Bad Credit Loans Give You The Power to Build New Bridges You Wouldn’t Normally Have!

Thinking about trying to take care of your financial life in a different way? You’re in good company! Even if you have had some credit challenges in the past, there’s no reason why you can’t consider bad credit loans in the future. It’s just a matter of looking through the resources you have in order to figure out what else can be accomplished. If you think about everything else that you can achieve, you’ll actually find that this makes a lot of sense. You’ll find that the tools you need are there, but they might not be in your offline location.

However, the good news is that they are indeed available online. The rise of the Internet has given way to a lot of different financial networks that didn’t exist in the past. Lenders are realizing that they have the power to find the best people without necessarily looking at the hard numbers. In other words, you’re not going to be counted out just because your credit isn’t the best. Maybe you’re overcoming those problems and you just need a little help.


What bad credit lenders online are going to be looking for is the ability to repay the loan. The more money that you have coming in, the more power that you will have to actually take care of your loan without hurting the rest of your life.

The rates are surprisingly affordable when you consider the risk on the lender’s side. Even though you have every intention of paying the loan back, there are many people with similar credit problems that default on these loans. This makes it hard for everyone to get the financing they need to follow their dreams. You might want a car, but if every other person who has financed a car through that lender has defaulted within 5 years, they’re going to be viewing you with suspicion. Is that fair? Not really, but that’s the world of credit for you.

Thankfully, times are changing to where all people that apply are going to be judged on their overall merits and not by a single number. This means that this is the perfect time to honestly consider getting bad credit loans — it’s really not as bad as you might imagine! After all, you won’t know what you qualify for until you apply!

Don’t Buy The Hype – Pay Day Loans Can Definitely Be a Good Thing

Let’s face it — the first time someone mentions a pay day loan to you, you’re probably going to tell them that there’s no way on earth you would ever go with getting one. There are just too many fees, too many hurdles to jump, and it’s too hard to pay them back. However, is that really true? Are payday loans really the evil scoundrels that we’re all thinking about? That’s just not the case at all.

You will find that pay day loans are really not that bad at all. If you look at the circumstances when most people actually go with a payday loan, you’ll find that they usually don’t have any other smart option. If they were to go with trying to get conventional financing, they could end up losing more. It’s all about opportunity costs more than anything else. If you only see things in a matter of fees and not in a matter of getting things done, you will always pay for it in the end when you don’t get what you ultimately need.


The right time to take action for a better life has to be now. It has to be something that you do because life won’t wait for you. It has to be something that you believe in, because you won’t settle for anything less.

Let’s go back to pay day loans and tie this all together. When life moves in unexpected ways, you have to be able to react very quickly. Traditional sources of money in the loan department aren’t going to let you do that. It means that you either have to deal with not having the money, or hoping and praying that your friends can lend you the money. It goes without saying that you probably don’t want to really include your friends into your financial problems. They might feel resentful if you start coming to them over and over again. It can be viewed as you don’t really have control over your life, and who really wants to be friends with someone that constantly needs to be helped out?

You’re a lot better off going with pay day loans. Once you apply online, you can get them very quickly. You can have the money in your account almost the same day, if not the next day. Approval is easy — you just need to prove that you have the income and a checking account. Once those things are established, you can be well on your way to the money that you need!

What you need to know about APRs and payday loans

If you have a mortgage, credit card or personal loan, you will be familiar with the term APR. APR stands for annual percentage rate and as the name suggests, it is the rate of interest you will pay for a whole year.

What many are unaware of is that the APR quoted by a lender or mortgage provider also includes associated costs. Another common misconception is that the headline APR is what all applicants will receive if their application is approved. This is not the case.

The advertised APR is what the majority of people receive. However, that majority could be as slight as 51-49, so you need to do more than simply look at the number quoted. Where the APR causes the most confusion is with regards to loans by text.


Payday loans are routinely vilified in the media, with trade groups, consumer groups, politicians and the like lambasting them for being expensive and trapping people into debt spirals.

There are some strong arguments against these complaints, which are supported by data showing that millions of people use payday loans every year to help them through difficult times.

Critics immediately point to the APRs advertised by text loan providers, claiming that it is foolish to borrow money at rates of several thousands.

