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The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

Get the cash you need without the usual high costs, because of our wide range of lenders.

Low Interest Rates

Compare lenders to make sure that you get the lowest possible rates.

Unsecured loans

There’s no need to put any collateral against your credit, all our loans are unsecured.

Personal Loans that are Unsecured

It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.

As a full time student working two jobs to get the bills paid and still being skint all the time, having a short term loan between pay days can be useful. Used Knight Finance after a recommendation from a friend and I’m glad I did. Borrowed just under £200 and paid £212 back, no where near the interest I would have paid elsewhere. Will definitely recommend if you’re strapped for cash and know you can pay it back.

Photo taken by Jonathan Chen

Alexia Newton

Support Worker

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Advantages of Loans for CCJ’S and Bad Credit

More and more people are now relying on loans especially those that could provide them immediate cash. It is important that you choose and get the best kind that will actually help resolve your cash problems. If you are looking for a loan that could give out fast cash out then you’d better try the loans for CCJ’s and bad credit. With the help of this loan, you will surely be able to pay those bills on time. However, make sure that you fully understand this loan and how it could help you out. Read on and find out more about loans for CCJ’s and bad credit.

Bad Credit or CCJ? No Worries

If you have a bad credit line but still wish to apply for this loan then you are free to do so. You will no longer need to worry about those credit line and background verifications. With the help of loans for CCJ’s and bad credit, you can easily apply for it and get the approval the same day. Just make sure that you are capable of paying them back on time. Bear in mind that this kind of loan has a high interest rate. This simply means that you must have a job in order to qualify for this loan. If you wish to find out more about the repayment plan of loans for ccj’s and bad credit then better find the best lender for this loan.

No More Banks – No More Stress

With loans for CCJ’s and bad credit, you will no longer need to go to the bank and fall in long lines. You will easily make the transaction online, from answering the application form to sending out the other basic requirements such as your ID card with social security number, email address and the latest copy of your bank account. This is very convenient especially for those who have jobs and won’t be able to go to the bank during weekdays. You should also be 18 years old and above in order to qualify for this loan. With the help of this loan, you will surely be able to have extra cash in your pocket especially during those emergency situations.

CCJ And Bad Credit Knowledge Is Power

Loans for CCJ’s and bad credit will surely help you with your cash problems. But if this is going to be your first time to apply for such kind of loan then better gather more knowledge regarding its mechanics. This way you will avoid any issues in the future. Bear in mind that you are going to deal with lenders online so make sure that you find the best one. It will provide you more advantages to reading reviews and posts from previous clients. Make sure to consider their words regarding this loan and how they actually find the best loans for CCJ’s and bad credit lender. Once you have the list of names of leading companies as well as lenders of this loan, don’t forget to compare them according to their offered deals and services. With this, you will fully enjoy its wonderful benefits.

Loans for Borrowers with CCJ and Bad Credit

In this day and age, weathering a financial storm doesn’t seem possible without the helping hand of loans. Over the course of time, loans have played an increasingly important role not only in the financial survival of the markets in the industrial level, but also in the survival of those on the individual level as well. Businesses and individuals alike have now become heavily reliant on loans. So much so, in fact, that a huge majority of both people and industry now depend ponderously on loans to keep them afloat. But while loans are often regarded as a safe and reliable lifeline for those who have a good credit line, they do not always apply to everyone.

Or at least that is what most people either think, or have been told.

Why people get CCJs and bad credit

In the past decades, the steadily increasing popularity and availability of credit cards has driven many to rely heavily on these plastic forms of often false financial security. Due to a number of factors that drive cardholders to the darker side of the otherwise beneficial ownership of credit cards, a rising number of hardworking members of the industry’s workforce have fallen into the trap of what will eventually become an abyss of unending financial crisis.

But while unpaid credit card debts often seem to be responsible for the majority of the market’s bad credit scores, there are other just as equally common factors that contribute greatly to what causes these seemingly ubiquitous personal financial crises. These factors, often numerous and broad, can range from unexpected financial needs that stem out of urgent personal or health-related financial issues, or unexpected expenses such as those involving accidents and other unforeseen circumstances. Other times, these factors can be as simple as the mishandling of finances and budget — which is either committed by the debtor himself, or someone else responsible for his finances.

No matter the cause for these financial disasters, however, the consequences often remain one and the same. The inevitable repercussion of bad debts almost always lead to either a poor credit rating, or a county court judgment or CCJ — or in extremely unfortunate cases, possibly even both.

What are CCJs?

CCJs, or county court judgments, are types of court judgments that are handed down by county courts in England, Wales, and Northern Ireland when a creditor files a complaint and successfully wins the favour of the court against a borrower or debtor who, often regardless of reason, has failed to pay the financial obligations attached to a credit or loan agreement that they have willingly entered into with the creditor.

