Fortnitemoney Brings Loans for Bad Credit with No Guarantor despite CCJ

United Kingdom/ March 5, 2019/ - Fortnitemoney provides loans for bad credit with no guarantor even if a CCJ has been issued against you, the big news for borrowers, who have been struggling to have the loan approved due to very poor credit score.

A CCJ is issued when a borrower fails to make repayments. These borrowers find difficulty getting a lender to sign off on loan application, but Fortnitemoney has decided to approve loan application of such borrowers if they have the repayment capacity.

“We understand everyone faces financial stress, no matter how much income you have,” said the CEO of Fortnitemoney. “We are direct lenders. Our responsibility is to provide financial assistance to as many borrowers as we can.”

“Many borrowers fail to pay off their debt because of financial instability. In fact, some get caught in the trap of loan sharks, who charge outrageously high interest rates. However, as a direct lender, we have decided to help such borrowers but on the basis of their paying capacity,” he further added.

Fortnitemoney provides bad credit loans regardless of borrowers’ credit scores. They need neither collateral nor guarantor. However, any new loan will be sanctioned only when they show settled CCJ on their credit reports.

“Every lender follows different criteria. The acceptance of a loan application does not depend on only credit scores. Chances are your scores might be relevant to one but not to other lenders. The rejection does not always account for poor credit scores. There might be several other chances. So if you have been denied from taking out a loan, does not mean that you cannot apply for the loan with us,” said the CEO.

Fortnitemoney suggests that borrowers should not make multiple applications because it results in multiple credit searches. This leads to negative impact on borrowers’ credit score. However, the lender does not follow the criteria of scores for bad credit loans for borrowers with CCJ. They can apply for the loan as long as they have the repayment capacity. The lender disburses money based on their affordability. This approach prevents them from falling into a vicious circle of debt.