Advice on Loan

leroy23

I have been in debt in the past and have paid off my defaults in my credit report.. I know it will take ages for my score to come back up so nobody will lend me money with a very poor score.
Does anyone know any companys that gaurantee to lend me an unsecured loan with a very poor credit score? I tried a few companys who said they could lend me but i had to pay an upfront fee of £64... They then tunred round and said they couldnt lend me the money.. I finally got my money back a few months later but i dont want to go through this again and was wondering if there are any companys that actually do help people with bad credit score??

Jamie_Kingston

well how much do you need and for how long and how much is your take home pay per month?

Garym85

Hi there,

As simple as this sounds. Most reputable companies wont lend as they see you as a high risk. This obviously means that if you were to find finance, it is pretty much guaranteed that the rate will be high.

If you need the money desperately then there are plenty places on the net that will do loans without checks but the flip side is that the interest is sky high.


I am not trying to sound patronising but the best thing to do right now is save the money and give your credit rating time to slowly build.

KingElvis

The short answer to this is no, it gets asked about five times a week.

If your own bank can't help you then you're down to schizzle like payday and logbook loans.

Other options include your local credit union, zopa or saving up.

leroy23

The money im looking to get a loan for is for a car.. Was hoping to get a loan before my first born is due in feb but i cant seem to find anyone who will lend me... Im earning a good living offshore now and am debt free and can afford repayments,its just that i messed up in the past when i was younger and am paying for it now... Does anyone know any companys who help with very poor credit score?