Loans available to people with bad credit

If you have a bad credit rating and are having difficulty getting approved for a personal loan, there are a number of specialist lenders in this market who should be able to help.

Most high street banks refuse to lend to people who have experienced previous credit problems such as CCJs, defaults, bankruptcy, arrears or missed payments. However there are lenders who offer loans for people whose creditworthiness has been damaged.

Maybe a business venture failed and debts could not be paid, or perhaps a period out of work due to redundancy led to arrears building up. There are a number of ways in which a credit record can be damaged - even a forgetting to pay a parking ticket can lead to a County Court Judgement (CCJ) and that can have dire implications when applying for a loan.

Whatever is damaging your credit record, there is usually a way around it. The choice of lenders in this corner of the market has fallen dramatically in recent years, but there are still products on offer.

Provider	APR Typical Variable	Comments	Details
	15.2%	Wentworth Direct Finance offer unsecured loans for tenants and homeowners, even if you have bad credit. Borrow from £1,000 to £15,000 for any purpose. All applicants must be working either employed or self employed, but you will be considered even if you have: • poor credit • been refused elsewhere • problem cases • been blacklisted • judgements and defaults
	28.1%	Independent online loan broker offering unsecured personal loans from £250 to £5,000. Each day they help hundreds of people find a loan tailored to their individal needs. The say they have a reputation for helping people who other loan companies would decline, and not being tied to any one lender means they are free to search for the best deal to suit each clients circumstances. There's no need to be put off if you think you have a low credit score or a bad credit history.
	28.1%	Independent unsecured loans broker helping people who other loan companies would decline including people with a low credit score or a bad credit history, CCJ's, defaults or mortgage arrears. Loans are available from £250 to £100,000 and you will not be charged a fee. Typical loan example: £4,000 loan 36 monthly repayments at £157.15 per month Total amount payable £5,706.40 APR 28.1% variable, subject to status and affordability
	44.9%	ACF Car Finance provides car finance and cars, serving a wide range of customers who often have difficulty obtaining credit from conventional high street sources. Bad credit history? Looking for a quality used car? No problem! Apply online today. Every car undergoes a 136 point vehicle inspection and an independent MOT. A wide selection of popular makes and models are available and the majority of cars are between 2 - 4 years old.
	48.0%	Yes Loans specialises in helping those previously refused by other companies and high street lenders. They can arrange unsecured loans from £500 to £25,000 for tenants, the self-employed and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears.
	272.2%	Provident offer small unsecured cash loans up to a maximum of £500 for new customers over 30 from all walks of life, often to people with poor credit ratings, even county court judgements - people other loan providers may not be able to help. Example: Loan amount: £300 52 weekly repayments of £10.50 Total amount payable £546 Compare the price of home collected and other cash loans available in your area at www.lenderscompared.org.uk.
	437.4%	Logbook Loans offer simple and fast no credit check loans secured against the value of your vehicle. Apply instantly online, borrow between £500 - £50,000 and have your money within 24 hours, even if you have been refused elsewhere.