Secured Loans From Optimum Credit Review

You can use the funds released for almost any purpose. The reason for “almost” is because part of Optimum’s Lending Criteria excludes the use of loans to pay for any matrimonial expenses, such as buying out your ex-partner following a divorce, for the transfer of equity or any business purposes.

Other than that, acceptable uses are for debt consolidation, home improvement, big-ticket life events like a wedding or a new car, or even a holiday.

Additional Perks of Borrowing from Optimum

• Unlimited overpayments

Pay beyond your minimum monthly payment by any amount without penalty. You can decrease your outstanding balance at any time by making additional payments. When you do, you remain in control of how that money is applied to your balance. You can either pay it towards your overall loan to decrease the length of time it’ll take you to repay it, or you can use the overpayments to reduce your future monthly payments.

• Knowledgeable staff and a friendly team of UK customer care agents

You’ll be taken care of throughout the application process, and the team are there for ongoing customer support throughout the term of the loan. If you ever experience difficulties repaying, they’re only a phone call away and are adaptable to the needs of their customers.

• Various Borrowing Options

 Variable rates and fixed rates are available on longer-term loans. For shorter-term loans, Optimum also offer discounted rates on 1, 2, 3, 4 and 5-year fixed rate terms.

The interest rate you can borrow at is always based on the level of risk you’re assessed as being. Not what a credit report says your risk level is but what the underwriters perceive from your application, the reason for borrowing, current salary and income and expenses.

• Manual Decision-Making Process by Experienced Adverse Credit Underwriters

All applications are dealt with individually. They’re reviewed, assessed and either approved or denied based on human decision making, using technology for data mining only. The approval or rejection is always based on a team of experienced financial experts, and even if you are declined, you’ll be given a clear explanation why.

For the highest chance of approval, apply either through an adverse credit mortgage broker or a financial advisor who can compare all the specialist lenders who can help you.

While Optimum Credit do have advisors on hand; they can only advise on their line of products, the same as all banks and building societies do.

For the best advice and custom quotations based on your circumstances, contact us today to find out how much cash we can help you unlock from your home, right when you need it most.