Borrow from £100 to £25,000
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Whole of Market panel
Trusted panel of lenders
From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative Example: Cash price £7,500. Deposit £0.00. Total amount of credit £7,500.00.
60 monthly repayments of £137.22 Total charge for credit £733.20. Total amount payable £8,233.20. Interest rate 3.8% fixed. 3.8%APR Representative.
We are a Credit Broker and not a Lender
Bad Credit Loans Near Me with UL4U
Bad credit loans near me is a query that many of us have made when performing a Google search for bad credit loans before. You need to find a bad credit lender near you, and you need to find one now. Performing this search online is a good move, and it allows you find bad credit lenders a lot faster as opposed to using a directory or asking around. You can then be presented with bad credit lenders near your current location or online, and you can proceed to get in contact with them regarding your bad credit loan application. With the advent of the Internet, finding a bad credit loan lender near you has never been very easy and you can now apply for this type of loan with ease as a result.
Why Would Someone Want To Know About Bad Credit Loans Near Me?
If someone wanted to know about bad credit loans near me, then they are most definitely in need of a lender who is within their geographical area. Some people prefer to do business locally and like an old fashioned face-to-face visit so they may prefer to find a lender near them. There are a plethora of reasons why someone would want to find a bad credit loan lender near them. They may need to pay off an outstanding bill that they forgot about, consolidate a loan, fix up a tax debt, the list goes on. Lenders know all of these reasons, and you would be hard-pressed to find one who hasn’t heard them all before. This is also what makes lenders so relatable, and they can really put themselves in the position of their consumers to get a better understanding of them and tailor a solution accordingly.
What Would Someone Do After They Find Bad Credit Loans Near Them?
The next step after someone finds bad credit loans near them is to get in touch with the lender to make an application. They can decide to go through their lender of choice, and all lenders who specialise in these types of loans have made the application process incredibly easy. They can discuss with their lender the amount they are eligible to be loaned, the frequency of their repayments, and how they will be able to afford to pay off their loan. Lenders in this field are incredibly relatable and understanding with people who have bad credit and they know what they’re going through. The reason direct lenders issue these types of loans is because the banks refuse to. What kind of business practice is that? The banks are so close-minded in the sense that they believe all people who have a bad credit score are not capable of paying off a loan or a deemed too risky. This is so far from the truth, and there are many people with bad credit scores who earn an above average income and therefore, can be of an extremely low-risk factor.
How To Apply For Bad Credit Loans Near Me?
Once you have found your lender, it’s time to make your application. All you will have to do is supply your government issued identification and proof of your income. This proof can be in the form of payslips and bank statements and the lender will then access your application. The best part about these types of loans is that you can have a bad credit score and no collateral to offer and still get approved for your loan. This is because these loans are based on your income, rather than your credit score. Most lenders will want to see that you are working full-time. If not, you may have to be making an average equivalent income on a part-time basis.
Are Applying For Bad Credit Loans Near Me The Right Decision?
The majority of us get into some financial strife at one point or another during our lives, and there is no shame in that. Whether you made some bad financial decisions when you were younger and destroyed your credit rating as a result, or it got into a bad state otherwise, it’s ok to apply for a bad credit loan. The banks won’t touch you because they are biased towards people with bad credit scores, but luckily, this has resulted in the birth of the bad credit loan industry. Without this industry, so many people would have had no other option and may have ended up completely destitute or even homeless. This doesn’t have to happen to you, and you can apply for this type of loan too if you are in a bad financial state and need money fast.
What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.