17. July 2015 · Comments Off on Bad Credit Loans | Loans For People with Bad Credit. Click here for information on Bad Credit Loans and Loans for people with bad credit. · Categories: Uncategorized

Bad Credit Loans – Loans for people with bad credit – Online Payday Loans


Bad Credit Loans for people with bad credit. Guide to bad credit payday loans. Information about payday loans here


Bad Credit Loans Today.


Welcome, the site for Bad Credit Loans. This site designed to lay out all the facts on Loans for people with bad credit so you are more informed and can make an educated decision in your loan search. If you are finding it hard to find a bad credit loan because of your circumstances, do not give up – there may be an option for you….


Loans For People With Bad Credit


Bad credit loans are also referred to as “Poor Credit Loans” or “loans for people with bad credit”. They are all aimed at the same clientele: people with a poor credit rating. Most bad credit loans are secured loans which means that you will have to provide an asset as collateral for the security of your loan. This means that there is a risk involved when you borrow with a bad credit loan. If you default on a bad credit loan you could lose the asset with which you secured the loan.


What is a Bad Credit Loan?


We all have a credit rating, as soon as we take out a credit card, loan or even a mobile phone. Depending on how good we are with paying those bills or repayments will affect our credit rating. If you have had trouble with these, your rating will be less than attractive to loan lenders. A bad credit loans is designed for you.


The bad credit loan broker will search the market on your behalf to find a loan that will meet your needs. They will know which lenders are more likely to accept you even if you are a high-risk borrower.


A range of loan types are available on these – secured or unsecured are both available.


What Do I Need to Watch out for?


So a bad credit loan might step in where you are worried about your poor credit history, but tread with caution:


If you are using your car or home as collateral against your loan, you risk losing it if you are unable to meet repayments. So you may literally have your home taken away from you if you are unable to make the monthly loan payment. Make sure you have considered this and have evaluated how much you can afford to borrow. Not only could you lose a valuable asset but you could end up with an even worse credit rating than you began with!


As with all loans, have a good look around before committing yourself. There are so many brokers available, so it is worth comparing their services.


Payday Loans


Payday loans are short term loans which are designed for people with bad credit. The APR on payday loans is often very high but that is because the lender takes on a higher level of risk when they lend to those with poor credit history. Payday loans can be useful as a short term cash solution when you need some money to tide you over in exceptional circumstances. However payday loans should not be used for any sort of long term borrowing plan. Penalty fees and charges on payday loans can often be very expensive so make sure that you can afford the loan and pay it back on time.


Payday Loans Get an online Payday loan


Payday loans are another easy way to get hold of money when you need it fast. The payday loan company will require you to fill out a quick online application, and with most companies the decision will be made in minutes. Payday loan companies tend to carry out only the most basic of credit checks because they only lens small sums for short periods of time. However, even if you really need money there is no point taking out a payday loan unless you are sure that you can pay back the money on time. If you are not sure that you will be able to repay your debt do not get a payday loan as your financial situation will only be made worse.


What About Credit Checks?


Ok, so you may have been refused loans in the past, thanks to your credit history. With a payday loan this is not a worry – they will not carry out a credit check on you. Why? Because they know that you are more than likely to want to pay back the loan as fast as possible. The usual time is two weeks to a month – the time until your next payday – and because the APR rate is usually very high, it is worth getting the repayment out of the way quickly.


The only requirements with payday loans usually include minimum age and that you are in employment – the minimum monthly wage requirement is changes according to lender but is usually around £300 a month. The final requirement is usually that you live in the UK. Some lenders will need you to have a debit card and a UK bank account, but this varies.


Make sure you have checked the basics: what is the APR rate? What are the requirements? Then check yourself: Will I be able to make the repayment? What happens if I can’t pay?

04. July 2014 · Comments Off on Poor Credit Loans | Bad Credit Loans | Loans for people with poor credit | Find out information on poor credit loans and other bad credit loans designed for those with a low credit rating. · Categories: Uncategorized

Poor Credit Loans | Bad Credit Loans | Loans for people with poor credit

Find out information on poor credit loans and other bad credit loans designed for those with a low credit rating.Skip to content

Payday Loans are Becoming More and More Popular

You have to face unforeseen expenses like some medical bills, phone bills or sudden travel expenses and your next payday cheque is still far away? For these events you could consider taking out a some of the best payday loans. Due to the lack of credit check this loan is very suitable for people with a bad credit rating.

You can find a wide range of payday loans on the internet. The application process is all online. Within less than 30 minutes you know if you are accepted. The online application spares you annoying paperwork or bank appointments. Furthermore the acceptance rate is incredibly high as these loans are getting more and more popular. Payday loans are great in emergency cases as you will receive the money within 24 hours after your application.

One more advantage of these loans is that almost everyone can apply for it, as long as you are at least 18 years old, have a bank account and can prove a regular monthly income.

The usual repayment period is up to 30 days, as you should pay the loan back with your next payment cheque.

However, don’t chose a payday loan for a long term solution as the APR rates are very high.

The range of lenders gets bigger and bigger each day and they all differ on maximum amount, interest rate and repayment period.

If you have been refused credit elsewhere, Bad Credit Loans could be the answer.

