Unsecured Bad Credit Loans
As a broker with in-depth experience in sourcing bad credit loans, we at Back on Track have strong links with many reputable providers. This gives us access to a wide range of unsecured loans for bad credit. So, even if you have been turned down for finance previously, we can still help you to obtain borrowing.
You may have been refused borrowing by banks or mainstream lenders for a variety of reasons. Perhaps you have had CCJs before or have defaulted on a previous financial agreement. This may have left you with concerns about how to get a loan with bad credit. but rest assured; there are other options available.
Many of the lenders that we deal with are not listed on price comparison sites, but nevertheless they offer some good deals even if you may have missed the odd payment in the past. Furthermore, because many of them specialise in providing finance to people with a poor repayment history it is possible to obtain bad credit loans with no credit check.
What are Unsecured Bad Credit Loans?
Unsecured credit refers to finance which is granted without the need to put up anything you own against the amount borrowed. This means that the lender doesn’t have the automatic right to seize your property against of any outstanding amounts if you default on the repayments. For this reason mainstream lenders are often more reluctant to grant this type of finance if you have a poor payment history.
Credit that is unsecured can also be referred to as personal loans. If these types of loans are provided specifically for people with a poor payment history you may hear them referred to as unsecured personal loans with bad credit or simply unsecured loans with bad credit.
An advantage with unsecured finance is that applications are quicker to process than applications for secured borrowing.This means that you can receive the cash much faster. However, unsecured finance is usually more expensive in terms of interest charged. In addition, the amount that you will be able to borrow is likely to be lower than for people with a healthy financial standing. This is because lenders will usually view you as a high risk.
Although you might be concerned about additional charges that lenders may levy because of your poor payment history, it is possible to acquire bad credit loans with no fees. We will be happy to help you with this. It is also worth noting that although charges in general are higher than those with mainstream lenders, we are still very competitive in terms of finance for people with a poor payment history.
Why Choose Back on Track Loans?
As our name suggests, we can provide the first step in helping you to sort out your finances. By successfully obtaining borrowing and demonstrating that you can keep up to date with the repayments, you will be improving your chances of obtaining finance in the future, and broadening your choices.
You could be able to borrow between £100 and £25,000 depending on your personal circumstances. We make it easy to apply too. Simply phone one of our onscreen numbers and speak to a member of our helpful team. Back on Track accepts applications from a wide range of people whether you are in employment, unemployed, self-employed, a homemaker, carer or retiree.
Our representative APR of 55.1% is a figure that we are legally obliged to provide. However, from our experience we find that the majority of our customers pay less than this figure. In fact, because of our market links we can find some of the most competitive rates of interest for people who have had difficulty in obtaining finance elsewhere.
If you are looking for an unsecured loan, speak to a member of our team today and you could receive the money within hours.
Representative APR 55.1%