Helping you get back on the road to financial recovery
Improve Poor Credit
Welcome to the Evolution Money bad credit rehabilitation section.
When it comes to credit scores, we understand that it can be quite confusing and upsetting when people are turned down for personal finance purely based on a numerical value. This credit number or “score” is meant to summarise how capable a person is of paying back a loan or debt. There are many factors that have both a positive and negative effect on a credit score or report, and we have decided to delve into each of these. Our focus would be to try and assist our users into learning a little more about what credit scores actually are, and what are the type of things that have an effect on them.
Here we try to help you get back on the road to financial recovery with various pieces of information covering credit reports, what they include and what they are used for. We’ve attempted to break down the various issues that we know people tend to face when it comes to credit scores, and researched some positive and helpful information to combat them.
Representative 22.93% APRC variable.
For a typical loan of £26,600 over 180 months with a variable interest rate of 19.56% per annum, your monthly repayments would be £484.00. This includes a Product Fee of £2,660.00 (10% of the loan amount) and a Lending Fee* of £763.00, bringing the total repayable amount to £87,030.00. Annual Interest Rates range between 11.7% to 46.5% (variable). Maximum 50.00% APRC. *Lending Fee varies by country: England & Wales £763, Scotland £1,051, Northern Ireland: £1,736.
Think carefully before securing debts against your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
