Bad credit loan with no debt

keeperlit

Ok guys....j need a loan who can help me..??

I'm looking for 15k and can repay that over 1 year if needs be

I have a poor credit rating but the default in question will expire in 2 months time (no..i can't wait 2 months for this..its a now or never opportunity). No other current debts or loans for anything.

Willing to accept a high Apr if needs be - within reason obviously

I have quite a high disposable income and decent salary around 45k

I own a home but I'm in the process of selling it No mortgage on it


Just looking for options...no lectures thanks:-)

bearcat16

Well, you can't force lenders to lend to you. I'd try your own bank first, and then other mainstream lenders. If that fails, you're stuck with sub-prime credit, for which you'll most likely pay a high rate.

What about family members? Could they borrow from a mainstream lender and you make payments to them? (If they trust you)

Do you have anything of value you could sell (like a car, jewellery, gold or silver bullion, premium bonds, stocks/shares, rare wines)?

Can you blackmail anyone?

You just have to be imaginative.

jonesMUFCforever

If as you say you could pay back fifteen grand in a year then you should have a load of savings put by.

keeperlit

Thanks guys...

I am aware I can't force lenders to lend to me so I will accept higher apr. My bank has already said "computer says no" because of the aforementioned default.

I don't own much (nope, no car either) so I don't have anything to sell.

I can't use family in this instance but thanks for the idea

I do have a lot of savings thanks, however I need 15k more.

With all that said does anyone know of a lender who can provide a loan in this situation?? high street banks are out.

**Also as I really don't want to harm my credit rating any further I'm trying to limit "soft searches" hence my question on here...otherwise I'd just apply to everything going. Looking for recommendations of lenders who would likely approve given my circumstances. Thanks again

DCFC79

keeperlit wrote: »

Thanks guys...

I am aware I can't force lenders to lend to me so I will accept higher apr. My bank has already said "computer says no" because of the aforementioned default.

I don't own much (nope, no car either) so I don't have anything to sell.

I can't use family in this instance but thanks for the idea

I do have a lot of savings thanks, however I need 15k more.

With all that said does anyone know of a lender who can provide a loan in this situation?? high street banks are out.

Once the defaults are to drop off it will take time to rebuild your credit history.

Have you tried the moneysupermarket website ?

Even if there was someone in the same situation as yourself and who got a loan its not a dead cert you would get a loan from the same lender. Theres lenders out there who provide a soft search eg Nationwide you tried them ? Might be others so use google.

keeperlit

Yes, thank you. I'm particularly interested in a specific recommendation for a lender or lenders in this instance to reduce soft searches.

Thanks

Pixie5740

How would anyone here know? Lenders don't publish their lending criteria. I don't know why you're concerned about the number of soft searches you do. They don't leave a footprint on your credit files unlike hard searches. You can do as many soft searches as you like that's the advantage of them however it's not until a full "hard" search is carried out that you know for certain that a lender will lend to you and at what rate.

Have you tried the MSE Loan Eligibility Calculator?

keeperlit

Pixie5740 wrote: »

How would anyone here know? Lenders don't publish their lending criteria. I don't know why you're concerned about the number of soft searches you do. They don't leave a footprint on your credit files unlike hard searches. You can do as many soft searches as you like that's the advantage of them however it's not until a full "hard" search is carried out that you know for certain that a lender will lend to you and at what rate.

Have you tried the MSE Loan Eligibility Calculator?

As this is a forum dedicated to loans I was hoping someone might have recommendations...not an extraordinary leap I thought.

However...thank you for your advice let's not get bogged down in my reasoning for searches. And yes I am also aware that nothing is guaranteed just because one person got a loan from a company.

Really what I'm asking here is does anyone know of a reputable company who would be likely to lend 15k (Apr negotiable) to me given the above circumstances?

Thanks in advance:beer:

StopIt

Then to answer your specific question, no, nobody here can answer that as we aren't a loan broker.


Nobody here can see your credit file, nor have access to any system that will tell us if you'll have any chances of getting a loan anywhere. The advise of using a loan calculator is the best advice anyone here can give. If you don't want "Soft searches" (Why? they don't affect your credit file in the slightest, that's the point of them!) then you're literally shooting in the dark.

DCFC79

keeperlit wrote: »

As this is a forum dedicated to loans I was hoping someone might have recommendations...not an extraordinary leap I thought.

However...thank you for your advice let's not get bogged down in my reasoning for searches. And yes I am also aware that nothing is guaranteed just because one person got a loan from a company.

Really what I'm asking here is does anyone know of a reputable company who would be likely to lend 15k (Apr negotiable) to me given the above circumstances?

Thanks in advance:beer:

Yes it's the loans board but each circumstances will be different, different salaries, different ages, different financial history so 1 lender would be ok for Joe Bloggs but not for you.

Maybe it was the amount your asking for in relation to your salary.

keeperlit

Many thanks...:)

some of you may actually be brokers...i have no way of knowing...but others who aren't brokers may know anyway...it is to these people I pose my question

And yes...i am also aware that nobody here can see my credit history and whilst I provided a very simple snapshot I am very aware this is not the full picture and even if it were...that most people on here do not have the facilities or time to put it to use.

Agreed...the loan calculator was good advice (which I thanked) sadly it seems to use high street lenders.

Not on here to annoy anyone...if anyone does have some insight I'm all ears...if not, thank you for your time