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N Instant Decision
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N From £1,000 to £25,000
N Rates from 5.7% APR to 278% APR*
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N Apply to Borrow up to £3,000*
N Rates from 278% APR to 1576% APR*
N 3-12 month repayment

Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 481.6% APR.

How Do I Apply For Bad Credit Loan Online?

Applying for a bad credit loan isn’t as tough as you would think most people spend their time looking for a loan for bad credit direct lenders as they think this will improve their chances of a loan which is half correct you do need the direct lenders but you need to use a service like this so you can reach all the direct lenders at once rather than spending weeks going to each lender one at a time. You will often find out alot of the loan companies provide a small loan to people with poor credit or debt on average most people look for about 100 loan with poor credit. Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy. We Are A Credit Broker Not A Direct Lender

How To Get An Unsecured Loan If You Have Bad Credit

You can still get an unsecured loan if you have ‘bad credit’. Although bad credit isn’t an official type of loan, ‘bad credit’ is a very popular term individuals search for when they have a damaged credit profile or lack of credit history.

When you have a low credit rating your choice of lender and the amount you can borrow may be limited. It might be a bit more challenging for you than for those who have a good credit rating.
It might be a bit more challenging for you than for those who have good credit – but there are lenders who are willing to see you beyond your credit score. You will be amazed at how easy it is to find and get no credit checks loans.

Use this comparison website to find a loan that offers the amount you need to borrow over the time you want to pay it back.
You should also check if there are any fees with your loan, like arrangement fees or early repayment charges.
‘Bad credit’ loans are more expensive because lenders that offer such loans, cater more for people with damaged credit files, or low credit ratings. Because these types of customers pose a greater risk to the lender, they normally come at a higher cost.

You should also check if there are any fees with your loan, like arrangement fees or early repayment charges.
Bad loans are more expensive because you are charged a higher interest rate than regular personal loans. Also, see the terms on repayment as most borrowers with poor credit only get to take short-term loans. Yes, there are lenders with liberal credit standards that would give you a hand when you need immediate funds. This could however have much higher APR and interest rates but you can still save money by comparing lenders.

How to get an unsecured loan if you have bad creditPersonal Loans (Bad Credit)

  • Unsecured Loans up to £12,500
  • Repay over a 1- to 5-year period
  • Less than perfect acceptable
  • Tenant & Homeowners welcome
  • No guarantor required
  • Various lenders available
  • APR varies from 30% to 100% depending on score
  • Representative APR 50%
Unsecured Loans for Bad Credit Amount Accepted
Loans for Poor Credit Unsecured £200
Unsecured Personal Loans £300
12 Month Loans Bad Credit £400
Loans for People with Bad Credit £500

unsecured loans with bad credit

Bad Credit Loans In The UK

Simply put, ‘bad credit’ loans are money paid to someone that has either been bankrupt or defaulted on agreements before. This, in turn, puts you in a negative light and reflects in your score and application-worthiness. Your credit history speaks a lot about your financial attitude and behavior. Weak credit history or track record does not mean it’s impossible for you to borrow cash from any lender. You can get a loan but options may, however, be limited at this point.

it’s all a matter of working on improving your score and removing the negative credit impression and this is doable over time. The very low the score, the higher the interest rate that you will pay on the ongoing finance that you receive. There are many lenders out there that will deal with people that have poor history but you should expect to pay more for your finance than you would be your credit file immaculate.

Unfortunately, this is the nature of the online market – it is highly volatile – 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 checking and by finding the finance that is the best suited to your unique circumstances, you can avoid paying a sky-high premium rate and still find cash at a rate that will suit you. From that point on it is only a matter of ensuring you are keeping up to your contractual repayments, and this should, in turn, build up your credit rating, so then in months or years to come, you will be able to qualify for better loans with more favorable rates and terms of repayment.

How It Works

Your credit score is a reflection of your financial tenacity. Doors of opportunities are open for those who have good credit standing. It is your three-digit number that determines financial health and capacity which matters your credit-worthiness. We cannot stress further on the importance of a good credit reputation for getting approved of a credit application. A credit score is a score that is accumulated over time as a reflection of all your financial activities. All financial institutions will then be able to access this score, in order to get a picture of your previous financial activity. Every single detail is crucial to maintaining your score – from paying your bills on time and maintaining a solid financial reputation that build your credibility from the ground up. Basing on your score, you will most likely have a decision right away.
This then allows lenders to avoid potentially lending money to an individual who may not be able to pay it back. Some people are not good for debt especially when it reflects on their credit history. 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 finance who is also most likely to have bad history to begin with.

