Main site > Forums > Essential Money > Loans > Reputable lenders for poor credit history - not b... (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Reputable lenders for poor credit history - not brokers?
Closed Thread
Views: 20,539
Thread Tools Search this Thread Display Modes
# 1
Old 07-04-2009, 3:30 AM
MoneySaving Newbie
Join Date: May 2007
Posts: 8
Default Reputable lenders for poor credit history - not brokers?

Hi there,

I'm wondering if anyone can help me.

I have just been [TEXT DELETED BY FORUM TEAM] by best4loans after paying a "brokerage fee" of 49.80, being told my loan was agreed and would be in the bank in 3-5 days time, then told actually it was declined. That is a different story though, one which i will keep fighting til i get my brokerage fee back.

What I would like to know is if anyone knows of any reputable lender's, not brokers or websites claiming they will seach hundreds of lenders on your behalf, but the actual lenders themselves who i can approach directly with poor credit but with proof of income and ask for a loan?

Everytime i try and google it every link i click on just takes me to another site who are a broker promising they will find the right deal for people like "me" but i don't want to contact loads of brokers and make my credit file even worse with lots of checks and searches on it, i just want to know if anyone who does have particularly bad credit can recommend a lender who was able to help.

My circumstances are that i am working full time, i am on the electoral roll, i have proof of income which is approx 13,000 p/yr - i am a tenant and want to borrow 2000 towards a new car. I don't want somewhere i have to buy the car from them to get the finance, i have already saved 2000 myself and just want a loan to give me the other half the money.

Sorry for the essay, any help would be much appreciated.

Many thanks

Last edited by MSE Investigator; 11-12-2011 at 1:57 PM. Reason: Pending investigation
emma81 is offline
Report Post
# 2
Old 07-04-2009, 9:02 AM
Fantastically Fervent MoneySaving Super Fan
Join Date: Sep 2004
Location: West Midlands
Posts: 3,830


Try the loan search on - that might give you some leads.

However, your best bet might be to buy a 2000 car if you aren't prepared to get a loan from a car dealership.

Smile , it makes people wonder what you have been up to.
Rafter is offline
Report Post
# 3
Old 07-04-2009, 9:27 AM
Serious MoneySaving Fan
Join Date: Sep 2007
Posts: 904

Your best bet would seem to be a credit union. With them you have to save up weekly and after a while you are allowed to borrow up to 3 times your savings. The interest rates are limited and, while not guaranteed, they grant credit at reasonable rates (say 14% p.a.) to people in worse circumstances than you.

You've managed to save 2,000 on a low income, they are looking for people like you. You need to find one in your local area / covering your job type. There is a directory of them here
sdooley is offline
Report Post
The Following User Says Thank You to sdooley For This Useful Post: Show me >>
# 4
Old 07-04-2009, 10:03 AM
Fantastically Fervent MoneySaving Super Fan
Join Date: Jul 2006
Location: Somerset
Posts: 4,366

Honestly, you can buy a perfectly decent reliable car for 2000 these days.
iolanthe07 is offline
Report Post
Closed Thread


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.

All times are GMT. The time now is 12:18 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 25 March 2015

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed


Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

MSE's Twitter Feed