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Bad Credit Personal Loans


Bad credit personal loans are particularly popular in the world of cars, where a number of firms will help you borrow for a banger – but they'll charge very scary interest rates too. Sadly, people with bad credit ratings can't cherry-pick the best deals. If you can't wait, you'll have to pay higher APRs.

Bad credit personal loans are the idiot brothers of the finance industry: try to get a loan from a mainstream lender if you're a bad risk, and you'll quickly be shown the door – or at least, a Web page saying "sorry". If your credit rating is a mess and you can't wait for cash, then you'll have to look at alternative lenders.
Alternative lenders aren't cowboys, but there are some nasty surprises lurking in the small print. In addition to higher-than-normal APRs, which are the price you pay for a high-risk loan, you might find some firms also charge an administration fee – which can be several hundred pounds – for "problem cases".
One thing to watch is that many of the lenders offering bad credit personal loans want some sort of security – and that usually means your house or your car. If you're using your property as security on a loan you need to be 1,000% confident you'll be able to meet the payments. If you're not, then whatever you do don't borrow any money. In the long term, it isn't worth the risk. helps you find the best loans companies for your specific needs, and gives you background information on the various types of loans available in our loans articles, more loans articles and still more loans articles.

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