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Where can I get a bad credit loan from? �3500, my credit is terrible!

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andrewspreec | 13:34 Wed 05th Oct 2005 | Business & Finance
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My credit is terrible
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Big Ron, the local loan shark at 1 squillion% apr. Looks like a reverse loan is your only choice!
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Now let me see - bad credit history means has trouble managing your money or paying back loans - now you want to borrow more money and increase your outgoings - dont make things worse - get on without it
While I agree with Tubeway, if you're really determined to land yourself deeper in debt then all you have to do is to watch daytime commercial TV. Every other ad is for companies offering loans to people with a poor credit history. Alternatively, just look for these company's ads under 'Loans' in Yellow Pages.

Chris

Unfortunately if you do not have a good credit record or equity in a property the chances of any commercial lender being able to help you are virtually nil.

Are you a homeowner? If so a secured loan may be an option, however as others have already posted is this really a good option for you? If you are not a homeowner then the chances of getting an unsecured loan for the amount mentioned are slim at best! perhaps you should think about restructuring your finances rather than try and dig a deeper hole for yourself? Check out articles at www.fm-money.co.uk, they may help
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