*Loan,banking and credit>>>bad credit loan

Can I get a loan with a bad credit rating?

I'd like to take out a loan to pay for a holiday to Australia next year with some friends. I need about 拢2000.

Unfortunately I have a really bad credit rating, after living off credit cards a few years ago while unemployed, and not being able to pay them back at the time.

Those debts are long since paid off and I have had a reasonably well paid, stable job for the last three years, so I would have no problem keeping up any repayments. However, I'm still being refused even the most basic credit cards and store cards, and my bank recently refused to increase my overdraft, which isn't exactly generous as it is.

Can anyone tell me how I should go about getting this loan, or getting a credit card?

Also, if it would make it easier, my parents say they would be willing to act as guarantors; how does this work?

Yea you can but these credit companys charge you double what you borrow so please dont give it to them..

you probably could still get a loan but would end up paying a higher interest rate. Its really probably not worth it. You should seriously consider getting a job and saving up for your holiday instead.
i think you should make sure your parents are aware of your financial situation before they commit to being guarantors (where they sign and become responsible for your debt if you cant pay it)
The defaults on your past cards etc will stay on your credit history for six years, so until then it will be difficult to get a loan from a high street lender. You may be able to get a loan from a sub-prime lender ( the ones with the massive interest rates) but it would cost a lot.
If your parents stood as guarantors it would mean that if you dont repay the loan they have to - legally.
I think you can manage to get. This one's got some useful info http://www.cash-available.com/loanwithba...
try this web site
money saving expert.com
Martin Lewis the money expert on tv he's excellant
Get a copy of your credit file from Experian or Equifax and find out which creditors have placed bad marks against you. If you have since repaid those debts you can ask each creditor for a certificate of satisfaction which can then be sent on the the credit reference agency in order to get the bad marks removed.

If you have bad credit you will only be able to get a loan from a company which specialises in adverse credit lending. Only problem is you will pay a high rate of interest on the amount you borrow.
Probably