Small loan for bad credit

antyboo

Hi all, new to the thread here and apologies for posting a question that probably appears pretty often!

I need a loan (aprox £2000) for a deposit on a rented flat and to pay off a couple of cards. I have been bad with money in the past few years (unemployment etc), however I am now full time on around 25k per year. Is there anyway to borrow over 1-2 years without being crippled by high interest rates?

Any help or advice is greatly appreciated, cheers.

nonnatus

Highly unlikely I'm afraid.


Your past history will directly influence the amount you are able to borrow now, and at what rate.


People spend YEARS repairing credit histories - have a read around the Credit Card threads and you'll soon get the picture...

19lottie82

antyboo wrote: »

I have been bad with money in the past few years (unemployment etc), however I am now full time on around 25k per year. Is there anyway to borrow over 1-2 years without being crippled by high interest rates?

I'm afraid not, unless you borrow from a friend or family member.

No respected commercial lender would lend you money I'm afraid, as you have a history of not paying it back or similar.

antyboo

That's what I thought in all honesty, thanks anyway!

Pixie5740

Your chances are slim to none. It's very likely that the only borrowing available to you would be pay day loans or something of that ilk.

I don't know what the interest rates on your cards are but I'm fairly confident that the interest rate on a pay day loan would be much greater, by several orders of magnitude.