This is causing untold issues for people, not only does a poor credit rating prevent consumers from obtaining mortgages to telephone contracts, it takes credit availability away from those who need it the most.
That’s why, at 1Plus1 Loans we see the need for our type of “poor credit loan”. We realise that people make mistakes in life and we like to give consumers a second chance at bringing their finances back on track.
A good place to start would be to check your credit file. You can sign up to one of the big "credit reference agencies" like Equifax for a small fee.
Taking on the responsibility of repaying a loan may not be the answer for you. It may be better for you to seek advice from the moneyadviceservice.org.uk if you are having problems repaying your current credit.
Not all consumers are lucky enough to have a friend or family member who will stand guarantor for them and this itself can create a problem. Our solution will be to allow tenant guarantors in the near future, opening up a string of opportunities for people presently unable to provide a homeowner friend or family member to vouch for them during an application and access the credit and gain the ability to move forward.
So if you're looking for a loan for poor credit, then check out our personal loan calculator on our home page to see what your monthly payments would be. If you can afford them and your happy with the terms then apply today and you could have your money within 24 hours.
All credit is subject to meeting our credit worthiness and affordability criteria.