How to get a loan with bad credit

It's not easy to get a loan if you have a bad credit. That's why I wondered for hours how do I get a loan with bad credit and I'm still not sure. Here are some questions and answers regarding the topic of getting a loan when you have a bad credit.

How much can I borrow?

You can borrow different amounts dependent on what type of facility you choose. In most cases we offer between 1000 - 10,000. If you have a request that is outside this range we may still be able to help on a referral basis. 

How much will it cost? How to get a bad credit loan?

The interest rate you pay will reflect your personal circumstances.

How long does it take?

When you apply for a secured homeowner bad credit loan you can expect to receive the cheque within 21 days of completing. If you are applying for an Urgent Loan then this can be payable within 24 hours pending your circumstances.

Can I repay my bad credit loan early?

Yes you can repay your loan early. The method of calculating the repayment will be stated on the loan agreement. If you require any more information simply email us

Where to get loan with bad credit ?

Can I cancel my bad credit Loan?

Yes you are under no obligation whatsoever. You can cancel your loan application at any time up to completion without cost nor penalty.

Do I have to use my property as security for my bad credit loan?

Not necessarily. But when you do have a property that can be used to secure your loan, we can offer you more flexible borrowing arrangements, there are no survey fees, legal fees or other upfront charges.

What can I use loan with bad credit for?

You can use your loan for any reasonable purpose. You may want to pay off any existing debts or credit cards, or to make some home improvements, buy a car or take a holiday. Your loan is for you to spend how you see fit.

Can I fix my monthly repayments?

Many people want the certainty that comes with knowing exactly what their monthly commitment will be during the repayment period. Whether you prefer a loan where the rate changes in line with the general level of interest rates or one where you can fix your monthly payments for an initial period of the loan.

How long does it take to get a decision?

If you call us right now, we will give you an immediate 'in principle' decision and send out your loan documentation today. You'll be under no obligation, and no salesman will call. The final approval of your loan rests with your lender. We are confident that as long as the information you provide is accurate, the loan will be completed on the original terms discussed. However, until the loan is finally approved you should not enter into any agreements on the assumption that the loan will be completed.

From approval, how long does it take to get the cash?

This depends on what type of bad credit loan you take out, but you can usually expect to receive your cheque within 21 days. However, if your loan requirement is urgent you can expect to receive a cheque even sooner.

What if I am ill or if I'm made redundant?

You can insure your payments so that you won't have to worry if you lose your job or are off work through accident or sickness. We strongly recommend that you take out this optional payment protection because your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Our payment protection gives you and your family extra comfort and peace of mind.

What if I die before my loan is paid off?

The loan will still need to be repaid by your estate, but you could choose to insure yourself and your partner so that the loan is immediately paid off were either of you to die during the period of the loan. Optional life cover is highly recommended.

How confidential is my application and my loan with bad credit?

100% confidential. We treat all applications in the strictest confidence and at no time will we contact your employer or bank except with your permission.

How do I get a loan with bad credit? What types of finance are available?

You can take out a loan that's secured against your existing property (a secured loan) or an Equity Release Loan. You can also choose whether you want to have a fixed rate of interest (the amount you pay back every month stays the same for the initial period of the loan) or a loan with a variable rate of interest (your monthly repayments will change, moving up or down in line with general interest rates).