Loans With No Surprises
The table below has been updated, with the cheapest lending option at the top. Please use the Visit Site buttons to apply, or re-enter loan information for another comparison.
New Horizons does not make credit decisions, and is not a lender. New Horizons matches customer’s loan applications with lenders in our database based on information you provide. New Horizons does not charge customers a fee for using its broker services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement bad credit loans unsecured with a lender or broker following an introduction through this website. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only. Loans for UK based customers only. New horizons will not perform a credit check however, if you are accepted by a lender, they will perform a credit search.
You can find out whether you have bad credit and what may be causing it by checking your credit report and credit score online with one of the credit reference agencies. Experian and Equifax offer a free trial, then a paid monthly subscription. However, you can check your credit report and score online and completely free for life with Noddle , a service provided by Call Credit.
Though every business owner hopes to be able to pay off a loan on time, unexpected things can happen sometimes. Banks typically require collateral as security for a loan in case you can’t pay it back. None of the lenders reviewed here require specific collateral. However, OnDeck does place a lien on general business assets, so your business assets can be seized if you default on the loan.
To ensure that you have more borrowing options in the future it is important to manage your loan well. Make your repayments in full and at the right time, whether they’re weekly, monthly or quarterly, and make sure you are always aware of what extra fees and charges there are so you know how to avoid them. All lenders will give feedback to credit reference agencies, so if you’ve shown that you can repay your loan on time then this will slowly help to build your credit rating and take steps to making bad credit a thing of the past.