Loans

[showboat1975]

anyone know a loan lender which is quite ok for low credit ratings

[Loosehead]

Not a reputable one, you can always get a loan but the interest will be astronomical for poor credit ratings.

[Oneeyedvic]

Depends what you mean by 'ok'

and it depends on the following:

1) What you are to use the loan for - (as an example if it is a car, a lender can 'secure' their loan by way of Hire Purchase etc - this makes it more likely for the loan to be granted.)

2) How much the loan is for

3) Why you have a low rating - is it because you have not paid your bills, or is it because a few years ago you had some problems but everything is paid off. - if all your accounts are up to date and any defaults / ccjs settled, then more lenders will consider you

On the other hand, if you mean by 'ok' that you want a loan and never pay off your existing credit, then as loosehead says, you will still be able to get a loan but not by a high street name, and you won't like it if you are late paying!