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- Bad Credit
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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: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 481.6% APR.
Getting loans online with bad credit may seem like a tough task for some people, but it’s actually quite easy. Having a bad credit score can inhibit your ability to borrow money and make certain situations in your life more challenging. But with the advent of the internet allowing lending online and the discriminatory attitude of the banks paving the way for bad credit lenders it doesn’t have to be this way. Because banks have a biased way of thinking and only loan to people who have good credit scores, there aren’t many options left for people who have bad ones. It doesn’t matter if you had a horrifying accident which resulted in serious injury and a debt you couldn’t avoid, the banks will still judge you by your score regardless of the circumstances surrounding it. This attitude has enabled bad credit lenders to open up shop, and they have helped countless people get the funds they need to pay their bills when no one else would help them.
What Are Unsecured Loans Online With Bad Credit?
These are loans which are applied for online for people who have bad credit. Because the application process is done online, you don’t have to travel to see a lender and also possibly face the chance of being denied to after going all that way.
You can just apply from the comfort of your own home and usually get a very fast response too in regards to your approval. These loans can vary in terms of the repayment structure and the amount of time you have to pay it back, and this can also be negotiated with your lender. When Could I Use This Type of Loan? If you have an expense that you need to cover but don’t have the funds then getting this type of loan could be your best option. From emergency repairs to your vehicle or perhaps an unplanned trip to the vet with your family pet, there are so many situations which could arise and result in you needing to pay for something. And because these loans have such a short turnaround time from the point of application to getting approved, you could have your cash and be able to pay off that expense quickly.
Even if a bank wasn’t discriminatory and changed their practices and decided to lend to you, getting your money would still take longer, and then your problem could just get bigger. So Should I Get This Loan? You have a bad credit score and bills to pay, so what are you going to do? Financial problems can come from nowhere, and they don’t just disappear overnight; you need to take action. As mentioned before, the application process is done online, and it’s also incredibly simple too. You don’t need any technical knowledge and just need to fill out some standard questions and supply a few documents. You could then be approved and have access to your much-needed funds and be able to cover your bills and relieve yourself of the financial burden that goes with them. So, act now, before things get harder than they need to be.
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.
Bad credit relevant pages