Know About Loans with Bad CreditApply Now
Bad credit loans are for people with bad credit history and who are struggling to get an ordinary loan from other banks. These loans come as a saviour to the borrower when he is facing financial issues.
The lenders provide these loans either with a reliable interest rates or the borrower should put collateral against the loan.
We offer loans for people with poor credit scores. Since these loans do not require any surety, considerable APR will be imposed depending on various factors like loan amount, loan tenure and more.
Reasons to Use Bad Credit Loans
Let money not be a problem for fulfilling your needs. Look out for benefits before applying.
No Credit Check
Can Borrow Large Amounts
Improves Credit History
Frequently Asked Questions
A Bad Credit loan is a type of short-term loan that is offered for people with poor credit scores. It is an unsecured loan that is credited by a credit union or a financial lender to the borrower who has a low or bad credit history. Since there is no surety, considerable APR will be imposed depending on the loan amount and other factors. There are different types of bad credit loans that can be availed depending on your requirements and preferences.
A Bad Credit Loan is usually an unsecured loan, although a few lenders may provide secured bad credit loans too. It can be availed quickly from a financier without much hassles or paperwork. The loan can be repaid as manageable amounts over a scheduled time period. The borrower will have to pay the loan amount along with the interest rates for the pre-decided payment tenure.
At FleetQuid, our lenders provide loans for any amount in between £100 up to £5000, imposing 36% Representative APR (variable). You can choose the amount depending on your requirements. However, it is wise to choose an amount that you may need immediately because the bad credit loans are usually unsecured and come with considerable APR depending on your loan amount and other factors.
At FleetQuid, our financiers will not impose any restrictions on how you should use your loan money. However, it is better you use it for genuine purposes. You can use the loan amount to repay consolidated debts, for repairs & renovations, for medical emergencies, to make purchases, etc.
You will probably be the right person to decide that for yourself. You could explore regarding Bad Credit loans, the pros and cons, or you could talk to one of our representatives who will give you an insight into Bad Credit Loans. You can then choose depending on your preferences and needs.
The best way to keep a good credit score history is to make your payments on time. If you already have a bad credit score, you could avail a bad credit loan to payoff consolidated debts to help build the credit score. You should repay the currently availed loan on time to retain the good score.