Poor and Bad Credit

A poor credit history can make it difficult to obtain a loan especially from a high street lender.

There are many causes of bad credit including County Court Judgments (CCJ), mortgage areas, redundancy or the breakdown of personal relationships.

Some lenders are, however, prepared to consider people who have a low credit score, experienced bad credit or debt problems or had difficulty obtaining borrowing money.

Generally it is easier to obtain a loan with bad credit if you are a homeowner and can offer your home as security. 

You may also want to consider some of the specialist companies who can help with specific issues relating to loans. 

There are some companies who specialise in payday or month end loans.  These loans for a short period to tide you over until your pay cheque or salary transfer reaches your bank.  Payday UK and Month End Money offers month end loans.

Once you have a found a lender who could meet your needs, the first thing to do is to fill in an application form.  It is often helpful to complete several because each lender sets their own criteria and the fact that one turns you down does not mean that all of them will.  Also you will ideally want the opportunity to compare the interest rate (APR), set up fees and other charges.

Lenders or finance brokers who are often sympathetic to borrowers with a poor or sub-prime credit history include:

Secured Loans

• Click Compare
• Promise Finance
• Shakespeare Finance
• Regal Finance  

Unsecured Loans

• Click Compare
• Shakespeare Finance

Payday Loans

• Month End Money
• Pay Day Express
• Payday UK

Car Credit

Accept Car Credit

FULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.