defaults on credit history

shellfishb5

hi
i have been trying to get an unsecured tenant loan for £22000 but i have 3 default on my report from equifax, i am paying regular monthly payment on each of these, so is that still classed as default or can i ask for them to be removed from my credit report.
also can anyone recommend where i can get my loan from having bad credit i am looking for £22000 over 10 plus years.

jay78

Defaults stay on your file for 6 years from the date they are issued regardless of whether they have been fully paid off or not.

You can only get an unsecured loan for a maximum of 7 years.

Even if you were able to get the loan for the amount you require, you will likely have a very high interest rate because of the defaults.

Hope this helps.

shellfishb5

i was hoping to get loan over 10 years can you recommend anyone worth trying

blacksta

Dear Friend,

Because of your circumstances its going to be hard finding a lender that will lend you that amount of money without charging an excessive interest. For your sanity , have u tried the following .1 looking for a better job 2, Friends and family 3. Your current bank. 4 Partner

The interest you will get charged is not worth the hassle

kevin_M

shellfishb5 if your having problems with other debts taking out another loan to pay them off realy aint the answer.

i would head over to the debt free wannabe board and have a chat to us guys across there

might help you to sort out any debts you do have and put you in touch with the people who can help

enjoyincubus

according to http://www.moneysupermarket.com/loans

the following lenders offer loans over 10 years:

Northern Rock
Tesco
Promise Finance

My guess is Northern Rock and Tesco won't touch you due to your previous defaults. Therefore that would leave you with Promise Finance. I have never heard, or dealt with these in the past so I could not recommend them. However they have a relatively high typical APR (11.8%) and price for risk so may accomodate your previous bad credit.