Terrible credit rating loans.

joey92

I will get straight to the point i need a loan of £2000 but my credit history is terrible and i already owe £4000. Does anybody know of any companies that would go near me? I don't care about the interest rate i just need a loan! Thanks

Clive_Woody

Nope, fraid not. With a poor history of repaying your debts and a decent amount of debt already your chances are nil I would say.

Might be time to talk to one of the free debt charities such as Stepchange for advice on what options are open to you other than more debt.

Gaz83

Not going to happen.

im-lost

lol, there's a reason you have a terrible credit score, you don't pay back your debts. But its good that other lenders are warned not to touch you with a barge pole. I doubt wonga would even lend you 50 quid

Ebe_Scrooge

Why do you "need" a loan ? There are very few things in this life that are essential. If you let us know why you so desperately need the money then there are plenty of folk on here that will be happy to help you ( whether it be food, heating, cooking, whatever ).

DCFC79

Not going to like it but you need help, phone Payplan or Stepchange, you don't need more debt.

Why do you need a loan ?

andyfromotley

joey92 wrote: »

I don't care about the interest rate i just need a loan! Thanks

This should pretty much tell you that you don't need more debt, you need help and advice. Please post on the DFW board about your circumstances and we can try to help you. There is another way out of this that doesn't involve borrowing money at potentially suicidal interest rates which i suspect you cannot afford.

Good luck.

MEM62

joey92 wrote: »

I don't care about the interest rate i just need a loan! Thanks

Sums up in one sentence why you are in this situation. You need to re-evaluate your borrowing and examine why you are in you current situation. If you are having financial difficulties it is highly unlikely that you can borrow your way out of the situation - particularly if you are prepared to accept additional debt at any cost. This shows a level of desperation.

Try seeking debt counselling and also check out the great advice available on the Debt Free Wannabe board.

iolanthe07

im-lost wrote: »

lol, there's a reason you have a terrible credit score, you don't pay back your debts. But its good that other lenders are warned not to touch you with a barge pole. I doubt wonga would even lend you 50 quid

There's no need for that. The guy is asking for advice.

27col

The OP certainly needs advice. But not advice as how to borrow more money. He needs advice about the financial facts of life. The main one of which is to make sure you pay back your loans. Nobody is going to throw good money after bad.

Anthorn

joey92 wrote: »

I will get straight to the point i need a loan of £2000 but my credit history is terrible and i already owe £4000. Does anybody know of any companies that would go near me? I don't care about the interest rate i just need a loan! Thanks

I'll dispense with the moralising of the previous posts. I know I've been promoting credit unions rather a lot lately but it's exactly this situation where credit unions excel: They will encourage thrift which means saving and only offering loans which are really needed and not just wanted. Above all they will be able to advise on getting back on track with your finances and have links with councellors and organisations which will help.


A credit union will most likely be able to offer a loan but only if you can afford to repay it and in your circumstances your can expect an APR of at least 43.2% / interest of 3% per month on the reducing balance. You can also expect to have your income and/or benefits paid directly into the Credit Union and be expected to save in addition to to repaying the loan and your other debts.


Sounds good? Go for it. Sounds harsh? Necessarily so!
http://www.abcul.org/home