The form of loan known inside the UK as logbook loans is an easy option for people with very bad credit. These companies don’t do a credit check during application which has strong appeal to many individuals struggling to get credit with their local bank. To qualify for these very bad credit loans the borrower must legally own their car with its accompanying logbook, and the vehicle needs to be around 8 years old or younger. The normally also want a car that is free or almost free of finance before issuing a loan.
The main logbook loans lenders in the UK specifically target people with very bad credit so the chances are they have dealt with people in every situation. The fact that someone applies for very bad credit loans from these companies should not show up on future credit checks if the lender does not do a credit check when they apply (which is of course the main attraction of these loans.)
Further information about very bad credit loans here.