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I have bad credit, where can I go for a loan for about £700?

I don't mind paying high interest rates, I just really need the cash. It would have to be an unsecured loan as I'm a private tenant. Help please!!

3 years ago - 7 answers

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i used to work for welcome finance they do loans for people who have bad credit records and are tenants. they are based accross the uk

by Robbo

3 years ago

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Other Answers

There are several companies out there that will loan you the money with higher rates. My suggestion is to not go to a bank. It all depends on what type of loan you are looking for. You can always "google" it for the type of loan you want.

by abvethlaw- 3 years ago

Loansharks still exist in the UK. You can get a loan there. Otherwise, keep applying to banks etc. They will not necessarily turn you down because of your credit record.

by briggsy805805- 3 years ago

I have listed a source of bad credit credit cards below for you. This may help you out.

by josephvargo8517- 3 years ago

Sell your stuff on eBay or do without. (bet you have a Mobile phone, PC, iPod, stereo, TV, car, CD's, printer ... ) Get a grip on your finances - STOP SPENDING money you don't have .. NB. Poor people stay poor by borrowing, paying high rates of Interest and getting deeper into debt every month ... what you going to do when they won't let you borrow any more ???

by Steve B- 3 years ago

For a loan of seven hundred pounds, you can negotiate this with a commercial bank. If the amount is as much as that, the bank will require a collateral security depending on the magnanimity of the loan. If not then an overdraft can be arranged between you and the bank, if of course you are maintaining a current account. But before engaging in the search for loan facility from any financial institution that is ready to grant you such, you must engage in credit management. this is the process of ensuring that you are not over-indebted. you must ensure that you do not have too much financial obligations to contend with. You may be faced with ill-liquidity, or at worse, bankruptcy if you are a corporate body.

by Adamu Beldam- 3 years ago

if you *really* don't mind high interest rates then go to the Bank. You can trust the bank more than you can trust a random loan provider off the internet. If you want to get the best deal you can though (get a low apr), then Advantage Loans might be able to help. They give unsecured loans for those with bad credit, ccjs, etc. link below

by sammyjoe- 3 years ago