Can I still get a loan with a bad credit history?
Yes. There are specialist companies which provide competitive deals for individuals such as yourself who have a bad credit status for a number of reasons, such as defaulting on payments, going into mortgage arrears of having CCJs.
Will getting a bad credit loan damage my credit status even more?
No. In fact, if you manage your loan effectively and show good financial savvy by keeping on top of repayments and not defaulting, then taking out a bad credit loan can improve your credit status by proving to credit rating agencies that you can manage your money better. This will mean that you have better rates available to you in the future.
Can I get a loan with a bad credit history that has competitive rates?
It might be hard to find competitive deals and get a loan with a bad credit history from high street lenders, but there are specialist providers who cater for those with adverse credit records. Compare loans with our free service by filling in our quick loan form to:
- Get quotes and advice on bad credit loans
- Speak directly to a specialist advisor
- Compare quotes from leading brokers
- Get quotes no matter what your credit history is