Loans for people with bad credit | Secured loans

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Adverse Credit Secured LoansMin LoanMax LoanMin TermMax TermAPRMore Info
Loan Machine
Loan Machine
£3000 £100,000 Depends on amount borrowed Depends on amount borrowed 15.9%
Loan Machine offer the ability to search the UK Secured Loan market so you have the best chance of being approved a Loan. With years of experience in the industy we have a simple application form that will enable us to search the market for you instantly. Loans are Secured against your home, like a mortgage, and we can look to help customers who have bad debt such as mortgage arrears, defaults or CCJs.
Provident Personal Credit
Provident Personal Credit
£50 £500 23 Weeks 52 Weeks Depends on amount borrowed
Provident Personal Credit is the UK & Republic of Ireland's leading home collected credit company, offering small, unsecured personal loans and other related products. A name you can trust - 125 years in business. Specialise in providing small cash loans of up to £500 to customers from all walks of life. Address: 1 Godwin Street, Bradford, BD1 2SU.
You must:
  • Be a UK resident
  • Be at least 30 years old
Representative Example: Total Amount of Credit: £300; Representative APR: 272.2%; Duration of Agreement: 52 weeks; Total Charge of Credit: £246; Total Amount Payable: £546; 52 weekly payments of £10.50; Rate of interest 80.2% p.a. fixed; The information underlined is variable depending on the loan amount, product & term offered.
The Loan Locator
The Loan Locator
£50 £25,000 Depends on amount borrowed Depends on amount borrowed 23.1%
The Loan Locator specialise in fast, unsecured loans with 48 hour turnaround. No worries if you've been refused or declined before. Use your unsecured loan of up to £25,000 for any purpose and spend your money however you like.
Kensington Direct
YES Loans
£100 £5,000 1 month 24 months 53.9%
Kensington Direct Loans is your definitive bad credit broker. By filling out a short online application form that will take just a few minutes you will be matched with the right bad credit lenders for you. Approval takes a few seconds and the money will be deposited straight into your account.
You must:
  • Be a UK resident
  • Be over 18
  • Be in some form of employment
  • Have 3 years of UK address history
Representative Example: At 53.9 % APR fixed, £3000 borrowed over 36 months payments would be approx £151.19 per month. The total amount to be repaid would be £5442.84.
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.
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Bad Credit Secured Loans

Is your poor credit score preventing you from getting the loan you need? Well all is not lost because help does exist for people with bad credit ratings. If you have difficulty acquiring secured loans for bad credit, it's not the end of the world. Depending on your particular circumstances, you may have several available options.

Times are changing and acquiring a secured loan is no longer all the hassle it used to be. The type of loan you are able to get will depend on several things, including credit history, available collateral and your employment situation. Your lender might ask you about other things while evaluating your request. It depends on each specific lender, the amount of money you need to borrow, and the terms that you require.

Secured loans such as home equity loans (HEL) and some personal loans require some form of collateral. If you default on the loan, the lender is able to take possession of your collateral to regain a portion of the loss. Since home equity is the best source for acquiring a loan, its best to take advantage of your home if you own one to get the money that you want.

Your best chances for obtaining a loan when you have bad credit may be a sub-prime lender who specialises in granting loans to people with bad credit. In addition to a home equity loan, you can also look into acquiring a personal loan. This type of loan is usually for less money and a larger interest fee than you would get with a home equity loan.

Although your credit score and other financial data will surely affect the options available to you including home loans (HEL) and personal loans, there is an option that won't require any of that - that is a payday loan. Payday loans are fast and simple solutions to temporary financial shortfalls.

Payday loans can also be referred to as payroll advance loans, cash advance loans, post-dated check loans, deferred deposit check loans, and check advance loans. Payday loans are unsecured and thus require no collateral. You simply need proof of your employment, a postdated check for the amount that you borrow plus the fees, or an electronic back account number that can be used for repayment..

With payday loans, the consumer typically borrows just a small amount of money for which he/she is charged an arguably exorbitant interest rate. The loan is payable on the next payday and both parties are required to sign a loan agreement. It's a quick, no hassle exchange.

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Contact Us | September 3rd, 2014