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N Whole of Market panel
N Trusted panel of lenders
N From £1,000 to £25,000
N Rates from 5.7% to 278%
N 3-36 month repayment




N Online decision
N Responsible lenders
N Borrow up to £3,000
N Rates from 278% to 1576%
N 3-12 month repayment

Representative Example: Cash price £7,500. Deposit £0.00. Total amount of credit £7,500.00.

60 monthly repayments of £137.22 Total charge for credit £733.20. Total amount payable £8,233.20. Interest rate 3.8% fixed. 3.8%APR Representative.

We are a Credit Broker and not a Lender

Bad Credit Loans in the UK

Simply put a bad credit loan is a loan paid to someone that has either been bankrupt or defaulted on loan agreements before this in turn reflects in your credit status and application worthiness. The lower the credit score the higher your interest rate you will pay on all finance that you receive ongoing. There are many lenders out there that will deal with people that have poor credit but you should expect to pay at least double the APR that you currently would pay should your credit be perfect.

Unfortunately this is the nature of the market and reflects in the extra cost it takes for the lender to acquire the money from the bank as the banks will lend to sub-prime lenders at a much higher interest rate than they would lend only themselves this is because of the extra risks associated with lending to be with poor histories.

However, with the right research and by finding the loan that is the best suited to your unique circumstances, you can avoid paying a sky high premium and still find a loan at a rate that will suite you.


How it Works

A credit score is a score that is accumulated over time as a reflection of all your financial activity. All financial institutions will then be able to access this score, in order to get a picture of your previous financial activity.
This then allows lenders to avoid potentially lending money to an individual who may not be able to pay it back. For example, if you have many outstanding finance and you regularly miss your repayments, then this might suggest that you would be unable to pay off any future agreements you took out as well. Likewise, if you have bounced a lot of cheques, or if your accounts are tied to someone who has a bad history; then these things might also impact on your chances of finding a a lender to agree.
Many companies will not be willing to lend money to someone with a poor score because it is viewed as too big a risk. This then puts the borrower in a very difficult situation, if they badly need money. And of course it is the person who is most likely to need a loan who is also most likely to have bad history to begin with.


How to Find a Loan With Bad Credit

The best way to find a unsecured financial agreement with bad credit is to work on improving your score. Unfortunately, the best way to do that is by taking out more finance – as this way you can make sure to make your repayments on time and thereby demonstrate your ability to pay back borrowed money. In fact, someone who has taken out lots of loans and paid them all off will usually have a better credit score than someone who has never been in debt!
This puts you in a catch 22 though if you can’t get a moneyloan to begin with. Fortunately, bad credit loans are offered by companies willing to take that risk. As mentioned, this often means those companies will charge more, in order to cover themselves. By charging a higher APR and making more profit per customer, these companies can survive occasionally losing out when a customer defaults.
But as with any market, competition has driven the price of some poor score lenders right down. By offering money to people who can’t find them anywhere else, they have a captive market – and by keeping their APR relatively low, they can make sure to beat off the competition and get as many customers as possible.
By researching the market and comparing quotes then, it is still possible to get an agreement for a reasonable rate. What’s more, is that you can take various other measures to try and improve your chances of getting the finance. For example, a guarantor loan or a secured loan will usually be more affordable.


The Most Common Question


I come across when dealing with people with poor credit is: ” is it possible to improve my chances of getting a loan.” Yes it is, there are several things you can do to help you through the application stage and make sure your loan is funded in full.


Make sure you have all the relevant proofs for income available to hand


Secure your payments against property. A little disclaimer here personally this isn’t something I like to suggest people do as this will put your home at risk should you fail to make your payments but it is an option and being that we are unbiased comparison service we must advise you of all options


Make sure you have all your outgoings including bank statements available to


Take a smaller loan to start – one should be paying a small loan with the company for a little while they are more likely to lend to you again is a scene you pay your payments on time each month on average most lenders will look at what’s known as a top up after six months of straight on time for payments


Your guarantor this is someone that will guarantee your payments to the company on a monthly basis by using a guarantor you’re more likely for a lender to accept your payments

What do I Need to do For a Bad Credit Loan

Can I Improve My Credit Score?

Yes of course you can you weren’t always have a poor credit score if you make your monthly payments on time and in full every month for all your current credit commitments. Over time you will see your credit score slowly improve this can be checked and experian they do offer a free of charge service to allow you to look your credit file once.

I wish to suggest that people continue to make the payments in full and on time every single month this improve your credit score will then allow you after year to look to refinance make sure every year you save your credit scores improved enough for your APR to improve it doesn’t hurt to contact your current lender and ask them can you improve your APR.

Can I settle early?

Yes you can it is possible to refinance your agreement at any point throughout the term of your agreement. Unsecured products do not have the interest front loaded at the start of the agreement the interest on all unsecured loans in the UK accrues on a monthly basis this means each month that you make a payment you will pay off a little bit of interest as well as a little bit of the balance. You can go to your lender at any time and ask for a settlement figure, your settlement figure will include a rebate of the interest on the term of the agreement that you have left outstanding with that lender. This is always something I suggest you keep on top of as refinancing your agreement within your term can result in you saving thousands and thousands of pounds over the term of your agreements.

How do I Settle Early?

There are some lenders in the market that will require you to set your agreement using a debit card or bank transfer some also still accept cheques please note that when it comes to settling your agreement you must allow a few days for the payment to clear for your lender will note that your file is closed and settled in full. Upon settling the loan in full they will contact the local credit file providers to advise them that this finance is settled this will in turn improve your credit score.

What Is APR?

The representative Annual Percentage Rate (APR) is an APR at or below which an advertiser expects, at the date on which an advertisement is published, that credit would be provided to at least 51% of borrowers.
The APR you’re quoted may vary from the advertised rate as the personalised quote is based on your current individual circumstances and the loan amount you borrow.

Is There An Age Limit?

For all applications the applicant must be a minimum of 18 years old we have any other type of restrictions we may ask to see an income and expenditure to make sure that taking out this finance doesn’t overstretch your finances,

Can I Make Higher Payments Each Month?

Quite often people come to me asking can they make increased payments against the loan even though the monthly repayment amount is £200 they want to pay £250. Yes this is possible and this is something I personally suggest would be a great option should you be to afford the reason this is such a great option follows on from the points above because your interest is incurring on a monthly basis the more you pay the lower the monthly interest will be this will also result in you finishing your loan a lot earlier for example your loan amount is £350 a month you pay £700 a month the balance of your loan will not come down by £700 it will come down by closer to 800 due to the rebate in interest that you receive on a monthly basis.

How do I Apply for a Bad Credit Loan Today?

To apply for a loan today is a very simple and pain-free experience, fill out the form on this site and your details will be passed to our panel of lenders who will make a decision on your application. Please note, if you keep your wage slip and outgoings close to hand when the lender contacts you, being able to provide them straightaway can ensure your application processes faster and smoother.

What can i use the Money for?

Our personal loans come in all shapes and sizes spread over a lot of different terms, the good news is you can really use them for whatever you like such as a car purchase, wedding or consolidation of other credit commitments.
There are a few small No’s -Business or investment purposes,Bridging loans,Mortgage deposits,Speculative reasons & Purchasing or retaining an interest in land

I’ve Been Refused before!

Dont let that worry you all our unsecured lending products have different requirements so we expect 9/10 we can find that product that fits your needs. We do suggest if you are concerned about your credit score to contact an agency to check and make sure there isnt anything outstanding that you didnt know about. Please remember if your applying everywhere you can find each of these companies will be checking your credit history so this in turn will affect your score.

*Subject to lender approval and requirements.