Bad Credit & Non Status Loans

 

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'Bad credit' & 'non status' can come in many forms and will restrict the number of loans that are suitable. Lenders will usually insist on security so this will mean they are in the main available to homeowners or car purchasers. Tenants may be able to qualify for small cash loans.

Bankruptcy, CCJ's, defaults, mortgage arrears, council tax problems & previously being refused a loan can all be classed as bad credit. Having no proof of income or being self employed come under the 'Non Status' category.

 

Homeowner Loans

Secured Homeowner Loans (Accepted Loan)
Typical APR : 10.5% variable
Loan Type : Secured on property
Loan amounts : £7,500 to £105,000
Repayment term : 5 to 25 years
Restrictions : Homeowners only
Welcome to Apply : Bad credit applicants
Insurance : Optional
Fees : None.
Example : N/A
Find out more and apply online by clicking here.

Tenant or Homeowner Loans

Unsecured Personal Loans
Typical APR :64.6%
Loan Type : Unsecured
Loan amounts : £750 to £8,500
Repayment term : 2 to 4 years
Restrictions : Over 18, Bank A/C, Employed.
Welcome to Apply : Tenants, CCJ's, Arrears, Poor credit history. 
Insurance : optional
Fees : none
Example : £7500 loan (no insurance) : 48 months @ £368.18 per month = £17,672.84
Find out more and apply online by clicking here.

Car Finance
Typical APR : 19.9%
Loan Type : Secured on the vehicle
Loan amounts : Cost of vehicle
Repayment term : Flexible
Restrictions : over 21 years old. UK resident.
Welcome to Apply : Tenants & Bad Credit (CCJ's, defaults, mortgage arrears, worried you won't get credit)
Insurance : optional
Fees : none
Example : Not applicable
Other :

  • Nationwide showrooms.
  • MOT on all cars.
  • 136 point vehicle inspection.
  • £1000 part exchange. 

Find out more and apply online by clicking here.

Small Cash Loans
Typical APR : 183.2% for 55 week loan
Loan Type : Unsecured
Loan amounts : £100 to £800 cash loans
Repayment term : 31 or 56 weeks
Restrictions : consider applications from everybody
Welcome to Apply : everybody.
Insurance : N/A
Fees : none
Example : £500 loan : 56 weeks @ £15 = £840
Find out more and apply online by clicking here.

 

Warning : think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.