Understanding CCJs

While receiving a court order or judgment may sound intimidating, CCJs are simply a means by which a claimant can ask for help from the court to enforce the demandable obligations in the loan agreement. When a claimant files for a CCJ, the court determines whether or not there is an actual debt to begin with. In the event that the court determines that there is indeed a debt that needs to be paid, the borrower may take any of the following actions:

– Pay the credit in full
– Ask to pay in instalments
– Ask to pay at a later time
– Dispute the amount to be paid
– Dispute the claim entirely
– Counter-claim, which is basically turning the tables on the claimant and filing for a claim against him instead. This is usually done in cases wherein there might be a possibility of a breach of contract on the part of the creditor, which in turn makes the creditor liable to pay damages to the debtor, instead of the other way around.

Why do you get a bad credit line?

Bad credit lines often depict or constitute the consequence that borrowers have to suffer as a result of failure to repay a financial obligation attached to a credit or loan agreement which they have voluntarily agreed upon with the lenders. Generally speaking, however, a bad credit line is simply a term used to refer to a poor credit rating, which individuals receive often due to a number of factors that make them less likely to be financially capable of paying back a loan.

Potential borrowers receive a credit score according to their financial capabilities. Most credit scoring models being used by finance companies typically have a numerical value that range from 300 to 850; where a score of 300 up to 629 indicates a bad credit rate, a score of 630 up to 689 denotes a fair credit rate, a score of 690 to 719 a good credit rate, and a score of 720 and up marks an excellent credit rate. The numerical value of the credit scores are typically assigned in relation to factors relevant to the borrower’s financial capability and history, such as his or her payment history, as well as the amount of debt involved.

Payment History

Payment history is a history of the borrower’s payment activities that relate to previous transactions involving bills, loans, credits, and other similar transactions. It is a means by which lenders can evaluate definitively not only the potential borrower’s capacity to settle financial obligations, but his possible behaviour towards these obligations as well. Borrowers with a history of on-time payments are likely to receive a higher credit rating than those who have a history of the opposite. On the other hand, borrowers who have a history of unpaid bills are, more often than not, more likely to receive a poor credit rating, and are therefore, under normal circumstances, less likely to be granted a loan.

Bad Credit History

In the past, individuals who have failed to pay the dues that are associated with financial obligations often suffer the ramification of their actions by having their names and identities ‘flagged’ by lenders as borrowers with bad credit history. Through these labels or flags, other lenders are alerted of the borrower’s apparent inability to repay his or her financial obligations. Such ‘flagging’ often result to the outright denial of any future attempts of the borrower to secure any type of loans from any of the lenders. In some instances, the ‘flag’ on the borrower’s identity is retained even after he or she has successfully fulfilled his or her financial obligations at a later time. As a result, individuals with bad credit lines are forever deprived of the benefits of securing a loan from traditional and legitimate lenders — a ramification that breeds a cycle of endless financial crisis.

Disadvantages of having a bad credit line

Apart from the obvious disadvantage of not being able to secure a loan from any legitimate lender, borrowers with bad credit lines are often left with little option in times of urgent personal financial crises. As a consequence of their indefinite ban from securing loans from conventional and legitimate lenders, borrowers are often given no choice but to obtain loans through underground agreements with illegal organisations such as loan sharks, or other illegal channels such as individuals who lend money illegally. With these types of underground and usually illegal agreements, interest rates are often savagely sky-high. These arrangements are generally inimical to the borrower’s interest in such a way that while the borrower might have secured the loan with the intention of addressing a supposedly short-term financial problem, the sheer amount that translates to the interest rate attached to the loan is already likely to cause the borrower even more financial problems in the future.

What to do when you have a bad credit line

In the past, borrowers with bad credit scores are often left haunted by their financial mistakes forever, with little to no chance at all of ever receiving financial redemption. Because of this, borrowers with bad credit lines are either forced to live in a never ending cycle of financial crisis, and with no other feasible alternative other than to secure loans through underground means and channels — such as loan sharks and other individuals who lend money illegally. These illegal loan agreements, while they often provide the borrower’s much-needed temporary relief, generally charge inhumanely high interest rates. But with the continuing innovation and evolution of today’s financial market and institutions, however, borrowers should no longer have to find themselves in the same predicaments.

Getting a loan if you have CCJs and bad credit

Prior to the recent evolution of the lending market, securing a loan for borrowers with CCJs and bad credit could only be described as either of these two things: incredibly hard or just downright impossible. But with the increasing demand for flexible and realistically workable loans — as well as the rise of a new, innovative, and highly competitive lending market and the subsequent proliferation of legitimate lenders, borrowers with a bad history of credit may now rebuild their credit lines without the unnecessary risks.

