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. |
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Longer term poor/bad credit history unsecured loans |
If you've been refused elsewhere or have credit problems like... CCJ´s? Arrears? Defaults? Are you
on Benefits? Have Bad Credit? Self-Employed? Debt Problems? Refused Elsewhere? Blacklisted? No problem... Winchester Direct
can help! Further information here
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. Further information here
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Yes Loans are Bad Credit Loans Specialists. Yes Loans arranges unsecured loans & finance for both
Homeowners and Tenants, whatever your credit history. They can arrange loans for anybody, even those that have
previously been knocked back by high street lenders or those suffering with bad credit problems such as CCJs, defaults
or mortgage arrears. Applicants must be employed, UK resident for past 3 Years, over 18, working at least 15 hours per week
, 3 years of address history required fpr a bad credit loan.
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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.
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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.
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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. This product is a good alternative to a payday loan
if the customer is looking for a larger loan and a lower APR rate - payday loan APRs can be 1500% plus whereas Logbook Loans’
is 437%.
Further information on logbook loans can be found here
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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.
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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.
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