Bad Credit Loan Quotes- UK There are many loan companies out ther, brokers and lenders and most will allow you to apply for a loan, however it is not as easy to get accepted as it is to apply, especially if you have adverse or bad credit. There are many reasons why you may have obtained the label "Bad Credit Applicant" including Banckruptcy, mortgage arrears, building up too much credit on credit cards and not making repayments, ccj's and sometimes it could simply be an error on your credit record. One thing you could do in a situation like this is to check your credit records to see if they are uptodate, credit record agencies can be contacted at Experian Equifax and Call Credit You can use the online loan comparison to find what lenders may lend to a person in your circumstances. Secured Loans Secured loans are secured on property you own, in order to apply for a secured loan you need to be a home owner. Lenders can be more leinient to whom they lend secured loans to as they have security in the loan. Due to this security the lender can often consider more adverse credit cases and can often allow mor to be lent (providing the borrowers home has sufficient equity) Unsecured loans This type of loan is not as easy to be accepted for if you have adverse / bad credit. The reason being, the loan is not secured on anything and as such the lender is not as sure that the applicant can afford to repay the loan. However, some lenders do consider bad credit applicants and the online software allows for it. Other Useful sites www.studentloan.com - US visitors Secured Personal Loans - Debt Consolidation UK www.loanconsolidation.ed.gov - US consolidation site