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Can you get an unsecured loan with a very bad credit rating?

A very poor credit score will bring forth scepticism, and chances are you will get refused a loan. The reason is quite obvious that your past payment behaviour was faulty. You missed payments, made defaults and fell into debt. In some cases, a CCJ could be issued against you. Late payments and defaults continue to …

Are your very poor scores a red flag for the loan provider?

Credit scores also indicate if you are carrying a pile of debt. The worse the scores, the more you are buried under the pile of debts. Lenders usually find it unsafe to lend money to someone who has failed to keep up with past payment commitments. It means rejection is your ultimate fate when you …