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bad credit loans?

Mark_stimpo
Mark_stimpo Posts: 9 Forumite
in Loans
Hi everyone, my question is, if you have a bad credit history is it possible to get a loan? as i would like to pay off all my loans and have 1 monthly payment a month, most of my debts are with debt companys now, so i could offer a reduced payement to clear the ebt, but i need the capital, ive tried many places but had no luck! also i am not a home owner.

Thanks
Mark

Comments

  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You kind of answered your own question.

    If your current debts are with collection agencies, it is very unlikely anyone is going to give you a loan due to the almost certain prospect of not getting anything back.
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