Free Quotes for Bad Credit Loans

If you are looking for a bad credit loan as in the past you have missed payments, defaults or county court judgements registered we have a large panel of lenders that can help.

Our team of advisers can give you advice on bad credit loans and mortgages and help you all the way through to completion.

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Free Quotes For Bad Credit Loans

While there is technically no such thing as a "bad credit loan," what customers who seek this out are typically looking for is a lender who will consider them, despite less-than-perfect credit. Though an imperfect credit history can interfere with your access to some types of conventional financing, bad credit loans are available, serving various short-term funding needs.

Searching for a bad credit loan can be something of a minefield, particularly online. There are many companies supposedly offering bad credit loans but there is much information that you will need to read and digest before committing to both the application and the small print prior to accepting the loan.


What is a Credit File and how is it different to a credit report?

A credit file is a database which contains your personal and financial details obtained from loan providers, credit card providers, banks and other services that lend money or credit. Typically, the Credit File will include:

  1. Personal Details in Full Name, Date of Birth, Current Address, Place of Employment and gender.
  2. Account Information including a breakdown of your credit accounts (loans, credit cards etc) and the balances. When they were opened or closed; How much activity there was each month; Payment history and whether any payments are or were overdue or missed.
  3. Credit Inquiries which include credit applications that you have made in the last two years. Keep in mind, credit inquiries come in two forms: a hard inquiry and a soft inquiry. A hard inquiry is made by financial institutions when making a decisions on lending. This will leave a mark on your credit report for up to two years and can affect your credit score. A soft inquiry is not linked to any application and does not affect your credit score.
  4. Defaults and other black marks including defaulting on debts and declaring bankruptcy.
  5. Past and current employers are also listed on your credit file.

Bad credit does not automatically have to be a barrier to receiving a loan and you do not need to be a home owner to apply. Bad credit can be very frustrating, but we will do our best to help. Your personal circumstances and life situations can change and sometimes this can happen very quickly and sometimes they are even out of your control.

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What to Expect from The Money Hub

We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your loan

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your loan being accepted

THE ACTUAL RATE AVAILIABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

LOANS MAY BE SECURED ON YOUR HOME. YOU WILL HAVE TO PAY EARLY REDEMPTION CHARGES THIS WILL VARY. A VARIABLE RATE LOAN MAY GO UP OR DOWN IN LINE WITH THE BANK OF ENGLAND BASE RATE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEY ADVICE SERVICE.

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