Getting a loan after the recession

It has been well documented in the past year of the difficult financial times the country, and indeed other parts of the world, are being put through.

Last year a phenomenal drop in the amount of people being offered mortgages and loans proves how scrupulous the banks are being about who they lend money to.

One mother in Sheffield commented, "I just can't afford things like I used to. I didn't think the recession would hit me, but it is worse than I thought on everyday things."

If you have a bad credit history, it is even more difficult to obtain the finance or credit you need. However, there is some hope as some online lenders are offering bad credit loans and bad credit personal loans to people regardless of their credit files.

As the country begins to recover from the aftermath of the recession, it is hoped that more people will be able to build their credit files back up in order to bring their finances back on track.