Anyone know loans for bad credit?

[HCantThinkOfAUsername]

Posting here for traffic. Please don't judge.
Has anyone been able to have a loan with awful credit? Tried a few already and all been declined. Asked my parents also.
Was in hospital so dc had to go into childcare a lot more so have no money.
Contacted health visitor to get a food bank voucher but not heard back.

I'm not posting this to ask for any help, I know MN regularly get people trying their luck - that's not me. That's why I'm embarrassingly writing this under my usual username.

The more loans I apply for the worse my rating gets apparently that's why I'm asking does anyone know of one.

You can also sell things to the likes of Cash Converters (and some pawnbrokers) and they take quite a range of stuff. DIY tools, garden equipment, computer games...

Don't have a car unfortunately, not allowed to drive for a while after having a mini stroke. My dad gave me £10 and found quite a lot of things reduced in tescos so very pleased :) won't be so bad after all!

I know I shouldn’t really post this but it might help if you are in dire need
No, no, no, no, no.

The OP needs money now not a fucking credit card with astronomical rates of interest,

I cannot get a loan unless I have a guarantor which I do not want
I am also sure that there wouldn't be many people queuing up to be a guarantor for someone with a bad credit history either.

I think that guarantor loans are actually a ridiculous idea.

If someone is actually willing to be a guarantor for you to get a high interest loan then there is a high possibility that they (guarantor) will actually be the one to pay off the loan.

The loan companies also ensure that they only give loans to people whose guarantor has enough income to pay off the loan, the sort of people who don't want to ruin their own credit rating.

If you are lucky enough to know someone like this then rather than get a guarantor loan, the best option is for them just to lend you the money themselves.

The only thing that they can lose then is the money that they lent you as opposed to a lot more money and potentially their credit rating.

If you already have bad credit, do not, for the love of god, pursue loans or credit cards. IT WILL MAKE THINGS MUCH WORSE
I agree.

If you have bad credit already, it is fucking madness to borrow more especially at 24.9%.

Watching with interest. I have awful awful credit. I even messed up my bad credit credit card. I started to recover my credit score then I had a period of mental illness and I messed up again. I can only get guarantor loans and there’s no way I’m going for that.

How do you make your credit score better? Mines worse than it’s ever been. I have ccjs and defaults.

Honestly it makes me wonder why people who have appalling credit history think that they have the option of a guarantor loan.

The requirements to be a guarantor on these loans are usually set really high because the loan company expect to spend a lot of time and money chasing the guarantor for the money after the borrower has defaulted.

Sometimes borrowers default on the loan after just a few payments and then they go after the guarantor as they know that they can get the money from them.

Some guarantors are actually surprised how quickly the loan company come after them for the money and some are surprised that they are actually liable to pay the rest of the loan.

How many people with appalling credit history know someone who would be accepted as a guarantor and would be willing to do So??

Not many I suspect.

@blackheartsgirl you make your credit score better by paying off your creditors. One by one.

@blackheartsgirl you make your credit score better by paying off your creditors
Also your credit rating will improve when the CCJs are removed from your credit file. This will take six years for each one.

My credit rating used to be atrocious but when I was desperate a couple of years ago I managed to get a small loan from a company called 'MyJar'. It was repayable in full one month later.

P.S. It wasn't a guarantor loan btw! I wouldn't even have considered one of these.