Compare Bad Credit Loans On Choose Wisely
Representative Example: Borrowing £4,000 over 36 months, repaying £195.16 best loan company for bad credit unsecured per month, total repayable £7025.76. Interest rate 49.9% (variable).
However if you simply want to get a bad credit loan to improve your credit rating then bad credit loans can be useful, however you must be sure that you can repay the entire loan and not fall behind on monthly repayments, and you need to be aware that you will probably end up paying a higher rate of interest than you might on other loans or credit cards. Lenders are also likely to take into account many other factors, such as your job, salary and if you own any property, because, as we mentioned earlier, they will see you as a high risk borrower. But if you can keep up with repayments and don’t allow the loan to push you further into debt that you cannot afford then you will be on the road to repairing your credit rating.
Bad credit secured loans are loans designed for people with poor credit histories who have been turned down by the mainstream lenders. Loans can be agreed for large amounts of up to £70,000-£75,000, although you could borrow as much £100,000 with the right lender. The loans are repaid over longer periods, typically 25-30 years, and are secured against your property.
We are an FCA licenced Credit Broker and not a lender, authorised by the Financial Conduct Authority under the Consumer Credit Act 1974, which effects introductions between borrowers and lenders as well as other brokers, for the purposes of entering into loan agreements. The operator of this website is not an agent or representative of consumers or any lender and does not endorse the services offered by specific lenders. Some of the lenders that we will refer your application to or introduce you to, will utilise the Continuous Payment Authority to continue to attempt payment from your debit card for your loan repayment, in accordance with their credit agreement with you. Some of the finance companies we may refer you to, that are included in our panel do charge an up-front free for the service they provide, which may be taken on the day of application or a future date. Always read the terms and conditions before agreeing to passing on your card details.
Do you need an easy payday advance from a direct lender? If you’ve got a job, we can work with you. When receiving consistent payments or pay cheques and have a bank account, we will send cash to you instantly. All of this can be authorised online in minutes. We can help you get fast cash, even if your borrowing history is bad. These are called pay day loans , because we rely on your employer’s pay cheque or similar earnings as evidence that you can repay.