Best loan for those with bad credit rating

secondtoughest

edited as I got the deal I was looking for, no issues with credit after all : )

clarab_3

secondtoughest wrote:

I want to borrow around £3500 for a car. I've just cleared off £6000 from my credit cards and I'm also paying back a £5000 bank loan at £100 a month. I earn £18000, but have just started this job so don't want to stretch my finances too far.

I have a default on my credit rating from a phone bill, and have been unable to get a low APR loan thus far. Before I try anywhere else, I want to ask advice on any loan company who will likely lend to me? Are any better than others? I don't really want to go to these 'last ditch attempt' morning TV type loan companies. What kind of APR am I looking at? Does anyone have any advice on companies who lend to people with bad credit? (I'm not a homeowner)

Thank you!

I'd always go to your own bank frst as they probably know your finances beter than most and might be more inclined to keep you...

BONJOEY

good advice getmintedonline and welcome you both to mse xx

hopeless_case_2

glad i read this i have been asking this question for weeks now and no one gave me a reply wellnow i have one thanks

Rusco

hopeless_case wrote:

glad i read this i have been asking this question for weeks now and no one gave me a reply wellnow i have one thanks

What did you go for in the end, apr and company?

twv706

If your looking for a car loan and have bad credit, you may want to go to http://www.getbadcreditcarloan.info/ where they have a list of companies that issue car loan to people with bad credit