Borrow from £100 to £25,000
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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.
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Bad Credit Installment Loans UK
Bad credit installment loans UK are a very popular choice among consumers because of the flexible repayment frequency on offer and their affordability. These types of loans can be quite hard to come by because there aren’t many lenders willing to loan to people who have bad credit scores. The banks are the most obvious and also dubious lender who is guilty of this and all they care about is protecting their assets by mitigating even the smallest of risks. If you want to deal with a lender who has fairer lending policies which don’t discriminate against these magical credit scores and assess applications the right way, then this type of loan may be best for you.
What Are Bad Credit Installment Loans UK?
This type of loan is paid in installments, and it’s for people in the UK who have bad credit scores. This means that the loan repayments can be broken up into small sums which can be paid gradually over time instead of in higher amounts in a shorter period of time. Not only is this way more affordable for most people, but it’s also very fair and can enable people to manage their funds better while still being able to survive and even maintain quality of life. Applications are also assessed on your level of income and subsequent ability to make the repayments, rather than some magical score which can easily be negatively influenced, so you know that they are assessed fairly.
How Are They Good For Me?
As mentioned before, these loans are paid in installments, and this can make it a lot easier for you to make the repayments while still managing your money and maintaining quality of life. You don’t need to worry about the banks biased lending policy or their ridiculous expectations when it comes to making repayments, and this could greatly reduce your stress and enable you to improve your financial situation. It can be very hard to find loans which can allow you to still live your life without seeing any of your money and struggling to survive, so this type of loan could be very good for you and improve your situation.
Should I Apply Now?
You know how hard it can be to be in debt and to have bills to pay, and you also probably know how good it is to be debt free. Sometimes, borrowing money can be a good thing, and it can enable you to get out of tough situations before they get worse. Having a bad credit score inhibits your ability to borrow, and as you probably now know, the banks won’t be there to help you. Bad credit lenders will, though, and you can make your application today and then be potentially be approved not long after.
Once you get the cash from your loan, you can use it to pay your bills before they spiral out of control and possibly make your situation worse than it already is. So, take a look at your financial situation and decide if getting a loan is your best option and try and get your application through to try and improve it.
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.