What these critics fail to point out is that text loans are not meant to be borrowed over a 12-month period. Payday loans are meant to help people deal with immediate, short-term financial difficulties.

If payday loans were designed to be long-term sources of finance, the providers would very quickly go out of business – why would anyone borrow at a rate of 4,000 per cent over five years when they can borrow at a rate of 17 per cent from a high street lender?

What you need to do as a potential borrower is to work out the interest over the period you intend to borrow for.

So, if you take out a £300 loan over a period of 30 days at an APR of 2,120 per cent, the total you would repay would be £387. That means you pay £87 in interest overall.

As you can see, this is a lot less terrifying than critics would have you believe. Herein lies the problem with APRs with regards to payday loans.

Yes, the APRs are high but the loans are short-term facilities, not long-term financing options, so the APR – while not irrelevant – does not paint a clear picture at all about how much a text loan will ultimately cost you.

Take one out over a year and the APR will take your debt to astronomical levels. However, if you use text loans correctly – which is infrequently and only over a month at the most – then they can make a lot of sense.

Most providers will have the cash in your account within a few hours and the lending criteria – while not easy – is a lot less stringent than those set by banks.

So you get speed and convenience at a cost of £87 in the example above, which most people would deem a fair price in today’s market. Those who get into difficulties with payday loans are the people who do not use them properly. It is when you do this that the APR becomes a real problem.

Use them as they were intended, however, and you could benefit like so many other people in the UK have over the last few years.

Loans For Bad Credit Do Exist – Claim Yours Today!

Are you thinking about trying to get a loan with bad credit? Good luck! These days, trying to get a loan when you’re struggling to make ends meet can be met with a swift rejection letter — nothing personal, mate, but you just don’t qualify.

What if you already have stable income and employment, and you know that the loan is small enough where you can repay it in a short amount of time? Doesn’t that mean that you should at least be given a chance to do better in life? Isn’t it right and proper that you should be able to rebuild your credit slowly? After all, if you could just show people that you are now responsible again and can handle the little things you would be able to have a good credit rating like everyone else over time.

Thankfully, a website like LoansForBadCredit.co.uk has the answers . These are from lenders that know that you are just getting your life back together. You deserve a second chance. If they don’t give it to you, then how can they expect you to do better in life?


The best part about applying for loans for bad credit online is that you can get connected to a wide list of lenders that work with clients that have less than perfect credit scores all of the time. This means that rejection is going to be the last thing on their minds. They know that you don’t have perfect credit.

What’s going to be absolutely important is that you have the power to pay the loans back. You are probably ready to be taken seriously as an applicant and they’re going to make sure that you get the respect that you deserve.

What can you ask for a loan for? Just about everything. Some people look for home loans, while others look for a little money to finally take the kids on a holiday trip that they will never forget. No matter what reason that you have for asking for a loan, you can count on finding a lender that would love to help you. As long as you have put most of your credit problems behind you, there’s no reason why you’re not going to be able to find at least one lender that can work with you — and many bad credit applicants find several lenders that actually fight for their business. What more could you want?

The road ahead is clear — apply for bad credit loans online today. You really won’t regret it!
Are you thinking about trying to get a loan with bad credit? Good luck! These days, trying to get a loan when you’re struggling to make ends meet can be met with a swift rejection letter — nothing personal, mate, but you just don’t qualify.

What if you already have stable income and employment, and you know that the loan is small enough where you can repay it in a short amount of time? Doesn’t that mean that you should at least be given a chance to do better in life? Isn’t it right and proper that you should be able to rebuild your credit slowly? After all, if you could just show people that you are now responsible again and can handle the little things you would be able to have a good credit rating like everyone else over time.

Thankfully, there really are loans for bad credit that you can tap into. These are from lenders that know that you are just getting your life back together. You deserve a second chance. If they don’t give it to you, then how can they expect you to do better in life?

The best part about applying for loans for bad credit online is that you can get connected to a wide list of lenders that work with clients that have less than perfect credit scores all of the time. This means that rejection is going to be the last thing on their minds. They know that you don’t have perfect credit.

What’s going to be absolutely important is that you have the power to pay the loans back. You are probably ready to be taken seriously as an applicant and they’re going to make sure that you get the respect that you deserve.

