What Are The Benefits And Key Factors Of...
Home & Garden1 min ago
Loans
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anyone know a loan lender which is quite ok for low credit ratings
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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!
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!
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