bad debt loans

zeldazebs

Hello all, I'm new to this site so Im sorry if this question has alreay been answered before. I just wanted to know what the thoughts are on these 'bad debt loans' companies? I have been looking at them to attempt to help my credit rating, but I so unure if its a good idea or not. I mean a good rule is if it looks too good to be true, it propbably is. Its so confusing.
Has anyone had any dealings with these companies, or know people that have? I would be very grateful for any imformation and/or opinions please
Thank you:eek:

Apples2

It's a rubbish idea, I mean REALLY rubbish.

Get yourself a credit card, spend small amounts on it and clear it EVERY month without fail.

I will say again, your idea is a rubbish one and fraught with danger.

zeldazebs

Sorry I wasn't too clear, I need the loan as well, just the helping with the credit rating would be a bonus. Big no to credit cards, I can not be trusted, so will not even entertain one.
Thank you for your reply though )

fozmcfc

What makes you say you have bad credit. If you do, then no one is going to lend to you at a reasonable rate and you'll be left with a payday loan or a doorstep lender as your only hoping, at very high interest rates.

Neither of the above is likely to help rebuild a bad credit rating.