Purchasing certain items requires you to go through credit checks. Therefore, sometimes not having the best credit score can get in your way. However, just because you have bad credit doesn’t mean your life is over, and you can no longer purchase anything. To provide you with some quality advice and assistance, we’ve come up with this piece on why not having a perfect credit score isn’t the end of the world in 2022. Carry on reading to discover more.
You Can Still Successfully Apply For Loans With A Low Credit Score
Are you looking to buy something significant that’s out of your budget right now, such as a new sofa or double bed? Perhaps you need a replacement item as soon as possible but can’t quite justify the cost yet, due to other bills. The solution could come from a short-term based loan to cover the cost for now.
Go and check out experts such as Payday UK, who offer pay day loans that you can rely on. Work with a broker who has access to market-leading lenders. Even with a lower credit score you’ll get an instant quote with no fees attached, with 90% of applicants successful on their application for their loan. So, go on, treat yourself and purchase that comfy sofa you’ve had your beady eye on for ages now.
You Can Still Purchase A New Mobile Phone With Poor Credit
Whilst it’s true that getting a contract on a more expensive handset will require more stringent credit score checks, there are still ways you can get a new smartphone when you have a poor credit history. You can choose to get SIM-only contracts on providers, which won’t require you to go through any credit checks at all. Do you need a smartphone for your job or in order to stay in touch with family and friends? Don’t worry, you can still get a top of the range phone with a monthly SIM contract.
Be Organised In Your Approach To Paying Your Bills
Many people exacerbate their credit score situation in no time by simply not getting on top of their bills. When you have lots of different household utility bills to keep track of and pay off in full, things can sometimes seem more complicated than they are. If you’re struggling to organise your invoices and keep your head above water with all your household paperwork, try and seek some assistance.
Book an appointment to go and speak with a trained professional at your local Citizens Advice centre so you can receive some helpful advice on how to pay your bills and keep everything well organised. Being prepared is everything. Write a note on your calendar marking the exact date when your monthly bills are paid off. It’s your responsibility to do your best to be aware of what bills you need to pay and when the money comes out of your account. Many people stumble into debt by simply mismanaging their bills.
It’s Not Impossible To Get A Mortgage For People With Lower Credit
It is possible to get a mortgage from lenders who specifically offer mortgages engineered towards individuals with poor credit scores. However, doing a fair amount of research before taking on a loan is vital, like anything in life. The important indicator that can tell you a lot about a mortgage is how high the interest rates are.
If the interest rates for a mortgage you’re considering taking out are sky-high, go elsewhere as you could easily get into further debt as you find it challenging to repay the high-interest rates. Try and find a mortgage that is a good fit for you and your situation. Can you realistically afford the interest rates and deposit fees? If so, go for it, and you still become a property owner despite your bad credit score.
Think Outside The Box
Try to be resourceful and think outside the box to help you purchase certain products regardless of your low credit score. For instance, having bad credit may make you ineligible for loans from retail furniture providers. Consider that you may not be able to get luxurious items with your current credit score.
However, provided that you make an effort to think outside the box a little, you can nevertheless still get your hands on lovely items. When it comes to furniture, why not look into buying a second-hand sofa from places like eBay, Gumtree, or charity shops. You would be pleasantly surprised by the quality of some second-hand furniture items sold these days. Also, you’ll be amazed at just how much cheaper top-quality second-hand sofas are. There’s certainly no shame in getting things second hand. If you spend your time and energy on keeping them well maintained, people will barely be able to notice the difference.
Money Helps In Life, But It Certainly Isn’t Everything
Having a lower credit score can make life a little tougher at times. But you should never lose sight of the fact that it’s crucial to remain grateful and appreciative for all that you’ve got in life. The most valuable and essential things in life are family and friends and looking after yourself and others. There are undoubtedly always millionaires out there who still feel unhappy and dissatisfied regardless of the amount of money they have.
Try and concentrate on living a happy life. Any extra money will give you a helping hand along the way and enable you to pay for essential things such as utility bills, shopping, council tax, putting fuel in your car, ensuring food is on the table for your family and so on. You don’t need wads of cash in order to live a joyful life and stay optimistic. If you’re a parent, you must also think about being a strong and supportive role model for your kids, instead of spending all your spare time worrying yourself sick about money issues.
You Can Always Seek Assistance From Charitable Organisations
If things are more of an issue and you are struggling to pay for certain things after you’ve been paid from your job, then you may need additional help. For instance, food banks run by charitable organisations have sprung up all over the UK in recent years. The goal of food banks is to provide non-perishable, in-date items of food and drink that the public has donated to those in need. Vulnerable groups in society in use food banks include people living in poverty, single parents with low incomes, and elderly individuals in need who may not have a sufficiently large pension.
You should never be afraid to ask for help if you need it. It’s much better to ask for a bit of assistance rather than to plod on suffering in silence when you simply don’t have to do so. Seek help from food banks if you need some extra cereal, tins, pasta, bread for your home. Food banks usually work closely with local councils. Is there a food bank operating in your local area? Go and find out more about it if you need it and this applies to you.