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Recent statistics show that 20-25% of adults in the United Kingdom have some form of poor credit history. These are the people who may be finding it hard to get approval for a home loan, credit card, car loan etc.  With many lenders available today you should be able to find yourself a bad credit loan lender to suit your circumstances. Having to accept higher interest rates are the norm for a bad credit loan, sometimes between 2-3 times the interest rate for a person with a good credit rating.