Unsecured loan Bad credit????

jimm24

Is it possible to get an unsecured loan with a bad credit rating?I am in the process of selling a house I have renovated,and am having cash flow problems,there is a considerable profit within the house for sale and it should be sold within the next 2-3 months at max.I need up to 10k,probably around 7k, to cover my personal mortgage(which is in arrears!!) and other expenses.
Are there any specialist firms that deal with this sort of thing?

frugalpam

jimm24 wrote: »

Is it possible to get an unsecured loan with a bad credit rating?I am in the process of selling a house I have renovated,and am having cash flow problems,there is a considerable profit within the house for sale and it should be sold within the next 2-3 months at max.I need up to 10k,probably around 7k, to cover my personal mortgage(which is in arrears!!) and other expenses.
Are there any specialist firms that deal with this sort of thing?

With a bad credit rating, expect to pay high rates of interest (I've been down that road with Citifinancial Europe PLC). If you settle in the early months of the loan, you'll be absolutely hammered for charges. I could cry when I now work out just how much I've paid them in interest charges alone.
Hope someone can give you some more advice on this.

Pam

chilli_dog

have you considered a bridging loan?

jimm24

I had thought a bout a bridging loan,any good firms that can be recomended?