5 loans to consider if you have bad credit

By: Alex Hartley May 23, 2016 5 loans to consider if you have bad credit A bad credit rating can feel like the end of the world when it comes to trying to arrange new finance. Millions of people in the UK have issues with their credit rating and yet, despite the volume of people this affects, we still believe that credit score problems mean that no lender will touch us. As personal finance has evolved to take into account the way the world is now, this is simply no longer the case. There are now loans tailored to people with credit problems. If you have a bad credit rating then consider these five loans as they are designed to help anyone without a perfect credit score. 1. Guarantor loans The idea behind guarantor loans is that they provide someone with a good credit score with the opportunity to help someone with a bad credit rating. A guarantor will essentially provide an insurance policy to a lender – if you can’t repay the loan then the guarantor agrees to do it for you. With
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