What can you ask for a loan for? Just about everything. Some people look for home loans, while others look for a little money to finally take the kids on a holiday trip that they will never forget. No matter what reason that you have for asking for a loan, you can count on finding a lender that would love to help you. As long as you have put most of your credit problems behind you, there’s no reason why you’re not going to be able to find at least one lender that can work with you — and many bad credit applicants find several lenders that actually fight for their business. What more could you want?

The road ahead is clear — apply for bad credit loans online today. You really won’t regret it!

Targeted Loans Can Help You Keep The Season Merry – But Be Careful!

Great loans take time to get, but that doesn’t mean that they’re always out of your reach. You just need to make sure that you are keeping your wits about you. That can be difficult during a holiday season where everything seems to jump out at you. It’s been said that the fear of loss is greater than the promise of gain, but one look at a few Christmas deals can really have you wishing it were the other way around. You don’t want to miss a good deal, but you still want to remain true to your financial blueprint. Sure, there’s going to come a point where you’re going to really want to do more than just window shop, and that’s where a good loan can come in.

Why “targeted” loans, anyway?

We like to call them targeted loans because you have a direct purpose for them. Sure, in a perfect world it would only be about getting the cheapest loan possible, but it’s so much more than that. As we mentioned earlier, you have to make sure that you have a purpose for everything that you do. It’s very easy to get caught up in the holiday festivities and then think about doing nothing with the loan. That’s a lot of money in terms of monthly payments to just end up blowing it because you’re not ready to actually get anything done. It would be smarter to pursue a different perspective in the world of loans.

You want to think about the numbers and make sure that you can afford the monthly payments no matter what happens. What if you end up blowing a tire down the road and your loan is still due? That’s a situation where you really do want to make absolutely sure that you’re going to be able to afford that loan and take care of your car. No, it’s not fun to think about all of the different things that can go wrong, but it’s going to help you be a smarter financial planner later down the road.

It’s perfectly okay to get a loan in order to do something fun — you don’t have to feel like if you don’t have a practical purpose for the loan that everything is just going to slide downhill. Many people take out personal loans in order to go on vacation, or to be able to make their Christmastime a little brighter. It’s just a matter of making sure that you know what you are getting into.

With the power of the internet on your side, there’s really no reason why you should really have to worry about what you’re going to pay for a loan. Comparison shopping is really the order of the day, which means that you should get an estimate of how much your monthly payments are going to be.

Where you get your loan also matters — if you have challenged credit you can still check into things at the bank. The bank can often help you out if you have a good checking account. If you are willing to use your active accounts as collateral, you might be able to get a small loan and work up from there.

Pulling your credit report before you make any fast decisions is always a good idea. Yes, if you’ve read our previous guides you have heard us say this before. However, we’re still surprised when we go around the Web and find people shocked that they were denied for a loan but they don’t know why. A low credit score is something that you might be aware that you have, but until you get all of the details you will be at a loss on how to get things moving in the right direction. What’s more is that your credit score might be lower than where it should be because of errors. Incorrect information that is not accurate can really lower your score, and you can indeed do something about it. On the flip side, accurate information that is negative is something that only time can handle unless you’re a really skilled negotiator. It’s up to you to seize control of your future and get things moving in the right direction.

Now is the perfect time to start looking around at good loan offers. Make sure that you really are taking the time to read the fine print — this is not something that you want to rush, for all of the reasons that we’ve mentioned before. Are you really ready to get moving in the right direction? We certainly hope so!

How guarantor loans can help people with low credit ratings

Poor credit can be a significant obstacle to receiving a loan. Lenders judge the eligibility of a potential borrower against their past credit history. This history is determined by their prior ability to pay back loans, as well as their use of credit cards. Many people suffer in the terms of credit card debt, which can drag down their credit rating. As a result, borrowers find themselves in a situation where there is very little they can do to improve their rating, other than to take on more credit cards with higher rates of interest.

