BAD CREDIT LOANS

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 loans.

A lot of people seem to think that because they have credit problems they will never get a loan, this is certainly not the case as Welcome Loans UK can arrange unsecured loans for anyone, regardless their circumstances.

At Welcome Loans UK we believe a bad credit history is history and always look past that to arrange a customer an unsecured bad credit loan.

We can arrange bad credit unsecured loans for both tenants and homeowners.

At Welcome Loans UK we take everything into consideration to help you, as long as you are over 18, and are currently in employment then we can help you! So please don’t hesitate to apply today for a quick decision.

Bad Credit Loans - general 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, your credit history and you must be over 18.

If you have a bad credit history the first challenge is the amount that you can actually borrow, if you have a previous credit history of constantly missing payments then you are unlikely to be able to borrow whatever you like, however we take everything into consideration and work hard to get a suitable loan for you.

You may have to pay a higher interest rate as high street lenders have refused you.

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 shall be reduced dramatically.

The most important thing when applying for a loan with a bad credit history is that you do not take out a secured loan as you could find yourself in all sorts of trouble. Your home could be repossessed and you could face a visit from the bailiffs to claim your personal belongings.

Finally, always make sure if you take out a bad credit unsecured loan that you can meet the repayments each month as failure to do so could completely destroy your credit score.

Apply today for a quick decision!