Bad credit loans are designed for people with poor credit histories.
If you’ve had problems keeping up with your repayments in the past which have left a mark on your credit history, you might find it more difficult to be accepted for a loan now – that’s where we may be able to help.
Instead, we aim to give competitive rates so even those with a bad credit history can secure the finance they need.
Ocean personal loan comes with an APR of 44.9% APR Representative If you’re a homeowner and have a poor credit history you can secure a loan against your home, which gives the lender extra security in case you fail to meet your repayments.
Use our finance calculators and see whether the amount you want to borrow is affordable.
Adjust the loan options to find out what terms could be right for you. Car Loan Calculator Home Loan Calculator Personal Loan Calculator Motorcycle Loan Calculator Equipment Loan Calculator Caravan Loan Calculator Boat Loan Calculator Truck Loan Calculator Yellow Goods Loan Calculator Jet Ski Loan Calculator Same day car loan with bad credit: How we helped Julia Home loan with partner defaults Harry’s Recovery from Mortgage and Utility Bill Defaults Tom’s Mid-Life Comeback from a Part IX Debt Agreement Anna's New Jet Ski Kelly and Mark's Caravanning Adventure Rachael Rebuilds Her Credit History with Motorcycle Finance Tyler's Growing Business Sam & Sally’s Second Chance The irony of a credit score is that, often, people don’t know what theirs is like until they need to rely on it.
You can choose to make direct debit repayments, monthly, weekly or fortnightly – it’s simple.
If you set it up on your pay day, you’ll never have to worry about upcoming payments again.Because of this, interest rates for bad credit loans are likely to be higher than on loans designed for people with the best credit history.You should only take out a bad credit loan if you’re confident you can meet the monthly repayments.As with any type of lending, bad credit loans are a safe way to borrow providing you can meet the monthly payments you’ve agreed to. We will not charge you for arranging your personal loan but, if your application completes, the lender will pay us for our services. We will receive a commission from the lender upon completion.If, for any reason, you’re unable to pay back your loan, you should get in touch with your lender straightaway to discuss your options. A fee of 12.5% of the net loan amount, capped at £2975, is payable upon completion.Juggling a whole lot of little debts can become a real hassle – especially when you miss a payment!