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  • FIRST POST
    Spanish868
    Best Direct-lender loans for people with very bad credit??
    • #1
    • 23rd May 09, 9:29 PM
    Best Direct-lender loans for people with very bad credit?? 23rd May 09 at 9:29 PM
    Official MSE Insert:

    If you've arrived from Google, our fully researched Personal Loan guide may be helpful. It's also worth reading our Debt Help guide.

    Back to the original post...

    Does anyone know any direct-lenders that offer loans for people who have very bad credit?? :confused:


    Cos ive seen all these ones like YesLoans and Wentworth loans,
    but all they actually do is 'look for loans for you if you pay them a fee to do that',
    but dont actually lend diurectly to you themselves.


    But so does anyone know of any direct lenders??



    Thanks
    Last edited by MSE Zorica; 16-01-2014 at 5:51 PM.
Page 1
  • mrcow
    • #2
    • 23rd May 09, 10:23 PM
    • #2
    • 23rd May 09, 10:23 PM
    Never ever ever pay anyone to look for a loan for you.

    They will take your money and run.

    The first thing is how much is the loan for? And what is it for? The problem you have is that so many lenders have closed their doors to higher risk clients given the current financial climate.

    If the loan is for refinancing, then there may well be alternative options.

    When you say "Poor credit" what do you actually mean? Have you got CCJs or defaults or late payments? Are you on the electoral role? Are you working? And have you recently looked at your credit file?
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • debtdestroyer007
    • #3
    • 23rd May 09, 11:03 PM
    • #3
    • 23rd May 09, 11:03 PM
    blackhorse
    everydayloans
    blackheath
    http://www.realpersonalfinance.co.uk/

    TBH, the APR here is sky high..... you have been warned mate



    and
  • Spanish868
    • #4
    • 23rd May 09, 11:08 PM
    • #4
    • 23rd May 09, 11:08 PM
    Never ever ever pay anyone to look for a loan for you.

    They will take your money and run.

    The first thing is how much is the loan for? And what is it for? The problem you have is that so many lenders have closed their doors to higher risk clients given the current financial climate.

    If the loan is for refinancing, then there may well be alternative options.

    When you say "Poor credit" what do you actually mean? Have you got CCJs or defaults or late payments? Are you on the electoral role? Are you working? And have you recently looked at your credit file?
    Originally posted by mrcow


    lol

    Dw i wouldn't ever pay for anything like that.


    The loan is for 4,000 and its for a medical operation.

    And by bad credit its for 2 creditcards (both with halifax) totalling 7,500 which have defaults on as i wasnt able to make payments for the last 6months on either of them.

    Ive now finally managed to setup a 50 per month repayment to them though with them having frozen interest on it.



    Im not currently on the electoral role as im 20 as so i wasnt able to vote at the last election,
    but im planning on registering for the next election, so could do it very soon if it would help much.

    And ive started a new job last week, with salary of 26,800 per year.
  • Spanish868
    • #5
    • 23rd May 09, 11:11 PM
    • #5
    • 23rd May 09, 11:11 PM
    blackhorse
    everydayloans
    blackheath
    http://www.realpersonalfinance.co.uk/

    TBH, the APR here is sky high..... you have been warned mate



    and
    Originally posted by debtdestroyer007

    thanks mate
  • debtdestroyer007
    • #6
    • 23rd May 09, 11:12 PM
    • #6
    • 23rd May 09, 11:12 PM
    well.... with defaults ur options are very limited... try those companies i mentioned. good luck
  • mrcow
    • #7
    • 23rd May 09, 11:13 PM
    • #7
    • 23rd May 09, 11:13 PM
    tbh you're going to struggle. You have to get on the electoral role. And you need to get a few months of payslips behind you too. No one is even going to look at you otherwise - add the problems you had with Halifax on top and in today's climate, you're cutting down the lenders that will touch you dramatically.

    Have a look here: http://www.moneysavingexpert.com/loans/credit-rating-credit-score about how credit scoring works. You're currently going to be scoring very low on all counts.

