up making them more of a hindrance than a help. Credit scores, given by credit reference agencies to lenders such as banks, loan and credit card companies, are one of the ways they assess, and more often than not, reject credit applications. This is why some people end up on the doorsteps of payday lenders where high interest rates are commonplace.

At Pennine Community Credit Union, we understand that people are human; that sometimes payments can be missed accidentally or for genuine reasons. That’s why we look beyond the numbers when it comes to poor credit loans, dealing with each application on merit. Our loan decisions are made by real people, not computers, meaning your credit score isn’t the be-all and end-all. We will always look at the bigger picture, taking into account personal circumstances now, not just from your past.

How is Pennine Community Credit different from other lenders?

The main difference between Pennine Community Credit Union and other lenders is the fact we are a not-for-profit financial cooperative, which means we don’t have any shareholders to please. This enables us to charge competitive rates of interest that revolve around fairness and affordability, rather than profit. It’s why we don’t offer different interest rates on loans purely based on your credit history. It’s why you will never be charged more or less for borrowing money because of your credit score. And because we know speed is of the essence when it comes to loans, we always aim to have a decision for you within 24 working hours.

Fair poor credit loans do exist, and they can make life a lot easier; speak to our team  on 01282 691333 today to find out how we can help.