Borrow £100 to £25,000*
- Bad Credit Accepted
- Fast Payout
- No Fees
- Secure Application
Short Term Loans
£100 – £1,000
Rates from 278% to 1576% APR*
3-12 month repayment
£1,000 – £25,000
Whole of Market panel
Trusted panel of lenders
Rates from 5.7% to 278% APR*
3-36 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 238.1% pa (variable). Representative 481.6% APR.
Emergency Loans Provide Needed Relief
- There are options available to you if you need emergency money, but have bad credit.
- Compared to a few years ago, UK lenders are more willing to consider a poor credit score.
- You may find an increase in interest rates to account for a higher acceptance rate.
When you need money quickly and traditional lending options are denied to you, you might appreciate the relief provided by an accessible loan. Most people truly value the availability of what are sometimes known as really bad credit loans. These are loans offered by direct lenders that cater to people whose credit rating is very low. They may not have any chance at receiving a bank loan or a loan from another conventional financial institution, but if they turn to direct lenders, they are welcomed far more easily.
Borrow anything from £100 to £25,000 today.
Quick online application takes minutes.
How to get a loan
If you are looking for really bad credit loans, just look for payday lenders and fast cash lenders. These types of direct lenders often offer loans that are suited for people with low credit scores. The way they have set up these loans and the approval process ensures that a credit check isn’t even required. Instead, they’ll be looking at your income and possibly your other finances. Your credit won’t figure in at all, making it easy to get approved, so long as your current financial situation isn’t too dire.
You can often apply for these loans entirely online, filling out the application form in minutes and getting a response back as to whether you have been approved just moments later. That’s a quick and easy way to get the money you need to have, and it’s far easier and simpler than trying to apply for a bank loan.
You should know that most everyone who applies for really bad credit loans is approved for them. It’s generally easy to meet the financial requirements of the loan, as the bar for eligibility is set quite low. You just need to be sure to pay attention to the interest rates and ensure you know what your responsibilities are in regards to the loan.
Utilising the Loan
Once you have been approved for the loan, you should see the money transfer into your bank account in a couple of days. Sometimes, it can transfer in as little as 24 hours, depending on how small the loan is. For really bad credit loans, you should expect them to be short-term loans that aren’t very large. You will be expected to pay back the loan, with all interest and fees, in a matter of weeks or months. If you are applying for a bad credit loan, you aren’t likely to get a large loan or one that takes years to pay back. You may have to wait until your credit situation is better to be approved for those.
You can use really bad credit loans however you like, but you should be aware that you’ll have to start paying back on the loan shortly. You don’t have to pay everything at once, as most of them are set up as instalment loans, where you pay back the loan and the interest in chunks. Set payments will dictate how much has to be paid at a minimum each month, and you are welcome to pay back more than the minimum and pay off the loan early. That’s actually the best way to go, as you can avoid paying some extra interest that way and save yourself some money.
It’s a good idea to set up payment reminders or to have the loan payments automatically deducted from your account when they are due. That way, you won’t forget about the payments and you won’t end up paying late.
If you do pay late, you could accrue more fees and interest and you will hurt your credit score. If you manage to make your payments on time, after you pay off the loan, your credit score could see an increase. Keep handling your financial affairs well and you will see a better credit score in time. You don’t have to be stuck with that bad score forever.
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What can I do if I wish to complain?
Information about complaints can be found in our complaints policy.
What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly instalments some companies will adjust your monthly instalments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldn’t take you longer that 3 minutes its as simple as you can get.