Ever since most of the planet's financial markets went into a frenzied freefall, those that slipped in the bad credit bracket, or those that already had a chequered borrowing history, found it almost impossible to find credit facilities.

We are not talking about those small cash loans here either. There were many people in the UK that suddenly found themselves, or more so, their property, in negative equity.

All of a sudden, established lines of credit, like credit cards, overdraft facilities were closed down without warning.

Threatening messages of repossession were sent out 'en-masse'. Wide spread panic actually engulfed a large portion of UK mortgage payers.

Houses were put up for sale. Prices crashed. Repossession loomed with no real solution available for those that had found it so easy to get a mortgage in the previous years but now were feeling the wrath of a collapsing housing market.

Despite what politicians would have you believe, the green shoots of recovery are not as wide spread as they would want you to believe.

Every week, hundreds of home owners are still having property repossessed and being forced to declare themselves bankrupt.

Most are choosing an IVA, or an Individual Involuntary Arrangement which usually ends up with their home being repossessed by the mortgage provider.

However, this need not be the case. There is a new breed of bridging loan lender available.

One that doesn't look at previous borrowing history when offering a short term solution to both IVA and property repossession.

A lender similar to Short-Term-Finance.co.uk for instance. This principal lender is not just a single lender, but a group of private individuals that have pooled their resources to minimise losses should a loan arrangement fail to be repaid by sharing the initial layout between two or 14 different lenders.

They will base the funding on the equity built up in the property that is either the threat of repossession, or that will need to signed over to go down the IVA route.

The funding that is set up can be used to clear any outstanding mortgage and/or secured loans completely freeing the property of the debt that putting it under the threat of repossession or the owner under the threat of bankruptcy.

The bridging loan then has up to a 12 month life span, so the property owner has then two available options which lead to clearing the bridging loan.

They can put the house on the market and wait to sell it. Once it is sold, they clear the bridging finance and should end up with a nice little nest egg in their bank account to restart their life, combined with a cleaned credit report.

Or they can find a new lower cost mortgage provider and carry on living in their home.

Either way, any threat of repossession is stopped, or the threat of having to declare ones self ex-sponged.

The whole process of being accepted and paid out on a bridging loan to stop repossession or an IVA can be completed with fund in the borrowers account within 48 hours if you deal direct with the lenders like those at Short-Term-Finance.co.uk who also lende to business owners or for commercial projects as well as those with a poor or adverse credit history.