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FinanceNew Comparison Site BadCredit.co.uk Addresses the Needs of 1.8 Million Monthly Google...

New Comparison Site BadCredit.co.uk Addresses the Needs of 1.8 Million Monthly Google Searches for ‘Bad Credit’

A recently launched comparison website, BadCredit.co.uk, is now available in the UK, aiming to cater to the 1.8 million individuals who search for terms related to bad credit each month. This innovative platform utilizes cutting-edge technology to swiftly connect users with lenders offering as low as a 12.9% Annual Percentage Rate (APR).

BadCredit.co.uk operates by evaluating user-submitted details and identifying the lender on their panel that offers the lowest APR and is willing to approve the applicant. Unlike some other comparison websites, which are owned by product providers with a vested interest in promoting their products, BadCredit.co.uk remains entirely independent and unbiased.

Using BadCredit.co.uk’s matching service can not only save applicants time and money but also help protect their credit scores, as the platform performs only a soft search when providing a quote.

BadCredit.co.uk offers access to over 70 providers, providing a price comparison service for individuals in search of loanscredit cards or car finance. These individuals often face difficulties accessing loans from mainstream lenders due to their low credit scores.

Paul Gillooly, Company Director at BadCredit.co.uk, emphasized the significance of their service, stating, “Google data shows that every month, 1.8 million people in the UK are searching for terms like ‘bad credit loans’ or ‘bad credit car finance’ and overall these numbers are increasing. ”

“This segment of the credit market tends to be neglected and underserved. People with low credit ratings still encounter emergency financial needs but tend to be excluded by traditional lenders and the big comparison sites.”

BadCredit.co.uk-approved lenders perform a soft search on a user’s credit history and utilize the provided information to identify the most cost-effective lender on their network likely to approve the application. Users receive a no-obligation quote from their matched lender, and if they choose to proceed, a hard search is conducted to finalize the application.

Paul further explained, “Although we identify as a comparison site, due to the fact that many of our users are having problems getting a loan, the emphasis is more on finding a lender that will accept the applicant based on their credit history. Unlike other comparison sites, it’s not necessarily about presenting the cheapest whole-of-market loan but more about finding a willing lender for our customers.”

For additional information, please visit www.badcredit.co.uk.

News Desk
News Deskhttps://www.businessmanchester.co.uk/
The Business Manchester News Desk team is a collective of experienced journalists and editors dedicated to delivering comprehensive business news and insights from the Manchester area and beyond. With a strong background in finance, technology, property, and innovation, our team ensures that our readers stay well-informed about the latest trends and developments in the business world. Through in-depth reports and insightful analysis, the Business Manchester News Desk team is committed to providing high-quality journalism to its audience.
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