How Do I Get A Loan And Get Approved

[Ben1996]

Which loan companies will you get approved on while having bad credit and being on benefits

[Peter Pedant]

hmm not sure
but I AM sure we are just about to find out ....

[Buenchico]

Any company offering credit to someone with a poor credit history and a low regular income is likely to charge horrendous interest rates. See here for your limited options though:
https://www.money.co.uk/loans/bad-credit-loans.htm

Also consider applying for a credit card from Capital One
https://www.capitalone.co.uk/creditcards/credit-cards-for-bad-credit.jsf
or Vanquis
https://www.vanquis.co.uk/credit-cards/credit-cards-for-bad-credit
(I'm normally hesitant to recommend those companies, due to their high interest rates. However their rates are still lower than several of the lenders in my first link, so they might offer a better option).

[Buenchico]

Peter P: Please see Ben's profile. He's not a spammer!

[TonyV]

Someone will lend you money, they will just adjust interest rates, dependant on perceived risk. You could tried a credit union?

[Peter Pedant]

yeah sozza ben n chris
if it looks like spam and smells like spam

I agree er it may not be spam - sozza x 2

[Buenchico]

^^^ A useful suggestion from Tony.

Search for a credit union in your area here:
https://www.findyourcreditunion.co.uk/

Don't be deterred by the requirement to fill in your employer's postcode and the nature of your work. I just tried that search facility myself by entering my own postcode in both of the first two fields, entering 'unemployed' into the third one and leaving the fourth one blank. It still seemed to work and I found a credit union based in a nearby town.

[Peter Pedant]

oh - er
OK Chris how much did they offer you?

[bobbinwales]

Would you be able to repay it on time and ask yourself is the loan essential.