Bad Credit Loans From £1K To £250K With Ocean Finance
Use this comparison to find a loan that offers the amount you need to borrow over the time you want to pay it back.
A poor credit rating can make it difficult or more expensive to borrow, as lenders will see you as a risk. A lack of credit history can also make it hard to get credit as there is no information to assess your borrowing habits and determine how you handle your finances. People with a limited or poor credit history or rating who need to borrow, can opt for a bad credit loan, however these usually charge a much higher rate of interest.
If you have a bad credit score and are struggling to obtain a payday loan you may find a lender who provides this, such as Sunny. If you have a bad credit score, most lenders will trusted loans for bad credit require a higher rate of interest, in order to safeguard the risk we take by lending to you, but no matter how bad the situation may feel we will try our best to help you out.
NOTICE TO ACTIVE DUTY SERVICEMEMBERS AND DEPENDENTS: Federal law provides important protections to members of the Armed Forces and their dependent relating to extensions of consumer credit. In general, the cost of consumer credit to a member of the Armed Forces and his or her dependent may not exceed an annual percentage rate of 36 percent. Balance Credit does not offer a loan product with an annual percentage rate equal to or less than 36 percent. Accordingly, Federal law prohibits us from offering our loan products to active duty service members or their dependent.
If you have a limited credit history because you haven’t borrowed money in the past, there are some things you can do to help. If you don’t already have a current account in your name, opening and managing an account well (i.e. making sure you have money in your account to pay your bills and avoiding going into an unplanned overdraft) can help. Nowadays some utilities and all mobile phone contracts count towards your credit score, so having well-managed utility accounts in your name could also work in your favour. Setting up direct debits from your current account will help ensure you make your payments on time each month.