With the recession hitting the UK it is no surprise that it is becoming increasingly common that individuals have been falling behind with their bills and as a result their credit situations have increasingly worsened.  Unfortunately people with a tarnished credit report are often seen as a larger risk to lend to and therefore it is becoming progressively more difficult to get a loan from a bank if you have a less than perfect credit history.

If you have been refused credit elsewhere then don’t despair as there are lenders out there who are willing to give loans for people with bad credit. If you are looking for a short term loan then you might want to consider taking out a payday loan. Payday Loan Lenders are prepared to lend to people from all credit backgrounds, usually only requiring that the individual is employed. The loan amount usually varies between £50 to £1000 and is typically expected to be repaid before your next payday, although there is often the option to rollover the loan for two to three months. If you are looking to borrow more than a £1000 and over a longer term then it might be worth considering bad credit loans. The amount you can borrow from a bad credit loan varies largely but can sometimes be up to £100000. Due to Bad Credit Loan lenders lending to individuals with a poor credit score and therefore lending with a higher risk attached to it, it is often required that some collateral like a person’s car or house is secured against it. Furthermore the high risk element attached to a person with a poor credit history will often result in the interest rate on these types of loans being higher than for a loan with a person with a good credit score and therefore they tend to be expensive. Make sure you take in to consideration the higher interest rates before you take out the loan as if you are unable to make the repayments for this type of loan then your credit score will worsen.

21. June 2014 · Comments Off on What are the risks of bad credit loan? · Categories: Uncategorized

Many people do not realise how important having a good credit rating can be. It is a valuable asset that can be easily damaged. Those with good credit ratings will be offered better loan conditions. Unfortunately, if you have a poor credit rating you will struggle to get access to the best loans with the lower interest rates. However, there are some very competitive loans on the market that are specifically aimed at those with bad credit ratings and those who have been refused elsewhere.

Bad credit loans are offered to those who have been turned away by conventional lenders because of their credit history. In most instances you can get a larger loan for a longer period with bad credit loan compared to a payday loan. However, the exact amount you borrow will depend on the lender you chose. These loans can help you rebuild your credit rating but you need to make sure that you are financially responsibly and do not default on the loan repayments. This is really important because the

Interest rates on these types of loans can be notoriously high. A bad credit loan is therefore is a big risk. By missing payments you will have to cope with high interest rates and you could damage your credit rating even more. If you decide to take out a secured bad credit loan, where you have to put up an asset that is used as collateral against the loan, you can see lower interest rates. However, this does mean that should you default on your repayments you risk having this asset, which is usually your home or car, seized.

Because there is a high demand for bad credit loans the market is extremely competitive. With this said it is really important that you take the time to find the right lender and the right loan. Before deciding on which loan to take out make sure you read the terms and conditions of the loan thoroughly so as to make sure there are no surprises. Always be aware of what the consequences are of missing payments because in most cases this can be costly.

21. June 2014 · Comments Off on If You Are Considering A Bad Credit Loan Make Sure You Know The Facts First · Categories: Uncategorized

If you have a bad credit rating then you should know it will be used against you when applying for a variety of financial products including loans. Not only will you struggle to get approved for a loan but you will also find that those with a better credit rating will be able to borrow more money and will be offered considerably lower interest rates. If you have bad credit but need a loan there are lenders out there that specialise in offering loans for people with bad credit. Bad credit loans are available to people who have been refused elsewhere for a loan and have bad or no credit. Usually, you can take out more money for more time as opposed to a payday loan. These loans can also be used to rebuild your credit rating and you will find that if you make your repayments on time a bad credit loan can result in improved rates and loan conditions over time.

If you have a bad credit rating lenders will assume you have the inability to make payments on time so you are considered to be more of a risk. With this in mind bad credit loans have a high interest rate because you are considered to be more of a risk and the exact amount you can borrow may depend on how bad your credit history is. Some bad credit loans are unsecured loans which can mean lower interest rates however this does mean that should you default on your prepayments you do risk having the asset you have put up against the loan, usually your home or car, seized. Make sure you compare different bad credit loans, looking at all the different features before committing to a lender. Always read the terms and conditions fully before you apply and don’t be afraid to ask any questions

21. June 2014 · Comments Off on If You Have Bad, Little Or No Credit You Can Get A Bad Credit Loan · Categories: Uncategorized

You may have heard of bad credit loans which are becoming increasingly popular. This is because they are designed for those who have been rejected elsewhere for a loan because of a poor credit history, CCJs, defaults, or those who have been blacklisted. They are also very popular because like payday loans there are minimal credit checks, you can have the money with you very fast but unlike payday loans with a bad credit loan you can borrow more money for more time. You will also find that these loans are much more flexible.

A great feature of a bad credit loans are that by using the loan properly, and making your repayments on time it can help to repair the damage to your credit report which will improve your future chances of borrowing. With the right lender, responsible repayment of a bad credit loan can result in improved rates and conditions over time.

Unfortunately, much like payday loans, bad credit loans have considerably higher interest rates when compared to other types of loans. This is because as you have a bad credit rating you are considered to be a high risk. When deciding on the right loan for you remember that the exact amount you can borrow will depend on the extent of your credit history. You should also bear in mind that that if you do not repay the loan you could end up worsening an already low credit score. It is important that you take the time to research what is available so you can sure you find a good deal. One of the best ways to find the loan best suited to you is by comparing different products against each other.