Hi, You have no worry even if you have a bad credit history while apply for loans. In UK and Europe there is one type of loan called bad credit loans in which it is not matter whether you fulfill the past loan amount or not.
The bad credit history loans are of two types one is secured loan and other unsecured both for availing the secured loans you will have to pledge collateral. While applying any one of loans one point must be noted that the advantages of going for the secured loans are that the rate of interest in such loans is lower and the repayment term is longer. You can borrow an amount starting from £5,000 to £100,000 in the secured bad credit history loans and the repayment term is 5 to 25 years.
The bad credit history loans are of two types one is secured loan and other unsecured both for availing the secured loans you will have to pledge collateral. While applying any one of loans one point must be noted that the advantages of going for the secured loans are that the rate of interest in such loans is lower and the repayment term is longer. You can borrow an amount starting from £5,000 to £100,000 in the secured bad credit history loans and the repayment term is 5 to 25 years.
