Hi Maverick777,

Considering you have bad credit rating, 15% is not too bad. Obviously you didn't tell them it was a business loan or I doubt they would have quoted you at all.

You're quite right that your only other option is a secued loan, which can be right for a lot of people - you obviously don't feel it fits your finance needs currently.

If you are definitely going down the unsecured route, I'd take the 15% and hope your business makes cash quickly that will enable you to pay the loan off quickly.

Let me know how you get on.

Tim Moss

Dear All,

I'm currently unemployed and wish to start a new business. I've completed my business plan and now need a loan of about 9K. I don't want a secured loan on my house. But have a bad credit rating. Where can I go please for the best deal, as the ones I've seen so far are 15% APR?

Thanks