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118 Loans

Hi,

Has anyone tried to get a 118 loan with bad credit? And how did they get on. I've got bad credit but can easily afford repayments on every loan but nobody will touch me with my poor history!

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    From their website -

    Would you consider lending to someone with less than perfect credit?Yes. We consider all applications individually and try to consider all circumstances fairly.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Zuperman12 wrote: »
    Hi,

    Has anyone tried to get a 118 loan with bad credit? And how did they get on. I've got bad credit but can easily afford repayments on every loan but nobody will touch me with my poor history!

    if you can easily afford the repayments, presumably you can easily afford to save up and hence avoid all that interest
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Zuperman12 wrote: »
    Hi,

    Has anyone tried to get a 118 loan with bad credit? And how did they get on. I've got bad credit but can easily afford repayments on every loan but nobody will touch me with my poor history!

    How do you have "bad credit", but can "easily afford the payments on every loan" ??
  • DCFC79
    DCFC79 Posts: 40,610 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Zuperman12 wrote: »
    Hi,

    Has anyone tried to get a 118 loan with bad credit? And how did they get on. I've got bad credit but can easily afford repayments on every loan but nobody will touch me with my poor history!

    If you can easily afford the repayments what have you been dong with this money to this point ?
  • cajef
    cajef Posts: 6,283 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    How do you have "bad credit"
    Could be the reason:-

    http://forums.moneysavingexpert.com/showpost.php?p=66145047&postcount=1
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Zuperman12 wrote: »
    but can easily afford repayments on every loan
    Affording the repayments is one thing, the second part is that you have to actually hand them over to the creditor.
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