We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Unsecured loan Bad credit????
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?
Are there any specialist firms that deal with this sort of thing?
0
Comments
-
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.
Pam0 -
have you considered a bridging loan?0
-
I had thought a bout a bridging loan,any good firms that can be recomended?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards