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Bad Debt : Why loan money to a bad debtor?

Why loan money to bad debtors?

Why look for a bad debt loan here?
  • Apply for loan 24 hours a day, 7 days a week
  • No obligation to take loan offered
  • Flexibility to pay off loan early
  • Problems with credit? We can help there too
  • Fixed rates available. Deals on fixed rates are limited

Find your loan in 2 minutes...

You may ask why companies offer bad debt loans to you, even though you have a bad credit rating?

In the past few years, loan companies have come to realise that more and more people are having credit problems. Therefore the choice of bad credit loans has increased dramatically, while interest rates and other charges, such as arrangement and valuation fees, have fallen. This means that people, who would in the past have been unable to get a bad credit loan. Find a bad debt loan, and see what APR you are offered.
If you choose a secured loan, then the equity in your home will provide security to the lender in the event that you don't make the repayments. Remember that the APR on secured loans will be lower, but you must be sure that you can make the payments, otherwise your house could be at risk.

However, if you choose an unsecured bad credit loan, interest rates will be higher, to reflect the greater risk that the lender is taking.

The amount you can borrow will vary, depending on a number of factors, including the amount of equity in your property, your employment status and your financial circumstances.

Interested? Take 2 minutes to give us some details, and somebody will call you back to discuss your requirements.