Frequently Asked Questions

Do Very Bad Credit Loans UK charge any fees?

We do not charge fees or subscriptions to the people who use our website. Some of the companies we feature will pay us if you make a purchase, some will pay us if you make an application, others will pay us simply in exchange for you visiting their site, some wont pay us at all - whatever the case, we'll only recommend companies who we think genuinely represent good value for you.

Why I am being declined?

Being turned down for a loan is never the nicest thing to happen to you, but when banks or lenders don’t give a reason for it, it’s even harder.

How do I budget properly?

Even a simple household budget is a great starting point to take control of your finances by giving you an understanding of where your money is going and allowing you to make changes to improve your financial situation. We have several guides on effective household budgeting and some recommendations of techniques to make it less of a chore.

What is responsible lending?

Choose Wisely is committed to only working with responsible and ethical providers of personal loans, credit cards and bank accounts. We have a responsibility to our customers, to be open & honest, to treat them fairly, and to ensure that they are safe & secure. These principles affect everything we do.

What are unauthorised lenders?

Unauthorised lenders, illegal money lenders or loan sharks are firms who operate outside of the law and have not been authorised to trade by the UK's financial regulator, the FCA.