Can I Get A Bridging Loan With Bad Credit?

Can I Get A Bridging Loan With Bad Credit?

1 Answer

  1. Yes, you can. Loans almost always involve a credit check, but even if you have a poor credit rating, it doesn’t necessarily mean you can’t get a bridging loan. With bridging finance, the lender is principally concerned with the security put up by the borrower, a non-negotiable requirement. Many people believe that if they have a poor credit history they will get turned down for all loan application. This is probably true for many forms of loans such as mortgages, credit cards, and bank loans, but is not necessarily the case for a bridging loan. They are not primarily interested in your credit assessment but your property value. While it is even possible to get a regular bridging loan with poor credit, another option for those in that situation is to choose a non-status loan.

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