Where can I get a low rate loan for bad credit, without being robbed? PLEASE HELP!!

jodstan

Where can i get a lowish rate loan, with bad credit without being mugged off? As i have had a few companies contact me, who are clearly trying to get as much money out of poor and vunrable people as they can. One company even wanted paying before i got the loan, which surely cannot be right!!

Please HELP!!
Many Thanks.:)

talana

jodstan wrote: »

Where can i get a lowish rate loan, with bad credit without being mugged off?

How bad exactly is your credit? What do you consider to be a lowish rate given your credit?
You have to accept that with bad credit you're not going to get a truly low rate.

jodstan

i know i won't get a really low rate, i dont know how bad my credit is but no one will give me a loan. All i want to know is any good lenders that deal with people with bad credit.

CLAPTON

find out what your credit file say
who have you asked for a loan
what do you earn
how much are your debts
have you defaulted on any
etc etc

Tixy

If you have a poor credit history then most main stream lenders are not prepared to risk lending to you.

When you say bad credit - have you looked at your credit reports? what is on them? missed payments? defaults? CCJs? bankrupty?

Who have you applied to and been declined by? When you have applied for a loan did they tell you you were declined because of your credit file?

Don't pay anyone a upfront fee for a loan, you will almost certainly not get a loan and will either be scammed entirely of your fee or at least have a hassle trying to get it back.

KingElvis

There are no such places as they've all gone bust due to lending to people with bad credit who now spend all their time moaning about said companies.

iolanthe07

If you have a history of not paying your debts in full and on time, then no mainstream lender will touch you these days. You can't blame them, really - once bitten, twice shy.

DCFC79

I take it you didnt search the forums for threads about bad credit as you would have seen the threads on the same subject.

agrinnall

I'm afraid the simple answer to your question is nowhere.

poppasmurf_bewdley

A few years ago, there were companies that gave loans to people with bad credit histories - Yes Car Credit and Welcome Finance to mention but two.

Problem was they closed down. They found that people with bad credit histories didn't pay their loans off.

Result - nowadays, there are no firms offering loans to people with bad credit histories (except loan sharks).

You will have to accept that you will not get a loan from any reputable company. If you go to any other type of company, then read my signature below.