Loans for those with bad credit ratings

[wendy28]

Are there any loans that people can get who have a bad credit rating

[vicars]

Yesthere are but they mostly give loans to property owners. It is hard to find a lender who will give a loan to someone with no security. However you could try your bank - get as big a loan as possible (may only be �500!) and keep up payments - this will help repair your credit rating. Unfortunately I can not remember their names but your own bank is a good place to strat.

[wendy28]

Thanks for that. I have tried my bank and they are unable to help.

[Pippa68]

There will always be some companies who will lend you money ~ but people with bad credit ratings are usually charged an extortionate interest rate.

Wellcome Finance is one example. As far as I know, they do lend to tenants as well as homeowners ~ but this may have changed since my sister last dealt with them.

[PeterRadcliffe]

There are many companies who give loans to bad credit rating people. but the problem is that their loans interest rate is high. so think before applying any company.