Unsecured Loans With Bad Credit

Posted by admin on March 21st, 2009 at 12:00am

Question:
What companies will offer unsecured loans with bad credit?
I have a debt of 4,000 pounds at the moment. I have really tried to find out how to raise this type of total to consolidate and pay off my debts. I have applied to Norwich & Peterborough and I have been turned down due to a low credit score.
Can anybody please suggest any loan companies that would possibly be able to help!?
Thanks.

Answers:
4 thousand is nothing in the world of debt, and take my advice: make an offer to reimburse say twenty a month. Do not get a loan, or you’re asking for trouble.

How about trying through your bank account? They must be able to help you but do not keep applying for loans because your credit score decreases.

Do not do it. If you cannot handle your debts as they are, how are you going to manage to pay off a loan which would be equivalent to the total of your debts, plus loan interest? Furthermore, if you go to a lender who focuses on unsecured loans with bad credit you will be paying a larger interest rate.
Go and check out your local Citizens Advice Bureau who can discuss reduced payments for you, avoiding the need to take out further loans.

Having an additional loan is probably not the ideal way to go. You will be much better off consulting a company that takes all of your finances in hand and work out an affordable monthly payment to pay back each of the companies that you have outstanding credit with. These sorts of companies do extract a fee out each month, but within five years or less based on your repayments, you will be rid of your debt and also have a good credit rating back. It is worth thinking about and i would suggest a company named Gregory Pennington. Give them a call and find out what they can do.

Under Loans for Bad Credit