If you have found this blog post having performed a Google search for “bad credit loans” or something similar, you likely know what the name of the game is when it comes to seeking a loan from a credit broker, as an alternative to approaching lenders directly.
And the name of that game is: no, credit brokers such as CashCompare won’t lend money to you in their own right. But as they maintain relationships with multiple trusted lenders, they can help direct you towards the right lender – one that is likely to make you a loan offer, even if your credit history is less than immaculate.
However, it’s also true that CashCompare isn’t the only credit broker that claims to help make available bad credit loans to those who require them. So, what are just three reasons why you might make us your choice?
You can quickly discover what could be possible for a bad credit loan obtained from one of our represented lenders; it’s as simple a process as filling in and submitting our brief online quote request form.
After providing such details as the amount that you would like to borrow, and the time over which you would like to repay the loan, we will get to work on sifting through our featured lenders. This will enable us to hopefully present you with a loan option that represents an excellent match to your requirements.
Throughout this process, we won’t charge you any fees. We do charge commissions to our participating lenders and brokers, so they will be the ones picking up the cost.
Presuming you have gone through the above process, and we have found one or more potential loans that match your requirements, we can present them to you, and it will then be up to you to browse them. You might decide that you like the look of a particular loan offer – in which case, you will be able to click through to the lender’s website to undergo the formal credit application and get the loan. Or you may conclude that none of the loan offers you are presented with are quite right for you.
Regardless, you won’t be under any obligation to commit to a particular offer while you are still on our website. We recognize how important it will be to you, to make sure you really are absolutely sure of a given loan’s suitability before you commit to it.
We “get it”; life happens, and you might have experienced financial difficulties in the past that led to you missing some payments, and having a less-than-spotless credit record. And just as importantly, the lenders on our panel “get it”, too.
Yes, that’s right; many of the lenders that feature on our website have particular know-how in bad credit loans, and have an excellent track record of providing solutions to a variety of people with iffy credit histories.
While we assist in finding loans for those with bad credit, it's important to understand the risks. These loans can often have higher interest rates and terms that may be challenging for some borrowers. Always consider whether a loan is the right choice for your financial situation.
At CashCompare, we encourage responsible borrowing. Before applying for a loan, especially if you have a history of bad credit, carefully consider your financial situation and your ability to make repayments on time.
So, if you’re looking for just one broker or lender to approach in order to minimize your hassle and find the most suitable loan solution quickly, this could be one more reason to make CashCompare your sole choice.
Warning: Borrowing more than you can afford can lead to serious money problems. For free independent advice, visit MoneyHelper.
If you have any concerns or complaints about our services, we are here to help. You can contact us directly, or for independent resolution, you may approach the Financial Ombudsman Service.
"Warning: Late repayment can cause you serious money problems. Always consider if borrowing is the right option for you and ensure you can repay your loan." For help, go to moneyhelper.org.uk.