Bankruptcy loan

Bankruptcy is a way of handling debts a person is unable to pay. Being declared bankrupt means the slate is wiped clean – eventually, but not without losing all control over one's assets.

A bankruptcy loan can help avoid the pain of insolvency by consolidating all your debts, reducing your outgoings and helping you to stay within your budget and fight off bankruptcy.

There are also bankruptcy home loans and bankruptcy car loans made available to those that have been declared bankrupt as a way of helping them recover and fund necessary purchases.

Those that have faced or are in the process of bankruptcy will often find it difficult to obtain credit when it is needed most due to a bad credit history. Lender specialists can help you in your search and making obtaining credit easier through bankruptcy loans.

However, due to the perceived higher risks associated, interest rates will often be far higher so it is important to search the market thoroughly for the best bankruptcy loan available.

	Derbyshire BS cuts personal loan rate to 5.1 per cent The Derbyshire Building Society has cut the rate on its personal loans between £7,500 and £10,000 to just 5.1 per cent taking it back to the top of the best-buy tables along with the Clydesdale.
	Clydesdale Bank cuts loan rates to leap to top of best-buys The Clydesdale and Yorkshire Bank has cut the rate on personal loans between £7,500 and £15,000 to 5.1 per cent beating the Tesco Bank deal to go to the top of the best-buys.
	Derbyshire BS cuts personal loan rate to 5.4 per cent The Derbyshire Building Society has cut the rate on its personal loan between £7,500 and £14,999 to 5.4 per cent matching the deal from Sainsbury’s Bank.
	Sainsbury's Bank cuts personal loan rate to 5.4 per cent Sainsbury’s Bank has cut the rate n personal loans for Nectar card holders to just 5.4 per cent for people who borrow over a one to three-year term.
	M&S unveils best-buy personal loan rate at 5.5% Marks & Spencer has launched a new personal loan for applicants who want to borrow between £7,500 and £15,000 over a 1-5 year period at just 5.5 per cent.