Loans Companies In UK For Bad Credit History?
Everywhere I've been accepted wants fee's to process the application, which I don't trust for a start! And I'm not an idiot who doesn't read the small print! My credit history is really bad, with alot of missed payments, and defaults as I got myself into financial difficulty when I moved out of home at 16. If anyone could just give me some trustworthy bad credit company details it'd be much appreciated! xxx
Answers:
I understand you situation, it can be quite frustrating as i am in the same position as you. I have trawled the internet but only came up with two Citifinancial and Blackhorse. All the rest seem to be a waste of time. In response to the long winded response sent, the gentleman should realise he could be in the same situation we are in today, we all make mistakes. What we are looking for is answers to our situations now, obviously if we had known before we would'nt have had a bad credit history to begin with. Good Luck in your search.
I'm not sure where would be be best but remember that every time you apply for a loan, even if you get turned down, it makes your credit rating even lower. So if you have bad credit, dont keep applying for things you know wont accept you as it just makes matters worse.
Ask America you limey fruit.
My partner has had some bad credit history in the past, and he has just got an unsecured loan through Citi Financial. Have a look at www.citifinancial.com. As you have a bad credit history, you may have to pay a higher APR than the average loan company, but I think you will find this with any company you approach.
Alternatively take a look at Consumer Credit Counselling Services on www.cccs.co.uk - its a charity organisation helping you get out of financial mess. They are def to be trusted.
Good luck
Hi terry.
Foget the loans where you have to pay a fee, you wait months and nothing ever happens.
i know of these companies that do not use credit checks and there is no fee -
1) http://www.e-financialaffiliates.com/tra...
2)http://www.e-financialaffiliates.com/tra...
3)http://www.e-financialaffiliates.com/tra...
OR why not get FREE no obligation advice on debt management which could cut your monthly payout by half!
http://www.e-financialaffiliates.com/tra...
Terry any company giving credit w/o even a check is running a scam. Only do business with people in person. The online "loans" are mostly fronts for identity theft. Don't be a victim.
I am not in the UK so I don't know which banks handle bad credit. Personally I would forego decorating the house until you can afford to do it. A high interest loan (sorry but you will have it!) for things you don't really need will keep you in the situation you are in, just further in debt.
First of all, as an ex Finance Broker, we had to contend with clients like you approaching several brokers at once to process the loan request.
That takes time, money, staff wages and phone bills etc, only to discover when we find a lender that the client has got his loan by another broker he approached several days or weeks ago. It`s like asking half-a-dozen different solicitors to take a court case. Of course! We all want paying! You ask us to work on your behalf, we want paying!
I discovered that although brokers get a bad name from the public, we found the biggest rogues were the public themselves, they would say or do anything to get a loan.
They tell lies, do not disclose previous court orders and it costs us money to find out for ourselves. All for nothing.
They make up fictitious jobs to push up their income to cause the lenders to lend money which they would normally refuse.
And when they cannot repay the loan they blame everyone involved except themselves.
They would say that the broker threatened to kick the door in if they didn`t accept the loan cheque; they would blame the broker for falsyfiying legal documents and loan requests etc.
In fact, everyone was at fault - except the client.
Secondly, if you had £10,000 to lend would you lend it to a complete stranger, knowing he has borrowed money before and refused to pay it back, or was slow in doing so, and had to be taken to court - costing others further money - to pay it back.
The only way you would get a loan, but not saying you would get £3,000, was from an unlicensed loan-shark.
Their interest rates can be several hundreds percent, as opposed to 18% from a bona fide registered lender.
If I was still in business, knowing your past history, I wouldn`t even consider it. It would be a sheer waste of time and you only have yourself to blame - unless there was a genuine excuse for your past extremely bad record.
You say you don`t trust those who ask for an upfront fee!
Honestly, what do you expect? You have proved yourself to be utterly untrustworthy, and it will be a hell of a job getting the money back from you;. your are asking someone to spend time and money processing what may turn out to be a waste of time - which in your case it would be.
I`m sure you don`t work for nothing, neither do Brokers. What do you expect? Something for nothing?
You say you read the small print. Why? You are the one who cannot be trusted.
Apart from that; if you owned your own home, and had more than £3,000 equity, you would be able to get a loan because it would be secured, and if you defaulted, you would lose your house, and quite rightly too.
All this will only help you to save wasting time trying to catch a fish in the local duck pond!!
The Secured Loan information post by website user , LoanSecuredLoan.com not guarantee correctness.