Accidentally missed a monthly payment on something you bought on credit? Maybe your incoming salary was a bit late and so there was insufficient money in the account to pay the outgoing direct debit? Or you simply forgot to send the cheque in time … These things happen all too easily, but once the ‘stain’ is on there it takes years to clear it from your rating, even if you’re the bank’s model customer in every other way!
If you find yourself in the position of being declined for credit because of a bad credit rating (whether you feel you deserve it or not!), you can still get a loan to pay for that unexpected bill that simply can’t be put off any longer. We can organise short term and poor credit loans to get you out of your temporary financial hole, and you won’t have to mortgage your soul to do it – just pay a slightly higher rate of interest, usually.
To qualify, all you need is (1) to be employed, or with some form of regular income; (2) to be an adult resident of the UK and (3) to have a bank account in your own name and, preferably, to be a home-owner. Then you just fill our our simple form and hit ‘submit’ to apply for your loan. You’ll usually hear back within two working days and once accepted, the money can be in your bank account the same day.
One good thing about a bad credit loan is that, as long as you make all the repayments on time as requested, it can actually help to repair your bad credit rating. This is because the banks want to see that you can manage your finances in a responsible manner, and if you do this, you show them that you are actually not such a bad risk after all. All of which will help get you back to a reasonable credit rating.