Whether you have a  bad credit history and are looking for what is often called a bad credit loan or are looking to improve your credit rating there are a number of options open to you. If you do have a bad credit history then you will be penalised by paying a far higher interest rate on your personal loan than someone with a good credit history so it is always advisable to try and improve your credit rating first. Below are a selection of lenders who specialise in loans for those with a poor credit history but do be aware that it is important to make sure you can afford the repayments or you will end up with an even worse credit history.

Longer term poor/bad credit history unsecured loans
Wentworth Direct Finance Unsecured Loans provide Unsecured loans for tenants and homeowners. Borrow £1,000 to £15,000 for any purpose. They can accept those who have: Been refused elsewhere, Problem cases, bad credit history,Judgements and defaults, Been blacklisted.

Yes Loans

Yes Loans arranges unsecured loans for both homeowners and tenants, whatever their credit history. They specialise in helping those that have been refused by high street lenders and those suffering with credit difficulties such as CCJs, defaults or mortgage arrears. They have a 35% market share in the unsecured loans market.

Credit Cards
Vanquis Visa Card
The Vanquis credit card is is a subsidiary of Provident Financial plc. The card is is designed for those with a poor credit history and can be used to help re-build a poor credit history. If you have a history of bad credit, a credit card could seem beyond your reach. In today’s world a credit card is a convenient and secure way of buying; allowing you to buy online, over the phone and spread the cost of everyday purchases. This Visa Card is designed for people with no credit history or who have previously had bad debt.
Further information on the Vanquis Credit Card can be found here

Payday Loans
Payday loans
Payday Loans are a short term solution for those with a poor credit history who need an emergency loan in a hurry. The loans are normally for amounts of less than £750 and for a period of less than 30 days.
More information on payday loans here

logbook Loans for car owners
Another form of borrowing for those with a bad credit history or bad credit rating is through logbook loans. These loans are normally available to those who own a car which is clear or nearly clear of finance.
Logbook Loans provide any purpose, no credit check cash loans secured on the value of the applicant’s vehicle. Loans are available from £500-£50,000 depending on the value of the car.

Free Credit Report
If you have ever wanted to see what is actually on your credit report currently there is a great opportinity to see you experian credit report for free here, Further information here.

Pre-Paid Cards
These cards are great if for keeping spending and budgetting under control. A couple of options are
The Bread Card - Prepaid Card
The BREAD Prepaid Maestro® card. It's not a credit card - it works like a pay-as-you-go mobile: you top it up with cash. It's the best thing since sliced bread
APS Group Cash Plus Pre-Paid
This is a Pre-Paid mastercard with the advantage that you automatically receive the gold card.

Loan options for those with a poor credit history or a bad credit rating.