How To Get Money With A Poor Credit History

Getting the money you need when you have a poor credit history is tough. However, it’s certainly not impossible if you look in the right places. There are many ways to obtain credit, regardless of what you might have done in the past. You just need to take a look at your options before working out the best way forward. Always read the small print to ensure you understand the agreement before you sign. Failure to do that could mean you get into a lot of trouble. The last thing you need is bills you can’t afford to pay at the end of the month.

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Image credit: via

Specialist credit cards

Credit card companies understand the best way to improve your credit score involves borrowing money. That is why some of them now offer cards to people with negative histories. You can apply for one at any point, and you’re almost guaranteed to be accepted. The only issue is you will face high-interest charges on any money you spend. That said, so long as you clear the balance at the end of each month, you won’t have to pay anything. As time progresses, your credit score will improve, and you can apply for better cards.

Secured loans

People who own property and assets can always apply for secured loans. In most instances, secured loan lenders are not interested in your history. They just want to know you own assets that can cover the repayment costs. If you fail to keep to the agreed schedule, the company can take you to court and obtain your home. Of course, that’s never likely to happen if you’re careful. Secured loans are often the best option for people in your position because interest rates are low. The lender doesn’t face that much risk because they know they can get their cash one way or another.


Another fantastic solution for homeowners involves remortgaging their properties. So long as you have paid the mortgage for a few years, that could help you to raise some cash. Just bear in mind you will have to maintain the monthly payments for longer than you otherwise would have done. To find the best remortgage deals, you should contact your bank first. Ask about what they can offer, and then visit other establishments. It’s always wise to compare the market before signing on the dotted line. You’ll kick yourself if you find better deals elsewhere after making an agreement.

It should be clear to see you have many options on the table. Your job is to sort the wheat from the chaff and work out which provides the most benefits for you. Never accept money if you are concerned about the repayments. You will only make your situation worse and place more strain on your finances. People who get into trouble should think about contacting a consolidation firm. Their services could take some of the weight off your shoulders and make your life easier. Again, you always need to read the small print to ensure you understand the contract.

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Prime Aque is the back-end guy of Self-Help. He is a blogger and WordPress front-end designer. Importantly, he is a husband and a father of three wonderful kids. His firstborn are twin girls. He loves writing and sharing.