Guarantor loans represent an option for borrowers with this problem. A guarantor loan effectively works as a secured loan. In a secured loan, the value of the payment to a borrower is set against the value of an asset like a house by the lender. If the borrower defaults on their payments, and is unable to repay the principal of the loan, the asset used to secure the loan becomes the collateral that the lender can seize. By contrast, unsecured loans do not require assets, but do have higher interest rates than secured loans. Borrowers with poor credit can often only receive access to very high interest personal loans that do little to improve their credit rating.

This problem can be resolved through a guarantor loan, which represents a type of secured loan, but with the asset used to secure the payment represented by a third party. This person, who is most often a family member or friend, has a strong credit history and property to use as collateral. As a guarantor, they agree to repay the loan if the borrower defaults. In this way, a borrower with a poor credit history is able to take on longer term loans without having to be subjected to extortionate rates.

Effect on Credit Rating

One of the key advantages of taking out a guarantor loan is that the agreement effectively works to improve the credit rating of the borrower over time. As repayments are made on the guarantor loan, the borrower’s credit rating rises as a reflection of their ability to meet the conditions of a loan. The higher this rating rises, the more confident banks and other lending agencies will be to approve a future loan to the borrower. In this way, the guarantor loan system works to restore lender confidence, but has to rely on the existing strength of the guarantor’s credit, and their willingness to take on the risk of the borrower defaulting on their repayments.


In an ideal situation, a borrower will be able to use a guarantor loan to gradually rebuild their credit rating, without causing any financial penalties to their guarantor. A borrower with a high credit rating will then be able to potentially act as a guarantor to another person. However, it is important that the borrower maintains a good credit rating after the initial loan has been paid off. A borrower should also ensure that they don’t incur any extra debts during a guarantor loan, such as payday loans or as the result of taking out a credit card.

About the Author

UK based GBP Loans specialise in unsecured guarantor loans for tenants and homeowners alike. Applicants with a poor credit history can still apply as the loan is guaranteed by the chosen guarantor. Apply online with ease via the Fast Track Application form! Contact GBP Loans today for more information.

Secured and unsecured car loans: The best option

When buying a new or used car many people use car loans to finance them.  There are a number of finance options available, two of them being secured and unsecured car loans.

There are some significant differences between them which will be discussed here.  Firstly, a secured car loan is like a secured personal loan. The money lender uses some security that can be taken or repossessed if the borrower is not able to repay the money borrowed. With secured car loans then this item of security will usually be the actual car the car loan is taken to pay for. The money lender might require that the collateral is your home instead.  If this is the case then your home is at risk if you don’t repay as agreed. Clearly this is a huge risk. What makes these types of car loan appealing is that they are available with a lower rate of interest than with an unsecured loan.  A further benefit of a secured car loan is that they are easier to obtain even if the borrower has a poor credit score or has been refused credit previously. Furthermore, with secured car loans the borrower can borrow more money than with an unsecured loan. This might mean that you can buy the car you really want rather than the car the financer will lend you the money for! The risk though is that if you miss even just one payment you will put your car or home at the risk of being repossessed. This is a last resort but one that financers of these types of car loans have to stick to.

An unsecured loan for car finance has its own pros and cons. Obviously the main benefit is that you will not lose your car or home if you do not repay the loan. You will of course have a black mark against your name and your credit score will suffer significantly. An unsecured loan will usually have a higher interest rate than secured car loans because the risk to the lender is clearly higher. The selection criteria are also stricter as people with low credit scores will probably be refused car credit. The amount you can borrow with unsecured car loans will also be less than secured loans. This might be the difference between owning the car you have always dreamed of and the car you can borrow enough money to buy!

When considering car loans, then secured and unsecured loans are certainly a good option. Make sure you consider each in merit, look at the advantages and disadvantages to each type. Remember that a secured loan means your car or other asset is at risk should you default but you can borrow more money at a lower rate.  An unsecured car loan is risk free but may not be a low interest rate and the amount offered may not be enough to get the car you really want.

Financing home improvements – do it yourself or take out a loan?

Summer is an ideal time to be thinking about making a few home improvements, and you may have a few ideas of about what modifications you’d like to make to your property. If they’re relatively simple jobs or you have the appropriate skills yourself, rather than call in a builder you may prefer to ‘do it yourself’.

