Where can I get a loan from when I have a poor credit rating?

I have a rubbish credit rating, I owe about 拢1000 in debts but no-one will give me a loan to pay them off. Any ideas where I can get a loan. Even welcome finance have refused me.

Why would you want a loan to cover off a debt.

For a 拢1000 debt you are actually borrowing nearly double that. Besides if you have crap credit score anyone will does give you credit puts high interest on it.

Contact the companies tell them that you are unable to pay off the money and that you want your credit stopped with them. They will do one of two things stop the credit and you just pay back what you owe or ignore you.

If they do the latter contact the CCCS www.cccs.co.uk and they will draw up a budget and work out much you can pay your creditors and with little or no interest.

Your credit rating will remain and then actually improve because you have managed your accounts and not left them to go out the swanny.

I wish someone told me this advice three years ago when I first borrowing to cover borrowing.

I hate Carol Vorderman.

Do not borrow of Peter to pay Paul

ummm.... interesting question...

If you have a job you can get a fast 500 at a Pay Day place. If you need a bigger loan from other places, it doesn't matter if your credit stinks, what matters is if you have collateral, such as a good car, home, camper, boat, stocks, bonds, anything of big value will usually cinch the deal!

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