Bad Credit Secured Loan

Want a bad credit secured loan in the UK

If the high street lenders have turned down your loan application because your credit score isn't the most shiny in the world, you still have options. There are many companies that specialise in what is called the 'sub prime market' - sometimes called a bad credit secured loan. The firms that offer a bad credit secured loan are willing to take a slightly higher risk of lending money to people with less than spotless histories because they offset that risk with higher interest rates, and holding collateral.


If you have bad credit, secured loans may be your only option for getting money that you need for a holiday, home renovation or any other project, but that doesn't mean you're at the mercy of lenders. Many people mistakenly have the attitude that the lender is doing them a favour by approving their bad credit secured loan application. There are no favours involved here. You are a customer purchasing a product, and it makes sense to shop wisely for that product. Even those with bad credit will find that some companies offer lower rates and requirements than others. By comparing lenders online, you can find the best bad credit secured loan at the lowest cost.

Need a bad credit loan but DON'T own your home?

Don't despair, there are lots of specialist organisations who will consider your application based on its merits and your past history. Just because you've been unlucky in the past, it doesn't mean you're going to default on loan repayments if you are a tenant. With this in mind specialist bad credit loan companies use your bad credit history or rating and find you an unsecured loan with a rate matched to your exact requirements. The table above shows some of the most competitive companies around at the moment.