    How urgent is the operation? Is it not something that you can get referred for by your GP? If it's non urgent, then you at least have time that you can buy yourself.
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • ILW
    • #8
    • 23rd May 09, 11:21 PM
    • #8
    • 23rd May 09, 11:21 PM
    Why not use the NHS. Its free?
  • Spanish868
    • #9
    • 23rd May 09, 11:40 PM
    • #9
    • 23rd May 09, 11:40 PM
    tbh you're going to struggle. You have to get on the electoral role. And you need to get a few months of payslips behind you too. No one is even going to look at you otherwise - add the problems you had with Halifax on top and in today's climate, you're cutting down the lenders that will touch you dramatically.

    Have a look here: http://www.moneysavingexpert.com/loans/credit-rating-credit-score about how credit scoring works. You're currently going to be scoring very low on all counts.

    How urgent is the operation? Is it not something that you can get referred for by your GP? If it's non urgent, then you at least have time that you can buy yourself.
    Originally posted by mrcow


    It is extremely urgent as im prevented from doing alot of normal life stuff until i can get it.

    However if assessed it would fall under 'pyschological', not 'physcial need'.
    (Ive suffered from BDD for 10years now)



    Im going to try saving 400 per month from my salary,
    but that means i wont be abel to get it till next year in easter.
  • mrcow
    Sorry i don't know what BDD means.

    If it's any help though, I know people who have had "cosmetic" surgery through the NHS because of psycological issues.

    Rather than a loan....your first step should be a candid appointment with your GP. What do you have to lose?
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • lodzor
    well done have fun saving !!
  • Spanish868
    Sorry i don't know what BDD means.

    If it's any help though, I know people who have had "cosmetic" surgery through the NHS because of psycological issues.

    Rather than a loan....your first step should be a candid appointment with your GP. What do you have to lose?
    Originally posted by mrcow

    It means Body Dysmorphic Disorder.


    Back when i was very young i used to see so so many different types of doctors and had so many tests that at the time they just confused me.

    I saw 2 neurologists, an occupational therapist, had 2 mri scans, saw a 2 groups of child pyschologists,
    and cant remember all the others.

    But so in my medical history that will all be there.


    However the amount of people who will be trying to get cosmetic surgery on the nhs is huge,
    and only a fraction of them actually get it.

    And it takes 2 t 5years before you would get that even though.
  • mrcow
    Well next Easter is no time at all. It may seem a way off, but once you start saving and you can see that you are doing something positve and constructive about getting what you need then it will really help too. If you're saving, then it's a really positive thing to do.

    I still think you should ask your GP again. At the very least to just double check that there is nothing that they can suggest.
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • Spanish868
    Well next Easter is no time at all. It may seem a way off, but once you start saving and you can see that you are doing something positve and constructive about getting what you need then it will really help too. If you're saving, then it's a really positive thing to do.

    I still think you should ask your GP again. At the very least to just double check that there is nothing that they can suggest.
    Originally posted by mrcow


    Thanks for being so helpful mate.


    While next easter doesnt seem very long time, it means that i basically cant do any of the normal stuff i would like to do and cant live normal life and wont feel happy until then...

    And so constantly every few minutes of each day during the week and on the weekend my mind will feel sad n miserable and uncomfortable.
  • angel81
    Hi there

    I've looked up BDD on wikipedia and it certainly isn't a nice condition to have. However, it doesn't look like cosmetic surgery is the right answer:
    "Many individuals with BDD have repeatedly sought treatment from dermatologists or cosmetic surgeons with little satisfaction before finally accepting pyschiatric or pyschological help. Plastic surgery on those patients can lead to manifest pyschosis, suicide or never ending requests for more surgery".
    You should research other treatments on the internet and go and talk to your GP about those instead - Good Luck
  • greta80
    Hi guys!
    How can I get a loan with pooooor credit, below 460, 1 missed payment, late payment? it is urgent.
    we have not got loan even for consolidation, ex Wentworth Finance.
    Have loan and 2 car finance w Black Horse
    Total 20000, monthly payment 750 Pounds, what is tooooo much.
    Have been talking w Payplan, sounds good, just consolidate the 2 personal loan 10k, and 2 credit card 700, payment 500 for these at the moment DD WHAT is high, and just carry on the car finances.BUT, i need some cash inthe nxt weeks, also have out cheques 700 with moneyshop.
    Any advice?
    I am desperate!
    I really can t believe we don't get a help!There is not low the credit score to pay 750 back in a month?
    unsecured, we are tenants.
    Thanks reading this!
    Last edited by greta80; 18-06-2009 at 7:03 PM. Reason: desperate about help
  • mrcow
    Hi guys!
    How can I get a loan with pooooor credit, below 460, 1 missed payment, late payment? it is urgent.
    we have not got loan even for consolidation, ex Wentworth Finance.
    Have loan and 2 car finance w Black Horse
    Total 20000, monthly payment 750 Pounds, what is tooooo much.
    Have been talking w Payplan, sounds good, just consolidate the 2 personal loan 10k, and 2 credit card 700, payment 500 for these at the moment DD WHAT is high, and just carry on the car finances.BUT, i need some cash inthe nxt weeks, also have out cheques 700 with moneyshop.
    Any advice?
    I am desperate!
    I really can t believe we don't get a help!There is not low the credit score to pay 750 back in a month?
    unsecured, we are tenants.
    Thanks reading this!
    Originally posted by greta80

