Do you have a ten year old car staring at you from your backyard. Are you not able to drive your favorite car as you are not able to get a car loan due to your poor credit history? Here you go, there is one helping hand. Yes, your ten year old car can help you by compensating your bad credit history.
Some of the banks in UK that could be approached for such loans are:
- Tesco Bank
- Alliance Leicester
- Halifax
- Barclays Bank
- Blackhorse
The various factors based on which the poor credit loans will be given are:
- The Loan Amount
- The loan repayment period
- You have a home for keeping it as a collateral.
The Poor credit car loans are available for persons in UK by instantly applying online. The scrappage scheme that was recently introduced in UK is helping the availability of such loans with 0% interest and a nice discount. The car scrappage scheme has instantly helped to push up the economy and also to help the environment. You get a discount of around 2000 euros from the value of new car if you give a older car which is 10 years older for exchange. In addition to the car scrappage discount, the car manufacturers are offering 0% interest rates for a car loan. This situation would be a good opportunity for the persons with bad credit to take a car loan.
Once you apply for the bad credit loans online, the banks will process your application and will sanction the loan based on their terms and conditions.
Apply Online for a poor credit loan in http://www.securedloansuk.net/
Balajee Kannan
http://www.securedloansuk.net/loans-for-tenants
