Are you looking for an unsecured loan, but have poor credit?
You know how much you earn — or the regular income a pension or benefits give you. You know more or less how much you spend each month. That’s how you make your household budget — and it is more than likely a tight one.
No wonder, then, that illness, temporary unemployment, or a delay in your benefit payments means that you missed an instalment in repaying past borrowing. The result is a black mark on your credit rating. Bad credit.
And that bad credit is likely to make it far more difficult to get credit or to raise a loan when you need one in the future.
Thankfully, therefore, there are lenders who offer unsecured bad credit loans — lenders willing to consider your application even though you have a poor credit rating and prepared to advance a loan that is unsecured against any of your belongings.