The increasingly flexible and changing lending market has finally evolved in such a way that borrowers are now given the chance to secure loans even if their payment histories are tainted with bad credit. Short term loans and other similar arrangements can now be secured from a multitude of lenders, with whom borrowers may enter into a separate loan agreement with — without having to endure the stigma that usually follows those who have a history of bad credit.

With the increasingly competitive lending market, borrowers may now enjoy the privilege of being able to choose from the varying offers of many different lenders. Interest rates are now highly competitive, and the payment arrangements, often flexible.

How to apply for a loan if you have CCJs and bad credit

For borrowers with CCJs and bad credit, applying for loans are not as complicated as one would usually expect. While conventional lenders often require borrowers with bad credit for supplementary requirements such as additional documents, or a guarantor who can assure the lender of the borrower’s capability to repay a loan — loan applications for CCJs and bad credit no longer necessitate any such additional requirements. The entire process of the application can be done from anywhere, anytime as the procedure only requires borrowers to fill up application forms and submit the pertinent requirements online. Individuals who wish to file for a loan application, regardless of their credit standing, need not physically visit the lenders’ offices.

To make sure that applications are processed without any unnecessary delays, borrowers need to ensure that all the necessary documents and requirements relevant to the application are prepared beforehand. Application forms must be duly completed, and all relevant requirements must be submitted. Among the documents and requirements that lenders normally ask of the borrowers are the following:

– ID Card
– Residential Number
– Social Security Number
– Recent Statement of Accounts
– Email Address

Provided that the application forms are properly filled up and the requirements complete and duly submitted, borrowers can expect for their application’s approval within minutes. Borrowers with approved loans, on the other hand, can expect for loan funds to be released on the same day that the application was submitted.

Who can apply for loans for CCJs and bad credit

Anyone, regardless of how poor their credit score or how bad their credit history, can apply for loans for CCJs and bad credit. Applicants are welcome to apply for loans for CCJs and bad credit anytime they wish, for as long as they are able and willing to pay for all their borrowings — and provided that they are at least 18 years of age from the time their applications were submitted.

Advantages of applying for loans for CCJs and bad credit

Loans for CCJs and bad credit are especially beneficial for borrowers who are struggling with unexpected financial crises and are hoping to obtain immediate cash from their loans. While the approval and release of funds in traditional loans often take an extended period of time, application for loans for CCJs and bad credit can be approved and released in the same day that they were submitted. Applications for these loans are straightforward and simple enough to facilitate fast and easy approval.

With these type of loans, borrowers need not find the time that they don’t have in order to wait in long lines in banks that are likely not even inclined to approve the loans that they need.

Loan applications for CCJs and bad credit necessitate no additional requirements other than the basic documents that are needed in order to prove the applicant’s identity and financial capability. And because applications are filled up and submitted online — borrowers can apply for these loans anytime.

Disadvantages of loans for CCJs and bad credit

Although loans for CCJs and bad credit offer a plethora of advantages that often make them even more auspicious than conventional loans from traditional lenders, there are but a few disadvantages that borrowers who hope to receive loans for CCJs and bad credit will have to consider. The first and most significant among these disadvantages is the notably higher interest rates — which can cause more damage to the borrowers’ finances in the long run.

Borrowers generally apply for loans for CCJs and bad credit as a means to address immediate and pressing financial problems, and while the fast and easy loan applications that the lenders normally offer are especially convenient in addressing these problems, the long-term repercussions of the significantly high interest rates of these loans are only likely to ultimately cause more complications.

Why apply for loans for CCJs and bad credit?

Despite the fact that loans for CCJs and bad credit do have their serious and unignorable disadvantages, these loans are still considered the best choice for a last resort or desperate remedy to urgent financial situations. Because applications for these loans can be approved on the same day they are submitted, loans for CCJs and bad credit can be effective remedies to immediate financial needs in times of emergencies.

Things to consider when applying for loans for CCJs and bad credit

Although loans for CCJs and bad credit were created with the specific purpose of providing a means to address the immediate financial needs of individuals with bad credit standing, loans of these nature do have a number of pros and cons that borrowers need to weigh in on when applying for a loan. One of the most important things that borrowers must consider in applying for these loans is their actual financial capacity to repay the loan. While it might be tempting to avail of these loans without a concrete financial plan aimed at paying off the loan, the gravity of its consequent ramifications can later be extremely difficult to bear.

In applying for loans for CCJs and bad credit, it is of utmost importance that borrowers take the time to know and fully understand the terms and mechanics indicated in the loan agreement. Having ample knowledge and understanding of the terms and conditions associated with the loan agreement is crucial not only in ensuring that no unnecessary issues arise in the future, but also in safeguarding the borrower’s rights, which must at all times be respected and duly recognised.

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

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Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

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Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

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All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.