    Yes - I've got advice.

    Stop living outside of your means and get grip.

    You don't need cash urgently. What you need is someone to shake some sense into you. I sincerely hope that no finance company will touch you with a bargepole (I doubt they will anyway)......as the last thing you need right now is more debt.

    Call Payplan back and start talking properly about the options that are open to you.

    If you don't want to speak with them, then cal CCCS. It's free and they know what they're talking about.



    And welcome to the boards.
    "One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
    Because by then you've blown your chances. That's it."
  • Angel89
    UPDATE-

    Ok well i had an unbelieveable extremely good bit of luck!!


    When i was at my family house looking through my dads filing cabinet for some document i needed to do with my passport i saw a folder called 'childrens savings accounts'.

    I looked in it and there was a folder in my name.

    I looked through the documents that were addressed to me and they were letters and certificates from the last 6years saying i have 4,650 invested in NS&I premimum bonds,
    and that i have a private pension fund setup with about 1,250 in it currently but with 125 being paid into it each month, and that by 2054 when im estimated to retire i will get payout of 116,000!!



    I actually did fall off my chair when i saw all this!! lol

    Since i am destined to be filthy rich and 1 of those old men who drives aroud in a ferrari getting fit girls once i retire,
    without even having known about it!! And have been living my life feeling poor and scared and miserable constantly.


    So i no longer need the loan as i am going to use the 4,650 to pay for my operation.

    (ALthough i currently owe 2months rent (1,350) so im going to have to pay for that from this.




    But to make sure that i dont have any 'uncontrolled debt' on my file, as for the job that im going for you cant have any ''uncontrolled debt'',
    i also managed to setup an agreement with the bank that to pay off the 8,000 creditcard bill i got over 1year ago i will pay them 50 per month,
    and they will update my credit file to show a repayment plan is in place.
    (Although they only agreed to lower my interest rate to the lowest they offer 12.5%, from what they were charging initially which was 20 or 30%. And so i worked out that they arent actually getting any money back from me, they are simply adding more money on each month in the form of interest and then having that paid off through the agreement! Which is totally fine by me as i view debt as an adjective not as a noun, and so ive taken care of mine now) LOL

    And so the letter that i wrote them, (i posted it on here about 2months ago and got a huge number of angry responses to it from people saying that the bank wouldnt listen to me being 'rude'),
    turns out that thats what does work with banks.
    Last edited by Angel89; 18-06-2009 at 7:28 PM.
  • greta80
    Thanks MRCOW, YOU have right.We
    had a long chat with my husband, and will try to resolve it. I will call tomorrow the lenders and talk with them first, make some cuttings back this summer, and try to pay back earlier the credit cards.
    If this won t work we still can have the Payplans' help.
    also, I will focus to claim back some charge from Capital One and Vanquis Bank.

    Good luck to everyone!
    T
    Yes - I've got advice.

    Stop living outside of your means and get grip.

    You don't need cash urgently. What you need is someone to shake some sense into you. I sincerely hope that no finance company will touch you with a bargepole (I doubt they will anyway)......as the last thing you need right now is more debt.

    Call Payplan back and start talking properly about the options that are open to you.

    If you don't want to speak with them, then cal CCCS. It's free and they know what they're talking about.



    And welcome to the boards.
    Originally posted by mrcow
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