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Hello and welcome to Refinance with bad credit

This site was set up to provide information for people with bad credit regarding their finance options. A range of articles have been written on a number of the different options available and each aims to be informative to you as the reader.

The articles have been written in such a manner that they provide clear instructions on how to go about obtaining money in a variety of different ways. It is essential that you recognise your bad credit rating as major obstacle, though it is also important to note that it is an obstacle that can be overcome.

Getting a Home Loan

In some instances, one's credit rating can be so poor to the extent that getting a home loan is simply impossible. Even for those that are 'allowed', home loans for individuals with bad credit do not provide favourable interest rates and see people penalised for their previous misdemeanour's when paying debts.

As with Getting a Personal Loan, here is a step-by-step account of how to go about getting a Home Loan:

1) Check your credit score.
- Below 620 - Very poor
- 620 - 680 - Indifferent

It is conceivable that you would be able to get a Home Loan with a credit rating in the 620 - 680 range, though the following section will advise on how to improve this rating.

2) Take the time pay off existing credit card debts and change all accounts in your possession to 'current'. This should help improve your credit score, which, in turn, should help you qualify for more favourable interest rates.

3) Budget. List down all the incomings, all the outgoings in your existing situation and work out how much you can afford to allocate to a mortgage. You may have existing that are taking a significant proportion of your incomings; in which case, delay having a home loan under you've met your existing liabilities.

4) Try and raise as much as you can for your down-payment. In the eyes of the lender, the amount you use as a down payment will indicate your level of financial responsibility. The larger the down payment, the more favourable the interest rates.

5) Try and get someone else to sign the loan. Assuming they have a respectable credit rating, this will go some way to offsetting your own situation and would see the lender view your application more favourably.

6) Ensure you get a fixed rate mortgage. This will ensure there is no unexpected occurrences further down the line when interest rates change etc and you are able to plan your finances long-term.

Refinance with Bad Credit

Getting a Personal Loan

Once someone has a poor credit rating, their financial options are greatly reduced. It is a difficult task trying to find a suitable lender who will provide you with a reasonable rate of interest. However, follow this step-by-step account to getting a Personal Loan:

1) Assess whether the loan is absolutely necessary. Are you looking to make a luxury purchase? If so, consider the fact that these types of purchases would be more suitable once you've built you credit up again and you are able to take advantage of better interest rates and repayment terms.

2) Find suitable lenders. Some lenders specialise in allowing individuals with bad credit to borrow money from them. The Internet is a very powerful tool in this search and you will be able to find potential lenders within seconds. These types of businesses are becoming increasingly common so you will have little trouble locating a number of suitable lenders.

3) Analyse the figures provided by the various lenders. Look here primarily at the repayment terms and interest rates, though have an eye on any hidden costs or the like. Clearly interest rates you want are the lowest, though make sure the repayment terms are suitable for your circumstances and ensure that it is feasible you are going to be in a position to pay the money back.

4) Provide the necessary documentation to the lender. This is to verify your identity. Lenders are also likely to insist upon a steady income that indicates you have the potential to cover your debts.

5) Read the documentation carefully. Make sure you scrutinise any documents you are signing to ensure that you know precisely what you are signing up for and there will be no unexpected occurrences further down the line.

Refinance with bad credit

Keep trying in pursuit of Sheffield Vacancies

The important thing to do when you are trying to find Sheffield Vacancies is to be persistent. One of the worst things about a recession is that the unemployed are constantly reminded that they are out of work! Real confidence booster!

Sheffield Vacancies: Evening jobs

People want to find evening jobs in Sheffield for a number of different reasons. It may be because they're currently in full-time education and evenings are the only opportunity they get in order to earn a bit of money. Alternatively, it may be because they feel they are a little short of money and getting an evening job would enable to do more things with the family during weekends. Whatever the reason, the process is the same.

Begin by listing approximately three different types of roles that you'd be suited to doing that are required in the evening. Different examples would be baby-sitting, gardening and courier jobs.

Once you've established your list of three, and then decide which you'd most like to do and feel best suited to.

After you've made this decision, then begin to try and find work for this role. For baby-sitting and gardening, use flyers (keep it basic, to the point) - though target areas within Sheffield where there is a need. When attempting to find baby-sitting jobs try to target areas where young families are prominent, whilst when offering your services for gardening it is important you target the upper-classes and the elderly.

Pay attention to your CV

Whenever anyone approaches me and asks for advice about CV's, my response can be summed up in three words:
  • Relevancy
  • Simplicity
  • Professionalism
It's simple - whatever job you are applying for, a good CV can really give you that edge. Remember, your CV is your opportunity to sell yourself. You've got to try to make you an attractive proposition for potential employers and really market yourself well.

Compiling a CV: Part 1

The first piece of information to include on your CV is your name and all relevant contact information. Remember, professionalism! This means avoid inappropriate titles and be particularly wary of the email you place on your CV. It is advisable to setup an email account that is your name (e.g., rather than one that you may have setup for personal use.

Compiling a CV: Part 2

The next aspect for you to consider is your profile. Your profile is in essence a summary of the CV as a whole and this requires you to give your potential employer a general insight. It is imperative that you do this concisely - you shouldn't look to be writing any more than four/five sentences.

Compiling a CV: Part 3

Following your profile is education. This is relatively self-explanatory and you will need to include the following information:
  • Where you studied
  • What you studied
  • The dates between which you studied (e.g. 25th June 2009 - 25th August 2009)
Compiling a CV: Part 4

Next up is experience. Again, this is relatively self-explanatory and the key elements to this are:
  • Name of company
  • Position in company
  • The dates between which you worked
Compiling a CV: Part 5

This is your opportunity to showcase your skills. This is where you inform your potential employer of skills relevant to the job - e.g. if you are involved in IT, list all skills you have relevant to the position that make you suitable for the vacancy. It also important to note here is the place to include other important qualities such as "motivator" or "good leader". Anything that will give you an edge - include it!

Compiling a CV: Part 6

References, in short. The best way to approach this part of the CV is to simply inform the potential employer that 'References can be provided upon request' (o.w.t.t.e).

Finally, key tips:
  • Font - black, Times New Roman, size 12
  • Underline subtitles
  • Use spell checker
  • Consistent spacing between sections (i.e. one line of clear space between sections)
  • Aim for two pages
Remember, relevancy, simplicity and professionalism!