Once you have entered your details on our application form and pressed ‘Apply Now’, you are almost instantly matched to a lender or service provider by Serpable. If you are successfully matched with a lender, you will be instantly redirected to the lender’s website. Please note that in the case you do not match any lender’s criteria, Serpable may find you other suitable or alternative products. Once you are redirected to a lender’s website you’ll be asked to complete the application and await a decision. You are under no obligation to complete the application or to take out a loan with that lender. The exact process may vary depending on the lender you are matched with, however the lender may require further information or documentation from you such as proof of income or personal identification. If you are successful in your application, the loan will normally be paid out fairly quickly after your application has been approved, usually within 24 – 48 hours of the application being submitted.

Find a Loan With Bad Credit…How to Find a Loan When You Have a Poor Credit History

The best way to find an unsecured financial agreement with ‘bad credit’ is to work on improving your score and remedying your credit file. You can do this in a number of different ways.

You can ensure you are always on top of all your household bill and credit agreement payments. Try to make all payments on time, every time and in full. The easiest way to do this is to set up direct debits for everything you need to pay out for, whether it is payments for a credit card or your council tax or gas and electricity.

Another great way of improving your score is by making applications for small amounts of credit and ensuring you pay them off, again, on time and fully, as specified by your credit agreement.

Please note, we are not suggesting you should apply for credit you do not need, however, for example, you may need a new mobile phone at some point in the future, and would benefit from taking out a phone contract. If you keep up to your contractual repayments you will show future lenders that you can be trusted with credit.
Unfortunately, the best way to do that is by taking out more finance – as this way you 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 finance and paid them all off will usually have a better score than someone who has never been in debt!
This puts you in a catch 22 though if you can’t get a money to begin with. Fortunately, bad 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, it is still possible to get an agreement for a reasonable rate. What’s more, is that you take various other measures to try and improve your chances of getting the finance. For example, a guarantor agreement or a secured will usually be more affordable. Whether you are looking for a short term plan or long term loans our dedicated team of experts will be able to find the best agreement to suit your needs.

Whatever kind of finance you are looking for, we ware here to help. We will do all of the above mentioned work for you so that you have peace of mind in the fact that we will find the lender and plan that best suits you individual requirements so that you are in the best possible position you can be. It doesn’t matter if you need a long term finance option with a guarantor or by placing assets forward for collateral. Alternatively, you might just need a quick solution to a small unforeseen situation or minor investment, in which case one of our bad credit payday loans may be the best thing for you.

The Most Common Questions

” Is it possible to improve my chances of getting approved for a loan?” Yes it is, there are several things you can do to help you through the application stage and make sure your agreement is funded in full.


Several things that will normally give your credit rating and score a boost are being registered on the electoral roll and maintaining all payments towards credit agreements and household bills, fully and on time.


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 too. Bills and receipts would also come handy as part of the documentation process which will give lenders an idea on how stable your income flow is and if you would be able to afford loan repayments.


Take a smaller amount to start – Borrowers should be paying a small monthly amount with the company for a little while. Lenders will be more confident with granting you another loan with much better terms if they see how responsible you are with repayments. On the average, most lenders will look at what’s known as a top-up after six months of straight on-time payments.
Your guarantor is someone with good credit standing that will vouch for you or guarantee your payments to the company on a monthly basis. Hence, by using a guarantor, you’ll increase your chances of approval and lenders will also be more confident to accept your payments.


Your guarantor is someone with good credit standing that will vouch for you or guarantee your payments to the company on a monthly basis. Hence, by using a guarantor, you’ll increase your chances of approval and lenders will also be more confident to accept your payments.

What Do I Need To Do For A Loan?

Can I Improve My Credit Score?

Yes, of course you can always improve your credit score. If you have always been diligent and able to make your monthly payments on time and in full every month for all your current commitments, the chances are your credit standing is already good.

If you have damaged your file along the way by missing payments, or making late payments or changing address several times within a short space of time, these will all normally have a negative effect on your score.

