Hi – thanks for your question! At Pegasus Personal Finance, we specialise in poor credit personal finance deals and pride ourselves on finding each customer the best available options for them. When it comes to unsecured personal loans, bad credit can make it more difficult to get approved – but it doesn’t have to be a deal-breaker.
Unsecured personal loans for people with bad credit do exist, and we may be able to find you a suitable option if you’d rather not secure your loan against a personal asset. Strictly speaking, secured loans are the more popular choice for bad credit holders – as securing the loan against something you own means you won’t need a good credit rating to get approved.
It’s worth remembering that unsecured loans for bad credit holders come with higher interest rates, due to lenders considering applicants with a poor credit score ”˜high-risk’ – but as long as you can comfortably afford the monthly repayments, we should be able to find you a competitive deal.
Find out more about unsecured personal loans, or explore your options as a bad credit holder.
