If you have been refused credit by your bank or a high street lender, don't worry you are not in a minority. Since the credit crunch in 2008, all of the UK's mainstream lenders, including the 'supermarket banks' have tightened their acceptance criteria and made it much more difficult to be accepted for a loan.
If your credit history has had a few bumps in the road in the past, for example if you've missed a payment on a debt, whether this is an overdraft, credit card, personal loan or even a mortgage, you will need to consider a specialist lender like Everyday Loans that offers bad credit loans for your borrowing needs.
Bad credit loans are loan products that are specifically designed for people with a bad or poor credit history. People with a poor credit history are identified by the banks as someone to whom it is more risky to lend money.
There are not many lenders that offer specifically designed loans for people with adverse credit histories. Anyone can apply for a bad credit loan but your age, income and employment status will be taken into account before any application is processed. The minimum requirements are that you are over 18 and employed.
74.8% APR (variable)
High street banks, building societies and online supermarket banks do not offer these loans and you will find that bad credit loans have a higher APR, particularly if you are considering an unsecured personal loan. Everyday Loans is one of the UK's leading bad credit loan providers, offering customers a personal face-to-face service that addresses all our customers' financial needs.
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