Case study - Self-employed, home improvements with quick turn around

Earlier this year, we helped a single applicant raise money for debt consolidation, as they wished for a sense of financial stability.

The applicant was looking to borrow a total of £22,000 to pay off multiple lines of credit, including credit cards, an unsecured loan and an overdraft built up from financial constraints.

The applicant had previous adverse credit in 2020, however, due to flexible criteria we were able to discount the adverse credit, as it was over a year ago.

Despite the challenges, not only were we able to secure the lending that they needed, but they were able to reduce their monthly outgoing by over £300 a month, as they benefit from a lower rate. Having just one loan has made it easier for the applicant to manage and keep track of her payments whilst being able to budget easily.

The client received the funds just 9 days from when we obtained their documentation, allowing them to get on top of their finances quicker than expected.

Tara Evans, head of direct sales said:

“At Central Trust, we understand there’s more to your story than your credit score or your recent pay slip. This is why we look at each individual application by its own merit and this case is an example of just that.

“We could see from this applicant’s payment history that they have kept good conduct since their previous credit blip and now have an opportunity to repair and rebuild.