21. June 2014 · Comments Off on What are your options? · Categories: Uncategorized

There are other options if you are looking for loans for people with bad credit. Some companies will offer secured loans of up to £25,000 providing you can offer either your home or car (provided its value equals that of the loan) as collateral. If you have bad credit this sort of loan may come at a slightly higher level of interest than usual but be sure to shop around. If you can offer a valuable asset as collateral for the loan then most risk is averted by the loan company and they should have to charge you too much interest in order to cover this risk.

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