Deals on poor credit rating loans…
With more than 20% of the UK population suffering with bad credit histories, it is no surprise that the market for poor credit rating loans has expanded in recent years.
Poor credit rating loans have made it a lot easier for many people who previously would have been refused credit, to borrow money, whether it is for home improvements, a new car or debt consolidation, there are now plenty of poor credit rating loans available.
A bad credit history can be as a result of:
- previous mortgage arrears
- a County Court Judgement (CCJ)
- difficult financial circumstances caused by redundancy or breakdown of a relationship
If these things have affected your credit history, it will be harder for you to obtain credit, but certainly not impossible, although you should be aware that poor credit loans tend to come with much higher APRs and you may not be able to borrow as much as you could if you had a good credit history. Compare poor credit rating loans with our quick and easy loan calculator which will help you work out the rate and repayment period. Just click on the link below and enter your details to find out more: