Bad Credit Loan?

dj9928

Anyone know where I could get one? According to Garlik my credit score is 1* 415 so not great by anymeans, but I need to do something as I took out a loan with Welcome finance 4 years ago for £2000 and it was supposed to finish on 05 but as yet I still owe £1200 and I have been making my payments, its due to there high interest and and this rate i'll never get it paid off

jonesMUFCforever

Do you have a proper bank account and do you have anything untoward on your credit files? (Such as CCJ, defaults, late payments etc).

If you have a proper account approach your bank for a loan - their internal credit scoring will tell you whether they will lend to you without actually conducting a search.
If you do not and have had credit problems what I would suggest is that you ask Welcome finance whether they will accept overpayments to reduce the o/s amount.

dj9928

ejones999 wrote:

Do you have a proper bank account and do you have anything untoward on your credit files? (Such as CCJ, defaults, late payments etc).

If you have a proper account approach your bank for a loan - their internal credit scoring will tell you whether they will lend to you without actually conducting a search.
If you do not and have had credit problems what I would suggest is that you ask Welcome finance whether they will accept overpayments to reduce the o/s amount.

I only have a basic bank account, my bank wouldn't give me a current account, I have 2 defaults, I think i'm basically snookered, welcome will not reduce the amount but instead they take out a new loan to cover the existing loan

jonesMUFCforever

Are you struggling with the repayments? This point is not clear in your inital posting.