£10000 Secured Personal Loans UK
If you live in the United Kingdom and have a poor credit rating, getting a loan is not going to be easy. There are ways in which you can make it easier though. Here's a quick update. It is common practice among lenders all around the world to deny loans to those with poor credit. But with the current state of the economy, most people would have had to deal with a few skipped or at least a few late payments in the last few years. This will put a negative mark against your borrowing history. The good news though is that a lot of loan companies have now started providing loans to people that have poor credit as well. You just have to be able to find them.
One difference between the United Kingdom and other parts of the world is that there isn't any maximum APR in UK. There isn't too much regulation when it comes to personal loans either. This means that you will need to be careful when it comes to taking personal loans.
Let's take a look at a few of the options you have as far as unsecured loans are concerned:
1. Doorstep loans- These loans will have an APR of something like 200 %.
2. Guarantor loans- These loans will have an APR of something around 42 %.
3. Logbook loans- The APR for these loans is around 30 % but you will need to provide collateral in the form on your car.
Unsecured loans are quite difficult to get if you don't have a good credit history but there is one other way in which you can get a loan.
Have you considered secured loans? In these loans, you basically give the loan company something like your house or a plot of land as a collateral security in exchange for the loan. You can easily get loans within the value of the collateral you are providing. And the best part is that you don't even need to have a good credit history. Since lenders are secure, they don't mind giving loans to people with poor credit as well. And you will also be able to benefit from a low interest rate too. The advantages with secured loans are unlimited. A lot of people use such loans in order to consolidate their debts and reduce the interest they are paying. So, if you're in trouble because you missed a few loan repayments in the last few years, take a secured loan from, say, appleloans, and fix your credit history. Ensure you don't miss payments on a secured loan though as you might end up losing your house in the process. Getting secured loans in excess of ? 10,000 is quite easy as long as you have sufficient collateral that is. So what are you waiting for? Get a secured loan and start improving your credit history today.
One difference between the United Kingdom and other parts of the world is that there isn't any maximum APR in UK. There isn't too much regulation when it comes to personal loans either. This means that you will need to be careful when it comes to taking personal loans.
Let's take a look at a few of the options you have as far as unsecured loans are concerned:
1. Doorstep loans- These loans will have an APR of something like 200 %.
2. Guarantor loans- These loans will have an APR of something around 42 %.
3. Logbook loans- The APR for these loans is around 30 % but you will need to provide collateral in the form on your car.
Unsecured loans are quite difficult to get if you don't have a good credit history but there is one other way in which you can get a loan.
Have you considered secured loans? In these loans, you basically give the loan company something like your house or a plot of land as a collateral security in exchange for the loan. You can easily get loans within the value of the collateral you are providing. And the best part is that you don't even need to have a good credit history. Since lenders are secure, they don't mind giving loans to people with poor credit as well. And you will also be able to benefit from a low interest rate too. The advantages with secured loans are unlimited. A lot of people use such loans in order to consolidate their debts and reduce the interest they are paying. So, if you're in trouble because you missed a few loan repayments in the last few years, take a secured loan from, say, appleloans, and fix your credit history. Ensure you don't miss payments on a secured loan though as you might end up losing your house in the process. Getting secured loans in excess of ? 10,000 is quite easy as long as you have sufficient collateral that is. So what are you waiting for? Get a secured loan and start improving your credit history today.