Not everyone can have a perfect credit score, but it can be incredibly inconvenient if you do have bad credit. It can easily impact your everyday life and make things more difficult than they need to be. But the good news is that there are ways for you to still enjoy the good things in life, without the worry of your bad credit dragging you down. Here are some handy tips for living with bad credit.
Consider Car Leasing
If you find yourself in need of transportation, either for getting to work or running errands, but your car is no longer fit for the road, then you may want to consider car leasing. Many Brits have turned to car leasing in the past, and it is still common practice. Of course, you might assume that because of your bad credit score, this isn’t a viable option, but have no fear! If you visit the car leasing UK company CVS Ltd you’ll see that they allow people with bad credit to apply for car leasing agreement, whereas other companies would refuse them. Embarking upon this borrowing route will see you take out an agreement with CVS, where they will buy your car for you and then lease it back to you. It will then be down to you to pay back the money that you owe them, via a leasing agreement.
Rent with an Individual Landlord
You may think that because of your bad credit score, any rental applications you send out will be denied. And while it is true that most landlords will be put off by certain credit histories, that doesn’t mean you have to forget about your renting dreams completely. You can still look at rentals that don’t check credit, such as properties listed on Craigslist, where you can find rentals owned by individual landlords, as opposed to property management companies. Individual landlords are more likely to take a chance on tenants with a poor credit history. Just prove that you are trustworthy and have a solid income, and you won’t have to worry about your credit being a hindrance.
Use a Payday Loan Service
It’s still possible for you to get a loan with a bad credit score. By using a payday loan service, you can get money fast by receiving short-term loans (cash advances) without any bother. If you’ve had your loan requests denied in the past because of certain conditions, and are now finding yourself in a tricky situation, whether due to an unpaid bill or emergency, then it is worth considering a payday loan. It will cover you for 2-4 weeks, and you’ll need to repay just after your next paycheck.
Find a Guarantor
Another way to manage with bad credit is to find yourself a guarantor or cosigner. Being a guarantor means helping someone get credit, like a loan or a mortgage. Your guarantor will guarantee your loan by vowing to repay your debt if you find that you cannot do so. For this reason, you need to make sure that your guarantor is someone you trust, and who also trusts you in return. This can either be a close friend or family member.