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online unsecured loans for bad credit

What Are Bad Credit Loans?

These lenders could offer you a personal loan even if you have a poor credit history. online unsecured loans for bad credit Compare rates for unsecured loans that will consider people with a bad credit rating.

Oink Money Ltd is an Introducer Appointed Representative of Maintain Marketing Ltd.. Maintain Marketing Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 727520. Oink Money Ltd is registered in England and Wales. Company Number: 10676626. Registered Office: Statuo, Rugby House, Bolton, England, BL6 7JH. Licensed by the Information Commissioner’s Office, Registration Number: ZA244930.

In the case of any type of finance you should never borrow more than you can afford to repay. Lenders are required to conduct affordability tests prior to lending any money. But as a borrower you are obliged to repay on the terms agreed. If you fail to there are always going to be some consequences. At the very least your borrowing rating will be downgraded making borrowing harder in the future.

While information like your spending history is obviously included in your credit report, another key element that could make or break your loan request is your voter registration status. This is information that lenders use to verify your name and address in avoiding fraud, and lacking it could be a hurdle. By not having your registration information available on your credit report, lenders may find themselves unsure of your identity, and less willing to give you the funding you need. Head to About My Vote to register, and give lenders one more reason to consider you for a loan.

If you’ve missed a repayment of a loan (or paid it late), had a vehicle or house repossessed, had debt passed on to a debt collection agency, or become insolvent within the last six years, it will be marked clearly on your credit record. These will all contribute towards a lower credit score But don’t worry – you can always work to improve your credit score.