This very much depends on your individual circumstances. When it comes to personal loans, lenders will look at your credit score to decide whether to offer you a loan and determine your interest rate. Generally if you have bad credit, you will be charged a higher interest rate.
If a personal loan isn’t an option for you, you may still be able to consider:
- Guarantor loans
- Homeowner loans
- Credit builder cards
Although your credit history does play a big part in your eligibility for finance, there are other factors that a lender will consider, such as your income, expenses, size of the loan you are looking for, how much debt you already have and your homeowner status.