Bad Credit

Bad Credit and looking for a loan?


bad credit loans, poor credit personal loans, defaults, ccj, personal loan companies

Which loan companies really do lend to people with poor Credit?

Having Bad credit means you will have limitations when it comes to Persona Loan Lenders. There are several who claim they will lend to people with poor credit, so we are giving you our own experience with these.

Satsuma Loans

Satsuma Loans are part of Provident who have had a long history of looking past just your Previous Credit History. This doesn't mean they will lend to everyone who applies, however, they will look to how they can help. The downside to Satsuma Loans being the interest they charge, they are pretty expensive compared to other loan companies. They do however promise no additional charges if you miss a repayment and have both great customer service and a Great little mobile phone APP that you can use to track your balance. New Customers can borrow up to £1000 and once they get to know you, subject to affordability you could borrow up to £2000. You can also have more than one loan with them. Repayments are Weekly or Monthly, whichever suits you better. We found no issues with Satsuma Loans when it came to borrowing with Defaults and missed repayments.

Our Review – A Great lender, although expensive so do consider the costs first, they are a good choice who actually do help people with a poor credit rating.

Likely Loans

Another company who promise to consider those in any shape (As in Credit Worthiness). We hadn't heard of Likely Loans until last year. I can confirm they lent both me and a friend a loan without any hassle, same day payments and a great members area. Likely Loans can lend up to £5000. The APR is higher than a typical Loan lender, so always consider if you can afford before borrowing.

Our Review

They did what they said in terms of providing a hassle free personal loan, Our money was in our account within 2 hours of submitting the application. We also love the Eligibility checker which gives you the heads up if you are likely to be approved or not.

Bamboo Loans

Bamboo loans offer both Unsecured and Guarantor loans. We can't report on the Guarantor loans but the Unsecured loan option was used by me. We applied in the evening and by the next morning we had both a welcome email and the funds. Another company to consider who will lend to those with less than perfect credit history.

Ledable

According to Noddle we had a high chance of acceptance from Lendable, we completed the eligibility checker on their own website and they were willing to lend us money. Once We submitted our application we was told our funds would be with us within an hour. However, a few hours later we was declined with the reason, We cannot provide a reason for our decision. This company didn't help us which is fine, there is no right to credit, however, at least be honest and tell us why. Lendable may well help you borrow but as they was the only company to turn us down despite making out they would lend to us, we felt pretty unhappy, especially with the comment about not telling us why.

So if you are looking for a personal loan then Satsuma, Likely Loans and Bamboo loans will help those with a less than perfect credit history. That's from our own experience.

 

 




Dad of 7, including Autistic Twins, first hand experience in Credit problems following the challenges faced with having Autistic children. (Unable to work due to supporting their needs, My credit rating became what can only be described as wrecked) Using my own experience, Credit 4 Everyone was born. A website dedicated to the rebuilding of a UK credit rating. The site was born providing the struggles in getting accepted and as things improved, the challenges one faces in maintaining a good credit rating. On this website you will find information regarding Pay monthly Credit catalogues, buy now pay later, mobile phone contracts for bad credit, current account options when your credit rating stops you getting even the most basic of services and personal loans/car finance. I will share my own experience which shows you how I built a credit rating with an Experian credit score of 120 and Equifax of 90 to a Credit rating both rated as Good in 2 years. How you can rebuild your credit rating, the companies that will help you on the journey and how things can improve. About the website Pay Monthly Catalogues with Credit, Buy it now pay later, Guaranteed Mobile phone contracts and Guaranteed no credit check bank accounts. Credit 4 Everyone specialise in helping people with bad credit get the credit they need. We offer Financial products and services for everyone and work hard to review products, our aim is in Helping you get accepted with our helpful hints and tips.

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