If you have bad credit… Bad credit personal loans are available for applicants who have a less than perfect credit history. If you are not sure of your credit rating, you can obtain a copy of your file from a credit reference company, such as Equifax and Experian. Or similarly, if you have been refused credit, and aren't sure why. Most companies have different rates that can be very high for a lot of people to pass. Credit ratings take into account your employment, accommodation history and past repayment tendencies, for example, did you ever miss payments or pay your bills late? All these are taken into consideration when you apply for credit. People can get bad credit due to missed or late payments of bills or mortgage arrears. This can make it hard to obtain credit in the future from mainstream lenders; however, there are reputable companies who can help. If you have bad credit and you require a loan, be prepared to pay a higher interest rate. This is because companies will do a credit check when you apply for a loan. Until you have a few years of borrowing where you pay regularly and on time, you will have to pay a higher interest rate. Bad credit loans will usually have a fixed interest rate (although it may be quite high due to your credit history) and are repayable on a monthly basis. You should make sure that you are definitely able to repay the loan including the interest as you will want to repair your credit history, not make it worse by taking out a loan and not being able to pay it back. LOANS SECURED ON YOUR HOME THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. 12.8% APR Typical Variable