Homeowner loans are secured against your property. We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. Any quote is inclusive of the Broker Fee and all associated costs which is calculated as 12% of the net loan amount, capped at a maximum of £4,495. Loans are subject to status, and the rate you are offered may change based on your individual circumstances. 12.4% APRC Representative.
Personal loans are unsecured. Ocean Finance is a trading style of Intelligent Lending Limited. We are a credit broker working with a panel of lenders to find you a personal loan. We receive commission upon completion. A Broker Fee is not payable. 61.94% APR Representative (fixed).
Getting accepted for a loan when you have a CCJ can be tricky, but it is still possible. There are lenders and brokers (like us) who can help find loans for people with CCJs.
Lenders view CCJs as a red flag. If you have unpaid debt, it shows that you've not managed money well in the past. And that means you are less likely to be considered for future borrowing.
Before you consider taking out a CCJ loan, you should ask yourself whether you (a) really need it and (b) can afford to repay it.
See if you're eligible in four simple steps - without affecting your credit score.
We’ll let you know if you’re eligible for a loan on the spot. If you are eligible, it's a case of choosing a deal that's suitable for you and finalising your application - the exact steps will vary depending on whether you apply for a secured or unsecured loan.
No matter which type of loan you choose, a full credit check will be completed when you apply. If you have bad credit, a CCJ, or any other serious money problems, you could be offered a higher rate of interest than you would with traditional loans. Affordability checks will also be carried out, which may require you to provide proof of income (e.g., payslips or bank statements).
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There are many things you can do to improve your credit score and increase your chances of being approved for a loan, like:
You can learn more about Ocean on our about us page.
Homeowner loans are secured against your property. This means your home may be at risk if you fall behind with your secured loan or mortgage repayments.
Remember, if you consolidate your existing borrowing, you may be extending the term and increasing the amount you repay in total.
