Good news, Bad Credit Loans are possible with
Bad credit loans are available and we can try and help you. Being unable to get a loan due to a bad credit history can be extremely frustrating and more than a little bit stressful. Just because you have a bad credit history it doesn’t mean you shouldn’t be able to pay for the things you really need. So this is why we offer bad credit loans, cash loans and finance to help you consolidate your debt into a single weekly, fortnightly or monthly payment. Active Finance can help find a loan option to help almost anyone.
Having a bad credit history isn’t the end of the world, and it doesn’t mean that you can’t get a loan at all. It also doesn’t mean that you have to accept an extremely high interest rate. Active Finance works with a number of different lenders, so we can find you a bad credit loan at a competitive rate. There are several lenders outside the major banks that are able to offer loans to people with poor credit, so Active Finance can work to get you the best rate possible. Credit history is just one factor of your financial situation, and we focus on your overall ability to pay back your loan, not just your credit record.
Bad credit loans for any amount are readily available over both a shorter term and a longer term, this is especially helpful with larger amounts and can help with keeping the repayments lower. If you need a larger bad credit loan, it’s still possible for us to help you out. Instead of applying for an unsecured loan for which you need good credit, we could arrange a secured loan for you instead, so the value of your current assets somewhat offsets your bad credit history. By taking out a bad credit secured loan, you can even help recover your credit score somewhat, giving you the chance to prove that you have your finances under control and can repay a loan consistently. That may help with securing further or larger loans with Active Finance in the future.
While traditional financial institutions are unlikely to give you a bad credit loan, Active Finance is different. We don’t expect you to meet ‘normal lending criteria’, because we understand that everyone is in a different situation, and don’t believe your history should affect your future. We’ll judge your application for a bad credit loan on its own merits, and on your current ability to pay back your loan. We strive to support everyone in achieving their financial goals, regardless of their financial past. As we are not limited to a single lender, we can present you with a number of options, so you know you’ll still get a fair deal even if you have a poor credit history. We also offer flexible repayment schemes, so you can keep your finances under control in the future and help improve your credit score in the long term.
To see how we can help with a bad credit loan, contact our friendly team to talk through your options. Alternatively, you can get started today by filling out our quick and easy online application form . We will review your application as quickly as possible and get back to you to get your loan sorted as quickly as possible.
Interest rates for bad credit loans do vary based on your overall profile and degree of adverse credit registered against you on your credit report and residence and income stability. Loan terms also vary depending on the security on offer but you can expect to repay your loan between a minimum of 6 months and maximum of 60 months typically, there can be variations to this but we try and structure the repayments to suit you and your affordability hence the term variation is to meet individual requirements. We have given an interest rate guide below along with an example based on a real case of a typical secured bad credit loan taken out over 24 months, repaying weekly, using a car as security.