Perhaps you’ve approached the bank but they weren’t willing to lend to you, at least while your credit score is low. Bad credit loans are specifically created for people with a limited or poor credit history.
There are even some people who, because they’ve never borrowed any money or had a credit card, for example, have not been able to build up a good credit history.
Whether you’ve been declared bankrupt in the past or had a county court judgement (CCJ) relating to unpaid debts, Bamboo will still consider you for a loan.
You could borrow from £1000 to £8000, and with a Bamboo bad credit loan the money could be in your account today.
Over time, a bad credit loan could actually improve your credit score. While you’re making your regular monthly payments, this shows you’re not a current credit risk. Plus, with a bad credit loan from Bamboo, you’ll know exactly how much your monthly payments are so you can plan ahead and be sure you’ll meet them.
We’ll make a quick decision based on a number of things, including your current credit score.
We offer a range of loans for people with low credit scores.
With a guarantor loan guarantor loans, you choose somebody to act as your guarantor, which means they vouch for you being able to make your repayments.
However, if your credit score is fair to good, you may not need a bad credit loan – an unsecured loan may be a better choice.
Why not see what we could offer you today? With Bamboo’s free quote service, there’s absolutely no impact on your credit score. It takes just five minutes and a few details to get your loan quote.
With a guarantor loan, you choose somebody to act as your guarantor, which means they vouch for you being able to make your loan repayments. If you’re unable to make your repayments for any reason, they agree to cover them.
This can be ideal if you don’t have a great credit score. However, if your credit score is fair to good, an unsecured loan may be a better choice for you.
Find out more about guarantor loans.
The rate you are offered will depend on your personal circumstances. A guarantee may be required.
On an assumed loan amount of £2,600.00 over 36 months
Rate of interest 41% per annum (fixed)
Representative 49.7% APR
Total amount payable £4,557.89
35 monthly repayments of £126.61 and a final payment of £126.54