Unsecured loan for someone with a poor credit rating?

[Stupeo]

Can anybody recommend a company who do unsecured personal loans for somebody with a poor credit rating? Not much is required, just £2000 over 2 years.

Oh and please dont start moaning about how people shouldnt be getting into debt when they cant afford it etc. Its not for me.

THanks

Matt.

Edited by Stupeo on Wednesday 18th February 12:07

[Hoppy2008]

Stupeo said:

Can anybody recommend a company who do unsecured personal loans for somebody with a poor credit rating? Not much is required, just £2000 over 2 years.

Please dont start moaning about how people shouldnt be getting into debt etc buts its not for me.

THanks

Matt.

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

[Goochie]

Try PH member "playerone" http://www.pistonheads.com/gassing/profile.asp?h=0... He mentioned in another thread that he does this sort of thing.

[Stupeo]

Hoppy2008 said:

Stupeo said:

Can anybody recommend a company who do unsecured personal loans for somebody with a poor credit rating? Not much is required, just £2000 over 2 years.

Please dont start moaning about how people shouldnt be getting into debt etc buts its not for me.

THanks

Matt.

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

Cheers Hoppy, will look into it.

Matt.

[Stupeo]

Goochie said:

Try PH member "playerone" http://www.pistonheads.com/gassing/profile.asp?h=0... He mentioned in another thread that he does this sort of thing.

OKay, will contact him

matt.

[dtmpower]

Is this not how people with bad credit getting into more problems by taking a £2k loan at High Interest rate.....circular problem debt > loan > more debt >>>>

[hondafanatic]

Stupeo said:

Oh and please dont start moaning about how people shouldnt be getting into debt when they cant afford it etc. Its not for me.

I admire your optimism, but it’s never gonna happen.

[GreenV8S]

I've had leaflets through the door offering unsecured loans for any purpose at a rate that worked out to about 300% APR. To make things easy for me they were going to come to my house every week to collect the repayments. I was *so* tempted to take the offer up but decided not to in the end.

[AMCDan]

Hoppy2008 said:

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

used to work for them...

[raharley]

GreenV8S said:

I've had leaflets through the door offering unsecured loans for any purpose at a rate that worked out to about 300% APR. To make things easy for me they were going to come to my house every week to collect the repayments. I was *so* tempted to take the offer up but decided not to in the end.

ummm

[selmahoos]

You're welcome to try us, but I doubt you'll get it past underwriting. www.keyloans.biz

[ianash]

GreenV8S said:

I've had leaflets through the door offering unsecured loans for any purpose at a rate that worked out to about 300% APR. To make things easy for me they were going to come to my house every week to collect the repayments. I was *so* tempted to take the offer up but decided not to in the end.

I believe this firm is called Knuckles Finance and Protection Services PLC. I believe, they only want your family allowance voucher book as security and they will accompany you to the Post Office to collect it on pay day. I think their former name was Northern Rock Hard PLC.

[raharley]

I'd try Selmahoos. Although he might forget to take payment - then ask for it in 18 months time. Don't worry though, you won't have to pay (from a legal standpoint).

Edited by raharley on Wednesday 18th February 13:46

[UncappedTag]

2k loan times are tough!.....try moneysupermarket.

[Hoppy2008]

AMCDan said:

Hoppy2008 said:

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

used to work for them...

I take it they are not that good?
Are they high rates?

[AMCDan]

Hoppy2008 said:

AMCDan said:

Hoppy2008 said:

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

used to work for them...

I take it they are not that good?
Are they high rates?

it's not just about rates.. it's about ethics, about ignoring the FSA, ignoring credit reports, ignoring outgoings and making up affordability - then loading it with addons and getting a signature. Then breaking every rule in the book just to get money owed back (to hit your "other" targets).

Absolutely hateful company.


edited to add; IMHO, obviously.

Edited by AMCDan on Wednesday 18th February 14:20

[AUDIHenry]

Find a loan shark. The only collateral they want is your life!

[quyen]

I've often (genuinely) wondered why people find it so necessary to take out such high interest rate loans for such relatively small amount. Are you able to tell us about your friend situation?

[C8PPO]

Hoppy2008 said:

AMCDan said:

Hoppy2008 said:

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

used to work for them...

I take it they are not that good?
Are they high rates?

Isn't their APR something like 60%?

[AMCDan]

C8PPO said:

Hoppy2008 said:

AMCDan said:

Hoppy2008 said:

Try Welcome finance. No idea what their interest rates are, but a friend had a loan form them in the past.

HTH

used to work for them...

I take it they are not that good?
Are they high rates?

Isn't their APR something like 60%?

it's variable... highest loan i ever wrote was around 129%

this is going back a fair bit right enough