Receive a £10,000 Loan or £20,000 Loan with Bad Credit

Receive a £10,000 Loan or £20,000 Loan with Bad Credit

Can you receive a £10,000 loan or even a £20,000 loan with bad credit? It turns out that you can and surprising these can be offered on unsecured terms with no guarantor required. Amounts of this size are naturally going to only be accessible to those that receive a sizeable monthly wage. It is understandable to see people searching for high cash sums, since it is easy to spend £20k on a car or perhaps on a wedding (average cost £18,000). It may be the case that the potential borrower doesn’t have bad credit, but we all know that banks are very selective when it comes to lending.

If we start with the £10,000 loan, this is the maximum sum available from Everyday Loans who have been operating since 2006. This lender offers a wide set of repayments with the max term being set at 60 months. This should help to create a manageable set of repayments. This is by no means one of the fastest service providers around. You will have to visit one of their 30 stores to complete the process and once approved they hand out a cheque and so it can take time to feed your bank balance. Moving to the £20,000 loan for bad credit, this is available from SpringCoin.

This is an emerging force in UK lending, that follows on from AvantCredit that was a big success for the owner in the United States. Although this giant sum is possible their repayment term only rises to 36 months. SpringCoin are open 7/7 and once approved they issue same day transfers. This would qualify them as the top choice here. Underwriting for loans in their thousands is always thorough and so do expect document requests. If even more cash is required then a Logbook Lender can fill this need. These firms often promote £50,000 loans, but they typically lend up to 75% of your car’s value.