Loan against property with a bad credit score is available for clients who have low credit scores due to past or present issues in the loan repayments and now looking for a new mortgage loan facility.
If a borrower has any issues in his credit history or low credit score then no bank or NBFC extends their loan facility to such borrowers despite the borrower having good property to offer as collateral. Credit scores can be affected due to following multiple reasons:
At Fund Source India, we help such clients to get loans against properties with bad credit scores through companies that are specially designed and interested in giving mortgage loans to such borrowers. These lenders are ready to understand the issues that affected their credit scores and If borrower is capable of overcoming these issues with their financial support then, a borrower can surely get a loan despite bad credit scores.
A Borrower’s credit scores also improved with the repayment of this new mortgage loan which is given against the monthly EMI repayment schedule, so this loan proved to be a great tool to improve one’s credit scores.
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