If you have a bad credit history that includes cases of county court judgments, then finding out a new loan may be difficult as you are a high risk borrower. However, on making an extensive search in the marketplace, you can also find especially carved out unsecured loans CCJs for your circumstances. But, you should take out the loan as per your requirement and circumstances.



Both tenants and homeowners, who have cases of CCJs in their names, can find these loans, without pledging any property for collateral. One can say that the loan is free of risks for the borrowers. Thus, they can repay old debts to remove the bad credit tag from their name.

The loan amount ranges from as low as ?1000 to as high as ?25000, depending on your earnings and repayment capability. You can pick up the loan for its repayment in six months to 15 years. However, these are little costly loans. This is because the lenders charge interest at bit higher rate to cover the risks. Usually, the interest rate is fixed, allowing you to make monthly payments of the same amount.

Still, you should take advantage of the competitive loan business. If you search the internet, you will find that some of these loans are being offered at comparatively lower rate. A little reduction in the rate can be useful in reducing your monthly outgo and saving you lots of money.

It is advisable to first apply for the rate quotes of such lenders. On comparing the rates, you will find that some of the offers are suitable to your circumstances, as not only the rate is lower but additional charges also are fewer. Usually, it is through online mode that you can find unsecured loans CCJs at competitive rates. Make sure that the repayment of the loan is made in timely manner, so that your credit rating is improved in the coming years.