subject: Bad Credit Loans: Finance Accessible at Competitive Rates [print this page] Bad Credit Loans: Finance Accessible at Competitive Rates
You can depend on bad credit loans if you need funds to accomplish host of personal purposes without worrying over your past faulty credit record. These are ideal loans for the UK people who have made multiple mistakes in the past regarding the loans. The loan arranger site Very Bad Credit Loans UK is equipped with competitive lenders who can be arranged for your typical circumstances.Bad credit loans are meant for people with bad credit history and low credit rating. You can borrow secured or unsecured loans at competitive rates.
Through bad credit loans, you are able to borrow funds despite your credit report saying that you have multiple cases of late payments, payment defaults and CCJs in your name. With such risky tags, you can borrow the funds at higher interest rates. These types of loans are designed for your circumstances and so you should not worry over your bad credit history and low credit rating. Anyone who has a FICO credit score of less than 600 can rely on these loans for financial assistance.
You can take out bad credit loans in secured or unsecured options. For homeowners, the secured loans are ideal options against a property for collateral. You can borrow 5000 to 75000, depending on value of collateral at low rate of interest. You can borrow for home improvements, purchasing a car, wedding, holiday tours, and debt-consolidation and for other purposes. You are allowed to repay in 5 to 25 years.
For tenants or non-homeowners as well as homeowners, the unsecured loans are ideal as approval of the loan comes without collateral. Such a loan can fetch you 1000 to 25000 for a short term of one year to 10 years. Your interest rate will be higher due to lack of collateral.
