PLEASE HELP!! I need an UNsecured Personal Loan - but have Bad Credit!!

rolandi · 3 June 2011 at 5:12PM

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Hi Guys

Can anybody please advise a reputable loan company in the UK that will consider offering an UNsecured personal loan for approx £12,000, even though I have a bad credit history?

I understand that the interest rate repayable will very likely be much higher than usual, but an desperate for the loan and need suggestions as to a decent lender please, who will lend, regardless of my credit history.

Thanks guys! Please help me:)

Tixy · 3 June 2011 at 5:16PM

Nobody will lend that sort of money unsecured regardless of your credit history.

Can you give some more information as to what you mean by a bad credit history (are you talking about a few late payments or CCJs and defaults) and what you need the money for and people might be able to suggest other options.

rolandi · 3 June 2011 at 5:26PM

Hi Tixy, thanks for your reply. I very urgently need the money for mostly a trip to see an ill relative soon who lives overseas.

I have had a couple of defaults, with just one left outstanding and lots of late payments on credit cards. Also a couple of late mortgage payments. I've received CCJ letters before, but I have always agreed a payment arrangement and never had to go to Court etc.

rolandi · 3 June 2011 at 5:27PM

To add to this, I work, but my salary is very low and I currently have none spare.

Apples2 · 3 June 2011 at 5:29PM

rolandi wrote: »

To add to this, I work, but my salary is very low and I currently have none spare.

How do you think you will be able to repay a loan?

rolandi · 3 June 2011 at 5:29PM

Are Yes Loans or Wentworth Direct reputable Lenders, would anybody recommend them or to steer clear of them, even in emergency? Please advise, thanks!

rolandi · 3 June 2011 at 5:30PM

Apologies for not being very clear. I would repay a loan out of my salary, monthly over a number of years (I have worked out an amount I could repay monthly). But I don't currently have enough spare to pay for the entire trip etc, is how I meant.

ged1980 · 3 June 2011 at 5:36PM

12 grand to fly overseas? i knew fare's had went up but by that much?

RichGold · 3 June 2011 at 5:36PM

rolandi wrote: »

Are Yes Loans or Wentworth Direct reputable Lenders

By reputable, do you mean they will not bother you when you fail to repay what you've borrowed? As that is not the definition of reputable.

Spring_Time · 3 June 2011 at 5:37PM

I really can't see anyone lending that kind of money given your history, sorry

You will find sites that will promise you that they will find a lender and most likely ask for a small fee for this. Then they will come back with (IF) any that have stupid terms, such as needing a guarantor and willing to lend £1000 with stupid amounts to repay. I know as we fell for this about 9 years ago! Maybe things have changed?

12k to travel abroad is such a lot of money, we can do a holiday abroad for a family of 4 for 2 weeks for under 2k. Are you sure you need that much?

Saints2011 · 3 June 2011 at 5:37PM

People don't learn

PLEASE HELP!! I need an UNsecured Personal Loan - but have Bad Credit!!

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