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Bad Credit Loan

A bad credit loan is a personal loan for people with bad credit rating because a bad credit rating or credit history can make your life a misery. However created, your past record of County Court Judgements, mortgage or other loan arrears can live on to deny you access to finance that other people regard as normal.
Bad credit is where a borrower has a credit record which discloses a default on the repayment of a debt or loan facility. Sometimes the existence of a county court judgement does not mean that the borrower is a bad payer as the bill or debt in question may be subject to a genuine dispute. However if the record shows a number of County Court Judgements this a warning sign to any financial institution of a possible bad credit.
Bad Credit loans rates are variable, depending on status. Generally speaking if a loan is to be given to a bad credit the interest ratewill be higher and an up front fee may also be charged. Monthly repayments will depend on the amount borrowed term.
If you are a home owner with equity in your property, a bad credit loan can bring that normality back to your life.

Whether you need a mortgage to buy or refinance your home, make improvements to your property, or consolidate your debts, take advantage of our huge database of the most competitive lenders available.