How get loans after bad credit history

elizabet.elis

I have bad credit history so that having problem in getting loan, i find one lender who agreed for give me loan but rate of interest charged by him is very high. can I get loan at reasonable rates.

inmypocketnottheirs

Interest rates are inextricably linked to credit history and your record to repay. If you have defaulted on credit/loans, why should a lender look upon you favourably and give you a competitive interest rate? After all, the indications show you do not honour your obligations, and a lender will, if they do decide to lend to you, charge a premium by way of higher interest rates.

inmypocketnottheirs

I had thought this was a set up when reading the first and third post. Both new members, first posting.

nasha_2

hello i have been looking at the experian website as they had a pop up offering me my free credit file and on the example of a credit file they had attached a note to it explaning why that person had not been able to keep up repayments on loans/credit cards eg redundancy poorly paid job etc have you tried doing that? also when my husband and i requested our credit file we noticed that there was one or two things on there that we hadnt even applied for it was another person with a similar surname. also some credit card companies offer credit cards to rebuild your credit file but the apr is high