But DIY can be expensive, and unless you have limitless finances it can be hard to make the home improvements you really want to. While some people may put it off for some far-off future time ‘when they can afford it’, and others may compromise with more modest or lower quality improvements, there is another way.

Home Improvement Loans

Taking out a loan to help pay for home improvements is not something that should be taken lightly, but it is a viable and practical way to fund the transformation you’ve always dreamed of. It’s also worth remembering that any improvements you make are likely to increase the value of your property, thus making it a sound investment.

Whether you’re refitting your kitchen, building a conservatory, adding an extra room or simply sprucing up the place, home improvement loans can provide you with the freedom to get the job done the way you want it.

Many banks and financial providers offer loans specifically tailored for individuals who want to carry out home improvements. When seeking a loan, it’s important to shop around to find a good deal which best suits your needs and circumstances.

Things to consider when taking out home improvement loans

Before taking on a loan you should first make some estimates of the amount of money you will need to complete your project. By carefully and realistically planning the improvements you will make beforehand you can reduce the risk of going over budget or, conversely, leaving yourself financially short. To err on the side of caution, it is often wise to add a little extra on top of your final sum to allow for the possibility of overspending.

The exact amount you are able to borrow for home improvements may vary from bank to bank, and will be determined by factors such as your combined household income, the value of your property, the amount of value that your project will add, and a variety of other external factors.

When choosing from the many loans available on the market you should pay close attention to the repayment terms offered and the amount of interest you will pay both monthly and over the course of the loan repayments.

Looking at Payday Loans Logically

There are a lot of articles out there about payday loans, and the truth is that most of the articles take sides. Payday loans are either the best thing since sliced bread, or they’re the most evil thing that ever came to the world. The reality is that payday loans are just another way to solve a problem. In other words, payday loans are tools. Tools are neutral devices. They are neither good nor bad. It’s what we do with payday loans that make a difference.

A lot of guides say that you should avoid them if you can help it. However, when you step back and realize that the majority of payday loans are taken out because of a financial crisis, and then the advice becomes quite hollow, doesn’t it? After all, who can really plan an emergency? The very nature of the word means that it’s something that comes out of nowhere. There will be a point in time where you need money quickly, and there aren’t any other sources that can accommodate you. You will just need to look at your options.

Sure, you can go to your friends and family, but this creates resentment over time. People are very defensive about their money and for good reason — they’ve worked for it. Even if they happen to have savings, that represents money that’s earmarked for their own needs. They’ve probably got their own plan for the money, and then you come along needing a loan. Once or twice might be okay, but if you constantly have emergencies coming up, you’re going to have to find another source to get the money from. You don’t want to find yourself being stuck between a rock and a hard place.

In the past, most people had to go to a check cashing place offline in order to get considered for a payday loan. Thankfully, those days are over. Given the attitude that many people report having experienced in those places, the online payday loan world is a lot better.

The point is that you have to look at all of these things from a logic-oriented perspective. Sure, you are probably in a position where a payday loan is necessary, but it doesn’t have to be an unpleasant experience. These days, if you don’t want to interact with people you definitely don’t have to. You can just stay to yourself and not even bother with anyone. If that’s what you want, then the Internet is the best place to go for your payday loan. No longer do you have to worry about whether or not you’re going to get approved. Usually if you have a steady income — even if it’s from a government source like SSI — and a checking account, you’re going to get approved. The checking account is to make sure that the payday loan company actually gets their money. You don’t want to find yourself being unable to pay back the loan if you can help it — that’s where a lot of the fees and penalties really start kicking in.

Why is the interest on such a short term loan so unbelievably high? That’s because of the nature of the loan. Because virtually anyone can be approved and the average applicant has substandard credit, there is some risk on the payday loan company’s behalf. They have to make sure that they are going to get a return on their investment and services, hence why the interest rate is so high.

If you’re in the position where you have to get a payday loan, it’s very important that you pay it back as soon as possible. Then, once the emergency is over, you need to start thinking about a plan to save up some money so that you do not constantly have to take out money.

You also want to make sure that you’re taking out payday loans for the right reasons. It can be tempting to get a payday loan to cover the gaps so you can shop for nice things, or buy something unnecessary. Just remember — it is indeed a loan that you will need to pay back, so make sure that you plan accordingly — good luck!