How To Find Loans For Bad Credit

Here is what you need to know about Loan.co.uk for Bad Credit Loans.

We are owned by Vantage Group - the largest independent UK loan brokerage in the UK. That means we can search deep into the financial market and source you the absolute best loan deals.
We specialise in the subprime market, which in normal terms means 'for people with poor credit'. Therefore you will get the dedicated help from a team that knows how frustrating your poor credit history can be for you.
We also choose to focus on homeowners, which means that as a homeowner yourself, you are in exactly the right place to find a bad credit loan.

Your Bad Credit Loan Application

Your bad credit loan can be available in as little as 24 hours, although usually an application process might take a week.

You can get a free quote without obligation from us simply by filling in the form on this page and continuing on the next page.

The details we ask you for allows us to tailor an exact loan quote based on your situation, which means the rate we quote, is the rate you can have. Unlike other bad credit loan lenders that quote you a rosy picture only to bump up the rates once they actually get the rest of your details later on, therefore wasting your time or trapping you into a less than optimal loan.

Loan.co.uk is designed to make things simple, fast, and accurate. Providing various loan products to homeowners and businesses especially where there are poor credit ratings.

Warning: Don't be disheartened by getting turned down by high street banks

If you have a bad credit history you have probably found that it's hard to get a loan.

Bank loans are difficult if not impossible to find if you have bad credit ratings. In no way does that mean loans for bad credit are difficult to get. It's just that high street banks can not help you. Financial companies such as Vantage Group, through Loan.co.uk certainly can do a better and wider loan search on your behalf than you'll find going to a high street bank.

Due to bad credit you may not qualify to get a bank loan, but you can probably get a private loan from Loan.co.uk because we are a bad credit loan lender.

Bad credit loans are also available in the form of car loans, debt consolidation loans, or personal loans on a larger scale. And through loans for bad credit you can actually improve your credit rating.

What Does Bad Credit History Really Come From?

Your credit history shows all your past financial commitments and your pattern of repayment. It also accounts for your remaining total debt. Credit reference agencies use this information to assess your worthiness of being given credit and assign you a credit rating score. Lenders then use the credit score as a factor in deciding whether or not to give you a loan.

How Did I Get A Bad Credit History?

If you make late payments
If you miss a payment
Default on a debt
Or fail to otherwise fulfil a financial contract or commitment

If you do those things a lot your credit rating will keep going down. So making it harder for you to get loans. Other red flags in your credit report includes frequent changes of job or address, or if you have County Court Judgements.

What Types Of Bad Credit Loans Are Available?

Bad credit loans come in two categories – secured or unsecured.

Secured loans for bad credit

Using something of significant value as collateral for the loan, usually your house. You will get a loan based on the value of your property, any outstanding debt, your existing credit score, etc.

Unsecured bad credit loans

It is difficult to get unsecured bad credit loans because they are a very high level of risk for the lender.

Loan.co.uk helps people with both bypes of loan. By using our search service that researches different lenders for you, we will find you the best loan available to your credit situation.

WARNING: Don't Make Your Credit Rating Worse By Getting Lots Of Loan Searches

It's important to note that by doing loan searches from various online loan web sites you can actually make your credit rating WORSE!

How so?

Well, each time you request a loan quote, the company will do a credit check. Having multiple credit checks done in the same short space of time has the effect of lowering your credit rating. Therefore the loan interest amounts you are quoted will become higher and higher.

You have found a company with enough industry clout to search on your behalf across many loan lenders that you do not need to keep going to other websites or companies for loan quotes.

How Do I Find The Bad Credit Loan That’s Right For Me?

You will avoid this problem of lowering your credit rating via loan searches by using Loan.co.uk because we will make applications on your behalf only where we know you are likely to be successful.

Here's what to do for bad credit loans

Just fill in the form on this page and you will soon be fully informed as to your options for a loan despite bad credit. Loan.co.uk specializes in loans for bad credit for homeowners. Let us help you too.

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