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A Loan for 550 credit score??

Bobby81
Bobby81 Posts: 62 Forumite
in Loans
I have only posted on here once before, basically it was to say that we got debt of about 34000 including the car and would like to consolidate the two loans 26000, not the car, to one single payment, we have such a bad credit rating 550, we have never missed any payments or did anything BAD lol, but we have moved around a lot in the last 6 years due to my husbands job, so can only assume its that.

Can anyone recommend a loan to us??? Thanks so much in advance

Comments

  • BigMan
    BigMan Posts: 132 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Black Horse would be my first choise, APR based on Risk though!

    or Citi-Financial.
    Regards,

    BigMan
    Trust Deed - Discharged May 2012
  • Bobby81
    Bobby81 Posts: 62 Forumite
    Is Black Horse for home owners?
  • Bobby81
    Bobby81 Posts: 62 Forumite
    Both are only up to 15000
  • BigMan
    BigMan Posts: 132 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Bobby81 wrote:
    Is Black Horse for home owners?

    Nope, i'm a tenant and got one no problem at all.

    http://www.goloan.co.uk/bhref/htm/personalindex.htm

    That should take you right to the page. HTH
    Regards,

    BigMan
    Trust Deed - Discharged May 2012
  • BigMan
    BigMan Posts: 132 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    BigMan wrote:
    Nope, i'm a tenant and got one no problem at all.

    http://www.goloan.co.uk/bhref/htm/personalindex.htm

    That should take you right to the page. HTH

    OOPS!, just noticed the amount your after.

    Not seen any unsecured for over £15k, have you had a look at Zopa , they don't seem to mention a limit?
    Regards,

    BigMan
    Trust Deed - Discharged May 2012
  • Locana
    Locana Posts: 478 Forumite
    Why do you need a loan when you have a lot of debt? Its not a good idea to consolidate if thats what you are thinking of. Have a look at the DFW board and see what everyone says on there. Black Horse has a very high interest rate and is more trouble than its worth with the interest being around 23%. they add the interest on at the beginning, so you find that you owe a lot of money back. please think about it....
  • Bobby81
    Bobby81 Posts: 62 Forumite
    Well i was told today an IVA wasnt an option as 2 loans are both with one creditor and the car finance doesnt count, dont know what else to do really?? We arent in trouble yet so need to do something before it does.
  • Locana
    Locana Posts: 478 Forumite
    Go to the DFW board and post a statement of accounts/affairs. They will be able to look at it and tell you where you could save money and advise you on any other options that could be better for you. They are really good....
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