Can you get loans in Ireland with bad credit?

For many people it can be a struggle trying to get loans in Ireland with bad credit. However, if you are only looking for a small loan of up to 500 Euro, there are remedies available.

Provident Personal Credit offer loans to people, between 100 to 500 Euro, no matter what their credit history. They offer a nationwide service and have over 740 agents. The company is based on a door to door loan policy. If you apply for a loan you receive it within 2 days and a local agent will call to your door. You can apply for a loan of up to 500. The same agent will then call back on a weekly basis for repayment, a schedule which will be worked out between you in advance.

The APR on these loans is very high and can be up to 157.3%. For example, if you take out a loan of 500 for 1 year, there will be 52 weekly repayments of 15 per week. The total amount payable will be 780 with a fixed borrowing rate of 56%. The company makes considerable profit and these loans are targeted towards people with bad credit, the unemployed and those with cash flow problems who need money fast.

If you decide to go for one of these loans you can go to www.providentpersonalcredit.ie and apply online. The agent makes their money on a commission basis, so it is in their interests that you repay the loan. If you get one of these loans be aware that you will be called on a weekly basis for repayment, so only apply if you can afford the repayments.

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