If you keep up to your repayments and settle at one address a little longer and join the electoral roll, over time, you will see your score improve dramatically.
Your credit score can make or break your chances of getting approved. It’s still a numbers game but the good news is that you can always up your game given the right mindset for money. Yes, of course you can always improve your credit score. In fact, you wouldn’t have a poor score if you were diligent and able to make your monthly payments on time and in full every month for all your current commitments. Over time, you will see your score improve dramatically. This can be checked and they do offer a free-of-charge service that will allow you to look at your file once.

Consistency is key to achieving an impressive credit score. It does not just keep track of your current credit behavior but your entire credit history as well. I wish to suggest that people continue to make the payments in full and on time every single month. Remember to always keep your credit balances down and low. This is bound to boost your score and will then allow you after a year to look to refinance. Make sure that you save your scores every year and get it to improve enough to enhance your APR. It doesn’t hurt to contact your current lender and ask them if you can improve your APR.

Can I Settle Early?

It makes perfect sense to settle your dues early because you get to save on the interest you would normally be charged. You get to save and avoid the high interest rates altogether. It is possible to refinance your agreement at any point throughout the duration of your contract. Unsecured products do not have the interest front loaded at the start of the agreement. The interest on all unsecured finance 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 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 could be equivalent to two months of interest. This is always something I suggest you keep on top as refinancing your agreement within your term can result in you saving thousands and thousands of pounds over the long haul.Lenders will usually let you pay your loan off early and often without any repercussions, meaning they would not normally charge you an early settlement or early redemption fee. Please note some lenders will charge you for settling your loan early so it is always best to check before you decide to pay it all off.

How Do I Settle Early?

Is it advisable to make an early settlement of debt? Some would advise you against that because there could be prepayment penalties if you do so. While financial gurus would often say that it is more beneficial to settle debt earlier than your due date to evade the accrued high interest rates. More so, being able to finally pay off borrowed cash will improve your credit reputation and score. With this, you will most likely get faster approval on succeeding loans. There are some lenders in the market that will require you to set your agreement using a debit card or bank transfer while 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 agreement in full, they will contact the local score file providers to advise them that this finance is settled which will in turn improve your score.Each lender is different so this will depend on your lender’s policies. For further details of how to settle your debt early, it is best to speak to your lender directly. We are only an introducer so do not have any involvement with the management of your loan. You may also find details of this in your loan agreement or the terms and conditions.

What Is Representative 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 would be provided to at least 51% of borrowers. This provides you an overall or comprehensive view of the total costs of borrowing money as opposed to the interest rate which only shows you the base cost of borrowing a specific amount of money. Moreover, the APR constitutes additional costs and could fluctuate depending on several factors in line with your application. This also tends to be much higher that the interest rate.
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?

Yes, there are imposed restrictions on age when applying for a credit. For all applications, the applicant must be a minimum of 18 years old to qualify. Lenders also have a set of criteria or checklist that applicants must qualify for. For instance, they may ask to see an income and expenditure report to make sure that taking out this finance doesn’t overstretch your finances and that you are financially capable to make timely repayments.

How Do I Make My Payments?

Payment routes would vary depending on your initial agreement with the lender; Most commonly the lender will collect the payments directly out of your nominated bank account on the agreed date. Most companies would prefer to receive their money on a monthly basis via direct debit very much in the same way the payout goes as stated in the original agreement via bank transfer. Now, most companies will allow you to make your monthly installments via debit cards or via a standing order, as long as the payments are received on the due date that the legal agreement states, 99% of companies won’t mind what payment route you use.

Can I Make Higher Payments Each Month?

Quite often, people come to me asking if they can make increased payments against the finance 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 able to afford it. The reason as to why 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 total cash amount due a lot earlier than agreed upon. For example, your loan amount is £350 a month then you pay £700 a month, the balance of your overall total will not come down by £700. It will instead come down by closer to 800 due to the rebate in interest that you receive on a monthly basis. Under any circumstances, once you decide to repay debt early on (in part or in full), you also get to worry no more for high interest rates.This really depends on your affordability. If you find yourself with spare cash, it is certainly a good idea to pay extra if your lender allows overpayments. Some lenders may charge you an early redemption fee if you pay your loan off early. It is always a good idea to check your loan agreement terms and conditions or speak to your lender to double check.

How Do I Apply For A ‘Bad Credit’ LoanToday?

