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Guaranteed Loans

edited 30 November -1 at 1:00AM in Loans
12 replies 1.3K views
steveuk72steveuk72 Forumite
15 posts
edited 30 November -1 at 1:00AM in Loans
Due to serious car problems i am currently looking for a loan of about £2000. I only need it over a short period.(about 6 months).I could just save in that time but need a car asap for work.

The problem i have is i have a poor credit rating from in the past. I was wondering if anyone could recommend a company that do guaranteed finance for people with such problems.

The internet is full of such companies but i've gone through so many now checking reviews and they all just seem to be con men.

Does anyone know of a legitimate company that could help?

Many Thanks
Steve
«1

Replies

  • steveuk72 wrote: »
    Due to serious car problems i am currently looking for a loan of about £2000. I only need it over a short period.(about 6 months).I could just save in that time but need a car asap for work.

    The problem i have is i have a poor credit rating from in the past. I was wondering if anyone could recommend a company that do guaranteed finance for people with such problems.

    The internet is full of such companies but i've gone through so many now checking reviews and they all just seem to be con men.

    Does anyone know of a legitimate company that could help?

    Many Thanks
    Steve

    With a poor credit history I would give up now mate, as no company is going to lend someone who might have struggled in the past to pay his/her debts off any money.

    Guarantee loans no such thing, legitimate loan companies are barclays,tesco,halifax,bos,natwest,santander etc.

    Also don't bother writing in loans for bad credit in the google search bar as hundreds of scam loan companies are waiting for the likes of you who are desperate for a loan...(which I see you have already done)
  • paddyrgpaddyrg Forumite
    13.5K posts
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    Can you get the car on finance? At least they get to secure the loan on the vehicle so it may be easier to get the credit.
  • paddyrg wrote: »
    Can you get the car on finance? At least they get to secure the loan on the vehicle so it may be easier to get the credit.

    Most car-finance companies still want good credit if you want a good rate, I personally think if he wants a car on finance the only places which take people with bad credit are the likes of carshaft or other car supermarkets.
  • do you have a cc ?some dealers accept them
  • Thanks everyone for the reply's....No don't have a cc...Is this another option? Is there more chance i could get a cc from someone? If so any idea who might take a chance on me?
  • steveuk72 wrote: »
    Thanks everyone for the reply's....No don't have a cc...Is this another option? Is there more chance i could get a cc from someone? If so any idea who might take a chance on me?

    Try vanquis or cap1 classic but remember the credit limit will probably be around £200.
  • Provident at £500 (Pay back £800ish)
    Vanquis & Capital One at about £200 to £250 each (Approx 40% APR)

    Half way there...

    Seriously, it is not worth it....
  • opinions4uopinions4u
    19.4K posts
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    Buying a cheaper car would be the best solution I can come up with.
  • Hi

    Have you a credit union near you? Try them. Normally you have to be saving with them for a while but in some cases they may consider you. Worth a try..
  • tearheart wrote: »
    Hi

    Have you a credit union near you? Try them. Normally you have to be saving with them for a while but in some cases they may consider you. Worth a try..

    Can't see a credit union dishing out 2k
This discussion has been closed.

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