Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Apply to Borrow $1000 to $25,000*

How Much Cash Do You Want?


What is Lorem Ipsum?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Getting a Boat Loan Online
When borrowing money from lenders, whether or not you’ll get approved or not will depend on a lot of factors. In the UK, there are basic eligibility requirements that you need to meet for lenders to consider your loan application. Approval would also depend on how much you are borrowing, how long you intend to pay it back, whether you can afford the repayments or not and most importantly, your credit score.

Loan Requirements
To qualify for a loan on the UK, you must at least be 18 years old and a UK resident. You’ll also need to be regularly employed or at least be receiving a monthly income regularly in order to qualify for an emergency loan. There are also lenders that will make it a requirement for borrowers to have an active UK bank account.

How to Qualify for a Boat Loan
You can increase the chances of you getting a loan approval by knowing what the lender’s quick loan requirements are first. Meeting the basic criteria they have set for a specific loan is crucial so when you research for possible lenders, see to it that you find out what their requirements are and make sure that you meet them as well.

Find out how much you can sensibly afford too. Many people get rejected when taking out a personal loan simply because they were trying to borrow an amount that is beyond their means to pay back. You’ll want to consider your ability to pay off what your borrowing so if you are not really earning that much every month, it makes sense to borrow a smaller figure.

Reduce your debts as much as you can. Lenders are likely to lend you money if you keep your debt to income ratio low. Keeping your debt percentage below 30% is advised. This way, lenders will see that you are actually not borrowing anything beyond your means to pay back.

Your credit score needs to meet lending requirements too. If you find out that your credit score is low, one way of improving your online loan approval chances is to rebuild it before sending out a loan application.

Where to Get a Boat Loan if You Have a Poor Credit
When you borrow money, lenders will always look at your borrowing history before they will decide whether to approve your loan application or not. Needless to say, bad credit history can be seen as a red flag to most lenders. They’d expect that you might exhibit the same behaviour again if they will lend you money.

It may be a bit of a struggle to get a loan when your credit score is low, you’ll find that there are still lenders out there who might be willing to overlook your past situation. Instead, they will focus on your present financial state and decide based on the income you’re getting now if you will be worth the risk of doing business with or not. Here are some of the places that can grant you a installment loan despite your bad credit record.

Credit Unions
They are often willing to lend you money despite your credit score. Their rates are less expensive too compared to other bad credit lenders. However, to take advantage of their loans, you’ll have to be a member before you can start availing of their lending facilities.

Bad Credit Lenders
These are lenders that have their services centred towards providing loans to people who are especially known for their low credit score. The amount they provide are generally smaller and the terms shorter for most of their unsecured lending options. However, if a borrower is able to present a guarantor or security for the loan, they may relent to lending a higher sum and for a longer term. Due to the nature of the customers that they attend to, their lending rates are rather expensive.

Payday Lenders
Known for the small, short-term loans they offer, many bad credit borrowers refer to them due to their fast loan processing. They are ideal for those in dire need of cash but should be considered a last resort due to the atrocious borrowing rates that they charge.