You may have experienced having a door slammed right to your face especially if you intend to get a loan with a bad credit. A muddy credit history could ruin your chances of approval but not if you apply for a bad credit loan. Our steady panel of lenders will be able to match you with the right product that will guarantee high approval rating. 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 at hand when the lender contacts you, being able to provide them the required information straight and right away can ensure your application processes faster and smoother.You may have been rejected for credit due to having a less than perfect credit score. You may have missed payments in the past, had CCJs or been bankrupt and now your muddy credit history is ruining your chances of approval.
Monevo matches individuals with the most suitable product for their circumstances, at the lowest price.
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 Monevo’s panel of lenders who will make a decision on your application.
Please note, if you keep your wage slip and outgoings close at hand when the lender contacts you, being able to provide them the required information straight and right away can ensure your application processes faster and smoother.

What Can I Use The Money For?

Once approved of a loan, you’ll find that you have more than enough cash to spend. Many borrowers would ask whether it is allowed to use borrowed cash on anything you want? Well, there has to be some restrictions so make sure you check the agreement before you spend. Our personal agreement come in all shapes and sizes spread over a lot of different terms. Restrictions would follow in consideration of whether your purpose for borrowing is high or low risk. If in case your contracts states a specific purpose for release or approval of funds then you must comply and keep your end of your bargain or the lender might terminate the agreement and ask you to refund.

The good news is you can really use them for whatever you like such as a car purchase, wedding, emergency healthcare bills, or consolidation of other commitments. There are however a few small No’s – business or investment purposes, bridging ,mortgage deposits, speculative reasons, and purchasing or retaining an interest in landThis really depends on what type of ‘bad credit’ loan you have taken out. If you have taken out a personal loan ‘bad credit’ loan then you could use your loan for a number of reasons such as car purchase, wedding, holiday, home improvements or debt consolidation. You do need to consider whether it is worth sourcing the funds now, or whether it would be better for you to remedy and improve your credit file over the coming months or years and then apply for credit, at a better rate and more favourable terms. If you are applying for a short term or payday loan – these types of loans should only really be used in emergencies. For example, if your boiler or your car break down, you need to pay for emergency travel or urgent medical costs, or perhaps you are lumbered with an urgent bill.

I’ve Been Refused Before!

Yes, you may have been turned down once, twice, or a couple of times but don’t let that worry or stop you! All Monevo’s lenders have different criteria and some will cater for people with low credit scores. Rejection definitely is a serious blow to your ego especially if you’re in urgent need of cash. Knowing the details as to why exactly your application was denied would be helpful when you do apply again. This could be a tricky feat so make sure you always cross-check details when making an application. One of the potential blunders that could get in the way of you getting a green light on your funds is an error on your credit report or perhaps your debt-to-income ratio isn’t that good to qualify for one. We do suggest if you are concerned about your score to contact an agency to check and make sure there isn’t anything outstanding that you didn’t know about. Build on your credit reputation whenever you can and make sure to settle any outstanding balances if any so you get a “Yes!” on your application right away. Please remember too that if you’re applying everywhere, you will find that each of these companies will be checking your history so this in turn will affect your score.If you have made several credit applications in a short space of time, it may be best for you to let some time pass before applying again. The good news is that when you apply through our website, Monevo do not conduct a hard search on your credit file when assessing your suitability for different products, and neither do we. This means that if or when you are matched with a lender, this won’t have any effect on your credit file.
The lender will only conduct a hard search on your file when you decide you want to proceed with the loan and sign for your loan agreement.

How Much Would My Monthly Payment Be?

The monthly repayment cost of an agreement will depend largely on the amount borrowed, the term, and the interest rate. The total amount of the loan plus interest is evenly spread out over the agreed term and on a predefined schedule. Loan terms would typically range from 24 months to 60 months. To find out how much your monthly repayment will be, you can get a personalised quote which won’t affect your credit score. This puts you under no obligation to proceed with the offer but will enable you to see how much you can borrow and what it may cost.Loan terms on short term and personal loans would typically range from 1 month to 60 months. To find out how much your monthly repayment will be, you can get a personalised quote, which will not affect your credit score. This puts you under no obligation to proceed with the offer but will enable you to see how much you can borrow and what it may cost.

*Subject to lender approval and requirements.

Hi There My Names Martin! I’m a huge sports fan fancy myself as the next Lionel Messi.. Ive been writing for the last ten years mainly in the financial niche.