The good news is that the credit crunch and associated recession is 'over'
, the bad news is that finance and credit still remains incredibly difficult to get hold of. The reason for this is because money lenders are still very aware of the risk of losing capital and still see the unsecured loan market as a big risk. The good news is that there are options available if you're looking for more than just a payday or short term loan.
You may or may not have heard of guarantor loans. These are perfectly normal unsecured loans but with the advantage of being available to people who have difficulty in getting credit or are self employedd. Ther reason money can be lent in this way is due to the applicant requiring a guarantor to sign on the loan - this allows the lender to lend money, safe in the knowledge that their investment has extra security.
Self employed people have always had difficulty in getting credit, even before the credit crunch. That's what makes it amazing that these products are now on offer and can help people in this period of 'tightened' credit availability. It doesn't really matter what your self employed job is, as long as you can provide proof of earnings and have a suitable guarantor - you should be able to secure the credit you are looking for without the hassle or inconvenience of a door step or payday loan. Remember, that there are various forms of acceptable income proof, and most lenders will accept just a bank statement that displays your earnings going in on a regular basis - simple!