Poor Credit Loans

Poor Credit Loans are often called Bad Credit Loans, Non Status Loans or Adverse Credit Loans. Poor Credit means you have no credit rating or a poor credit rating. A good credit rating is the direct result of having borrowed finance and successfully repaid that which you owed

If you have credit card arrears or mortgage / rent arrears or have been made bankrupt you will more than likely have a poor credit rating.
Self employed people who cannot produce at least 3 years of accounts to a lender can be deemed to have a poor credit rating. A credit check is usually carried out on you by the lender before they decide to lend you any finance. The credit check will give the lender an idea of how much risk is attatched to lending to you. If you have defaulted on payments in the past whats to say you won't do it again. They are checking to see if you have CCJ’S or debts left unpaid.
You should still be able to find a lender who will give you a loan if you have poor credit rating but you will probably pay higher interest rates on the loan.

At PeopleFinance.co.uk we can help you find a Poor Credit Loan, an independent financial processor will aim to get you the best deal to match your credit circumstances.

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Related glossary terms to UK Poor Credit Loans:
Adverse Credit | Credit Checks | Debt Consolidation | Unsecured Loans | Secured Loans | Personal Loans | Homeowner | CCJ's | Defaults | Arrears | Bad Credit | Non Status

Related Poor Credit Loan Products:
Poor Credit History Tenant Loan | Poor Credit Rating Tenant Loan | Poor Credit Rating Tenant Unsecured Loan | Poor Credit Car Loan | Poor Credit History Loan | Poor Credit History Personal Loan | Poor Credit Rating Loan | Poor Credit Score Loan | Poor Credit Unsecured Loan | Poor Credit History Unsecured Loan