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BAD CREDIT LOAN PROS AND CONS

Pros and Cons of a Bad Credit Loan

Pros:

Easy to obtain if you have a bad credit rating
Fast turnaround, sometimes as little as 24 hours
You can still get a Bad Credit Loan if you have CCJ’s against you
You can still get a Bad Credit Loan if you are in arrears with your mortgage
Keep up repayments and your credit rating will begin to increase

Cons:

Very high interest charges
If your credit score is below 490, you may be asked to pay a percentage upfront
You will end up paying back a lot more than you originally borrowed
If you don’t keep up repayments, you will be hassled by your lender and may result in a visit from Bailiffs

The UK Debt Advisor can help you apply for a Bad Credit Loan.
Call us free on 0800 043 2027 or use the call back phone below.