Guaranteed Bad Credit Loan
How frequently do you discover yourself needing some extra cash? Perhaps a recent string of large payables has originated some financial issues. Or maybe your car has packed in and will never run another yard again. You could even just want to go on a family vacation or consolidate some of your other existing debts. Whatever the grounds, in this instance you would normally just call your bank and apply for a loan. However, what do you do if you have a bad credit rating and need a loan?
I'm certain you have seen a lot of TV ads or newspaper advertisements that imply they give guaranteed bad credit loans. It doesn't concern whether you have late or missed payments, arrears, defaults, CCJ's or even a bankruptcy, these companies will always provide sure bad credit loans.
It isn't until you give a closer study at some of the terms provided with your loan, that it no longer seems like a good choice. I, personally, have seen cases where a business will provide guaranteed bad credit loans, but at an interest charge more than 500%. In other words, you would have to pay back 5 times the amount your initially borrowed each year! I should confess it is terrifying sometimes attempting to find a loan when you have a less than perfect credit record.
However, you will learn that there are numerous intermediary companies out there to assist you. So rather than needing to do all the work yourself and receiving refusal after refusal, you can have somebody else do the work for you.
Many of these intermediary companies have a large list of lenders who provide guaranteed bad credit loans and in actual fact only work with people with unfavourable or bad credit. You can check the list of lenders until you discover a company which meets for your requirements.
These lenders will offer most types of credit to individuals with a poor credit rating, but just lend money based on affordability. Therefore rather than "blacklisting" you because of your credit score, these lenders will calculate what they believe is payable for you and then lend you money consequently! - 23222
I'm certain you have seen a lot of TV ads or newspaper advertisements that imply they give guaranteed bad credit loans. It doesn't concern whether you have late or missed payments, arrears, defaults, CCJ's or even a bankruptcy, these companies will always provide sure bad credit loans.
It isn't until you give a closer study at some of the terms provided with your loan, that it no longer seems like a good choice. I, personally, have seen cases where a business will provide guaranteed bad credit loans, but at an interest charge more than 500%. In other words, you would have to pay back 5 times the amount your initially borrowed each year! I should confess it is terrifying sometimes attempting to find a loan when you have a less than perfect credit record.
However, you will learn that there are numerous intermediary companies out there to assist you. So rather than needing to do all the work yourself and receiving refusal after refusal, you can have somebody else do the work for you.
Many of these intermediary companies have a large list of lenders who provide guaranteed bad credit loans and in actual fact only work with people with unfavourable or bad credit. You can check the list of lenders until you discover a company which meets for your requirements.
These lenders will offer most types of credit to individuals with a poor credit rating, but just lend money based on affordability. Therefore rather than "blacklisting" you because of your credit score, these lenders will calculate what they believe is payable for you and then lend you money consequently! - 23222
About the Author:
Jason Myers is a professional writer and he writes mostly about free credit reports news. He's also interested in repair bad credit guides.

