Bad Credit Loans

Bad Credit Loans from Between £250 - £10,000.

Bad credit loans, or sub -prime loans are for applicants that have been refused credit, due to having a bad or adverse credit history. This could be down to having county court judgements (CCJ’s) or defaults on their credit agreements. Generally with bad credit loans the APR rate is higher than a typical high street lender, but unlike a high street lender the acceptance policy is far less strict.

A lot of bad credit loans are unsecured, so the loan terms are more flexible and you will not have to put your home at risk. A bad credit unsecured loan is best suited to applicants who have been refused finance elsewhere by banks and other high street lenders and can be the perfect choice for those who have been refused finance.

A lot of people seem to think that because they have credit problems they will never get a loan, by using our loan finding service we have over 400 lenders to choose from, a lot specialise in bad credit loans so we will always do our utmost to find you a loan if you have bad credit.

Bad Credit Loans – Key information

With a bad credit loan the amount which you can borrow shall depend on several factors, such as your current employment status, your monthly income and you must be over the age of 18.

If you have a bad credit history the first challenge is the amount that you can actually borrow, once you start to make payments to your lender then they may consider lending you a larger amount.

You will have to pay a higher interest rate than a loan from the bank or a high street lender.

Always remember that if you are successful in your loan application that although the interest rates may be high, this is a chance for you to start again and build up your credit history. After you show you can repay the loan with no difficulty then the next time you need a loan the interest rates may be reduced by the lender.