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I need a loan? Any suggestions where I can get an unsecured loan? I have poor credit history.
I have tried bank, black horse and welcome finance but not been successful. Please help with any suggestions and not the ones where you pay admin fee as they are cons. Its in UK i need. Thanks x
13 Answers
- Anonymous1 decade agoFavorite Answer
If Black Horse and Welcome have turned you down, then there are no other lenders who will lend to you - these are the most liberal lenders on the market. Why do people think they will be trusted with an UNSECURED loan with poor credit? No collateral, evidence of poor repayments and no way for the bank for the bank to recover even a small amount of its costs - people need to stop and think.
Ever considered the old fashioned way or working and saving?
Source(s): Systems Engineer for large bank - Anonymous5 years ago
Today the lenders have started offering nearly all varieties of loans for people with poor credit record.They are also introducing many new loan products meant for this group. Now people with poor credit can get the same choices as those with the good or mediocre credit. Today you can use bad credit personal loans for many purposes like car purchase, vacation or even debt consolidation. But if you have some assets to offer as collateral, your chances brighten. The primary reason why people with poor credit history do not get loans is because the lenders are scared that the borrowers will default again. But if you can offer collateral, your lender is secure in the knowledge that his money is in safe hands. You have to try and meet the repayment schedule, failing which you lose the asset. If you do not have collateral, go for an unsecured personal loan, which is rare for people with bad credit. It is necessary that your credit record should be clean for an unsecured personal loan. However, some lenders can accept your case due to inevitable reasons.
- 1 decade ago
You don't need a loan you need credit counseling. Take a deep breath look around you and do not borrow any more money from anyone. Change your lifestyle and downsize, quit spending, and pay back the debt you currently owe. In the end you will emerge with good credit and you will be in control of your life instead of your life being in control of you. I did it and so can you.......
- 1 decade ago
I would speak to an independant financial adviser as they have access to muxch much more banks and financial institutions and know where to go.
Also you may find it difficult just now in today's current climate as banks are now becoming more selective of who they are allowing to borrow money from them.
Be careful as sometimes if you have bad credit history companies can look to cash in on this and have people paying interest margins that are way to high and means you pay far to much back for what you borrow.
Speak to an IFA
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- 1 decade ago
If you have a bad credit record,it can be hard. Check you credit,you can do this on line. If it is very bad then you have limited options and it is going to be expensive. It also depends on how much you need to borrow,what it is for and what you are offering as security. ( ie House )
email me if you wish and I can try and point you in right direction.
Good luck
- Anonymous1 decade ago
You need a loan, looking for unsecured loan, you have poor credit history. check this site http://www.instantcashloanuk.co.uk/unsecured-loans...
- Anonymous1 decade ago
There are no easy answers for you.You are open to an onslaught of deceitful characters who know you have everything to lose.Without family assistance your situation appears bleak.
- Anonymous1 decade ago
Please dont be insulted, but if you are on any benifits, you can get an interest free loan from the social, suppose it depends on how much you wanna borrow tho.
- Anonymous1 decade ago
well you can get bad credit loan
my friend got loan for that of 10000$
http://pisco.tk/ > loans sections > Bad credit loans
check all link in that and search for best lender and also lowest interest