Bad Credit Personal Loan

If you have unpaid defaults, credit card debts, or you don’t have much documentation about employment and residence, than Loans for People With Bad Credit can still help you to get the money you need to buy a car, bike or to make large necessary purchases.

A bad credit personal loan can provide you with the money that you need to pay personal expenses like unexpected bills, or to get through a period where you have a temporary shortfall of cash.

Who should consider a Bad Credit Personal Loan?

Bad credit personal loans are specifically for people with a poor credit history, who can’t get a loan through a regular bank or lender.

This includes people who’ve had a bankruptcy, part IX debt agreement, or credit defaults. It might also include you if you have no financial information, or you’re self-employed.

If you’ve been refused finance before, we can help you to find the right loan. We’ll listen to what you want, and map out a way for you to achieve your goal.

Get A Loan With A Reputable Lender

You’re making a wise decision by coming to a broker for your bad credit personal loan, rather than taking out short payday loan which will only hurt your credit score further. At Loans for People With Bad Credit, we will connect you with lenders who understand that a bad credit rating doesn’t make you a bad person, and give you the chance to get on top of things and start afresh.

This means no more damaging marks on your credit file. And as you make each repayment on time, you can start to build your new future of better credit. The next time you need finance maybe you won’t need to look to bad credit options and you’ll get a regular loan at lower interest rates.

How Long Is My Bad Credit Personal Loan For?

You can get a bad credit personal loan for 1-5 years, depending on how much you need to borrow and what you can afford to repay.

We recommend keeping the loan term as short as you can so you get out of debt as soon as possible and move on to new goals.

One way to get a lower interest rate on your bad credit personal loan is to offer an asset as security for the loan. By using a car you own as security, you’ll get a lower interest rate and lower repayments.

Do you own a car? Use it as security for your loan to get a lower interest rate.

Ask your broker about options for using a vehicle as security, or when you complete your quick quote form, include information about the car you have like make, year and model. That way when the broker gets in touch with you they’ll be able to give you an accurate quote right away.

What Can I Use A Bad Credit Personal Loan For?

Once your bad credit personal loan is approved, it’s at your discretion how you choose to use the money. Some things that people will commonly use a personal loan for are:

How Much Can I Borrow?

Generally with a bad credit personal loan you can borrow from $500 to $5000. There are exceptions to this rule depending on your exact situation and the reason you need the finance, so it’s worth asking a broker how you can get the funds that you need.

If you’re looking to buy a home, we also offer bad credit mortgages. These mortgages will help you get into a home of your own, and as you rebuild your credit score, you can refinance to access a better interest rate and lower repayments.

If you want to get more information on getting your own bad credit personal loan, fill out our quick quote form and we’ll get in touch with you.