What is bad credit history?
Bad credit history results when an individual experiences CCJs, IVAs, bankruptcy etc. If ones credit report shows any of these cases then it will become difficult to qualify for loans. Personal-Loans-Bad-Debt can help in such cases.

Who can apply for the loan?
All residents of the UK are eligible for applying for personal loans bad debt. Homeowners, tenants, borrowers with bad credit history, self-employed individuals, etc., form the customer base for these loans.

What interest rate will I get?
The interest rate offered to every borrower is different. Borrowers' credit history, collateral value, and many other factors have a say in the process of deciding the interest rate.

Should I take out payment protection?
Payment protection prepares a borrower for times when he is unable to repay the loan. Ordinarily, a lender would undertake repossession of the asset set up as collateral. But, if there is payment protection, the loan will be fully repaid.

What can I use my loan for?
The lender has no say in how the loan proceeds are utilised. The borrower is free to use the personal loan proceeds in any manner.