Loans

Loans

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Need a 3k loan with bad credit rating

I am in need of a 3K loan, i pay out for my car and other debts and want one to pay off all those and have one payment a month. Im lookin at having it over a 2 year period yet i cant get one.. Ive tried lookin on compare sites all askin for good ccj so then its a no, or for me to pay some money first.

Can anyone recommend a company for me to try. I know the APR will most likely be high but i am in need of one and are very aware of the dodgey sites which con you out of money. and you dont receive a penny

Thank You

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Comments

  • Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    What are the amounts and rates and terms of your current debts?

    And what does your credit report look like?

    And what's your income?
  • Posts: 74 Forumite
    Have you tried your local Credit Union? I was in a similar situation a couple of years back and although I had enough money to make payments was unable to get a loan with any of the major banks etc. As far as I know the Credit Unions base their decision on whether you can afford to pay the monthly amounts. I guess it depends on your credit report. I have a one default but the rest of the report is fine. Might be worth checking with them!
  • I have a full time job, a car on finance, and catologue bills, i want to pay my car off as its £240 a month and the other things i pay so i only have one out going which would be the loan. I get £320 a week in wages.
  • Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Still need the answers to the first two questions if we're going to be of any help.

    How much do you owe at what rates?

    And what does your credit report look like? What do you mean by having 'bad credit'?
  • my car rates are about 35%APR..
    The catalogue bills are obviously always higher then in the shops. I dont have a good credit rating but i dont know the scoring, its just late payments of my 2 phone bills as well as a CCJ against me in 2008 which is now settled
  • Just googled a local credit union but there office is now closed. Will be calling them tomorrow
  • Posts: 694 Forumite
    Unfortunately with late payments and a CCJ, you're going to struggle to get a loan. If you do, will the APR be any less than the APR on your car and catalogue? Tackle one debt at a time and get the catalogue paid off as quick as you can.
  • How many missed payments in total have have you got, and with a CCJ, unfortunately, no main street lender will touch you will a barge pole due to the CCJ as well as the missed payment markers.
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