Even if you have had CCJ’s, arrears, are self employed or have no credit history, there are a few lenders who specialise in offering finance and fast personal loans when you have some poor credit.
Get personal loans poor credit today
Specialist lenders understand that just because you have run into financial problems in the past, it doesn’t necessarily follow that you will be unable to meet your financial commitments in the future.
They provide Personal Loans Poor Credit to many types of applicants, even discharged bankrupts, as long as the borrower can afford to meet their monthly repayments. Fast Personal Loans with poor credit are available for both tenants and home owners with bad credit history.
If you have run into serious arrears, perhaps because you get divorced, fall ill or lose your job, you are likely to have a poor rating. Minor blips on your record, such as missing a credit card payment, failing to pay a parking ticket or forgetting to settle a utilities bill, can also affect your eligibility for credit.
Most mainstream lenders will reject applications from people who have a bad history such as County Court Judgments CCJ’s, defaults and bankruptcy.
Companies suitable for personal loans with poor credit
You can also be rejected for a personal loan or mortgage for a wide range of relatively minor problems such as not being on the electoral roll, not having a bank account, receiving income benefits and even making several applications for credit in a short space of time.
Figures from analyst Datamonitor estimate that 9.1 million people were refused credit by mainstream lenders in 2005. Getting credit can sometimes seem like an impossible task and it’s easy to get despondent if you’re turned down.
The adverse credit market has become far less competitive in recent years with the differential in rates between bad credit and good credit products increasing significantly.
However, a few reputable lenders still offer personal loans having poor credit, credit cards and mortgages for people with bad debts, CCJ’s or even a past bankruptcy on their credit file. There is no such thing as a credit blacklist detailing people who shouldn’t be lent money or blacklisted loans.
Each lender will have their own criteria for determining whether to accept you as a customer, they will use the information you provide on the application form and the contents of your credit file to make a calculation on your “risk” as a potential customer. We advertise a number of lenders that you can apply to for Personal Loans With Poor Credit.
Searching for personal loans and have poor credit?
Unsecured personal loans with a poor credit rating are becoming a popular way to borrow money when you need to. Sometimes unexpected emergencies pop their heads up at the worst times in your life, but you still have to deal with them as best you can.
If you have poor credit and you need to take out a new personal loan, there is no point in you applying to a “main stream” bank or lender, as it is probable that they will turn down your application.
However, the are loan companies that will accept new personal loan applications from people with poor credit and we show links and banners for some of these companies throughout our website for your consideration.
You can apply online here
Whether it is a payday type loan or an unsecured personal loan, you should be able to see something that may be of interest on this page. You might also want to consider a guarantor loan, if you have a suitable guarantor you can use.
The successful guarantor loan application will depend on the score, income, etc. of your guarantor and not you necessarily, which means your poor credit will be a lot less significant.