loans for people with bad credit

mwnl

Anyone recomend a company for a loan for a person with very bad credit rating, basically the high street banks wont touch me coz of my history

jon142

Retails banks won't touch you because you are a liability, you have to ask yourself how do I get myself out of here... credit building cards or just plain and simple don't loan money live to your means.

You have bad credit for a reason you didn't stick to the TS & CS.

Only people who will touch you is wonga 4000% interest.

mwnl

Thanks for the lecture, I didnt ask for that. Read the question, like Martin says be nice to newbies!!

jon142

It's not a lecture it's the truth, I'm sorry if I'm sounding harsh but "bad credit" is not something that you catch you let yourself get in that position.

You want to add to this by getting more credit. Live to your means if you have £800 coming in and £1000 going out you have a problem.

Constructive advise would be get a copy of your credit report advise us how old your CCJs are Defaults etc. income vs outgoings and why you think you have bad credit. have you tried your bank as they know most about you.

Apples2

Bad credit generally comes as a result of not repaying anyone else in the past.

Are you expecting to find a nice, decent lender who isn't going to be bothered about your track record?

chalkie99

mwnl wrote: »

like Martin says be nice to newbies!!

Ask him if he'll lend you the money then. :money:

DCFC79

mwnl wrote: »

Anyone recomend a company for a loan for a person with very bad credit rating, basically the high street banks wont touch me coz of my history

Yes you wont find a lender, bad credit = no more credit. You might be able to find a guy who would break your legs if you miss a payment.

jon142 wrote: »

Retails banks won't touch you because you are a liability, you have to ask yourself how do I get myself out of here... credit building cards or just plain and simple don't loan money live to your means.

You have bad credit for a reason you didn't stick to the TS & CS.

Only people who will touch you is wonga 4000% interest.

Spot on

mwnl wrote: »

Thanks for the lecture, I didnt ask for that. Read the question, like Martin says be nice to newbies!!

Not a lecture at all so dont exaggerate. jon was nice and was helpful.

parent_of_too_many

mwnl wrote: »

Thanks for the lecture, I didnt ask for that. Read the question, like Martin says be nice to newbies!!

I read this as..... "Please don't tell me the truth and hurt my feelings. I would rather you all lie to me and tell me that if I carry on down this path there will be a field full of greener grass"?

It still amazes me how many people come on here with debt to the eyeballs, or who have failed for one reason or another to pay off debt and have horrid credit ratings/ CCJ's etc, who then think the answer is to get more debt.

They then ask for advice, to which people oblige by stating the cold hard facts, and instead then we are accused of being nasty/lecturing etc..!!

If you would rather put your rose tinted glasses on and try to get more debt after receiving the advice you asked for, then go ahead, and we'll be here for you when you undoubtedly re-post a few months down the line, detailing how you are now in an even bigger mess?! :cool:

malkyh

mwnl wrote: »

Thanks for the lecture, I didnt ask for that. Read the question, like Martin says be nice to newbies!!

I wouldn't call that a lecture. It's basically what every high street lender is thinking when they say no and toss your application in the bin.

The only loan you will be offered is through a company who will charge you a massive interest rate on a low amount.

If you take any advice, do not pay anyone any fee to get you a loan as they will simply be a broker who will pass your details onto !!!!!! lenders with huge apr rates.

poppy10_2

mwnl wrote: »

Thanks for the lecture, I didnt ask for that. Read the question, like Martin says be nice to newbies!!

It wouldn't be being nice to encourage you to take out more unsustainable debt you can't afford to pay back

Bravehearted_2

No credit for you. You dont get to welch out of paying money you spent then expect to be showered with more money. Jog on.