A bad credit loan, as its name suggests, is a loan specifically designed for people with a poor credit history.
This could be the result of missing repayments such as for a credit card, phone contract or mortgage. The term “bad credit” tends to be used when an individual’s credit is less than perfect, but it’s important to understand that your credit report is quantified using a numerical value. In order to know if you are trustworthy, banks will want to see evidence that you will make all repayments on time, without a credit history this information isn’t available to them.
We understand how easy it is to find yourself with a poor credit rating. Maybe you have missed the occasional payment on your credit card or store card, perhaps you haven’t always paid your mobile phone bill on time, or you’ve taken out an unsecured loan you couldn’t quite afford and incurred a CCJ.
Before you know it, your credit rating is adversely affected, which can get in the way of you obtaining a secured loan, car finance, or even a mortgage.
We understand that having bad credit caused by CCJs, missed payments and other defaults are not always the fault of the customer, and that recovering from that can be time-consuming and frustrating.
Our approach is to look at customers as individuals and not just figures on a computer screen. We listen to personal situations when it comes to providing secured loans for people with bad credit, and strive to identify where we could possibly make a difference.
Here at Evolution Money, we pride ourselves on our customer focus and putting your best interests first.
We treat each and every case with respect and attention, making sure that we look at your complete financial situation before coming to a decision. Even if you have been refused elsewhere because of a less-than-perfect credit rating, we don’t rely on automated credit checks so you may stand a better chance of receiving a bad credit loan with us.
We view bad credit ratings as a problem to be solved, not an obstacle. It’s an approach that has already helped thousands of people with an adverse credit rating get access to the loans they need, loans that they just couldn’t get anywhere else. And it’s an approach that could help you too.
In order to apply for a bad credit loan through Evolution Money, you must fit our criteria:
Our loans for people with bad credit range from as little as £1,000 and go all the way up to £20,000. Furthermore, you can spread your loan repayments over 12 months or even up to 15 years.
Take a look at our handy loan calculator to see what your repayments might be on a bad credit secured loan through Evolution Money.
Or, give us a quick call on 0800 138 7181 to talk through your credit needs and get a quote from an Evolution Money personal account manager today.Apply for a Bad Credit Loan