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A loan with bad credit, will anyone lend?

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I am in need of a loan and have pretty bad credit I need about 10,000 but noone is interested and I get turned down straight away and there are about 20-30 companies around like yes loans which I wouldn't go near, so what i'm wondering is there anyone out there who will give me an unsecured loan with a bad credit profile that isn't out to rip me off?

I'm not holding out much hope but just wondered if I was bypassing a legit company?

Thanks
Chris

Comments

  • the more you apply the worse it gets as the applications are logged on your credit files and too many smacks of desperation,add that to a bad rating anyway and the outlook i`m afraid is bleak
  • Joeler
    Joeler Posts: 179 Forumite
    Have you looked at your credit reports? If so what is wrong with them? If not you need to before anyine can offer you more advice.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    Frankly, if you have a bad credit history and want a £10k unsecured loan, no decent lender is going to touch you. A sub-prime lender will assess (understandably) that there is a strong chance that you will not repay in full and on time, and any interest rate you get quoted will reflect this. You would be much better to visit the debtfreewannabe board and seek advice as to how you can cut your spending, increase your income, live within your means and pay down your debts.
    I used to think that good grammar is important, but now I know that good wine is importanter.
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