Borrow from £100 to £25,000
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- Bad Credit
Whole of Market panel
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From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
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
The Ideal 300 Bad Credit Loans In The UK
Before, a poor credit history would have meant automatic rejection for anyone searching for a loan of any amount from banks and other mainstream lenders. Today, however, things are different and there are now a myriad of options for people in the UK who are looking to secure a 300 cash loan, including those that are designed for people with bad credit. What’s more, with the abundance of lenders operating both online and offline, the market has become quite competitive and the rates low enough for people to enjoy.
300 Bad Credit Loan Options
If you are looking for a 300 cash loan bad credit, there are numerous options that you can consider. The lenders providing them are also numerous especially if you search online. The loans are also designed to provide reliable funding if you have a bad credit history, poor credit score, and sometimes even if you don’t have a credit history at all. With that being said, some of the options that you can look into include:
- Secured loans – The loans are tied on an asset which serves as collateral. The collateral will act as security to the lender and a means to offset the risk associated in your bad credit. This is because once you decide to default from your loan, the lender has the legal right to take possession of your asset to recover the money that you owe them.
- Pawnshops – While pawning is not a loan, it does work like a secured loan. In exchange for something valuable like a jewellery or gadget, you can get the cash that you need and pay back the money that you borrow plus fees after an agreed term. But just like a secured loan, you also risk losing your item if you fail to keep up with your payments.
- Guarantor loans – The loans are designed for people with bad credit because the presence of a guarantor provides security to the lender thereby offsetting the risk involved in your bad credit application. The guarantor is someone who will co-sign your loan deal and will agree to shoulder the loan’s repayments once you are unable to.
- Payday Loans – The loans are one of the most popular 300 cash loan bad credit 300 bad credit loans in the UK because of the ease and convenience that they provide. Cash transfers are also quick and normally if your application is approved, the money will be deposited into your account after a few hours or on the same day.
Among the several options mentioned above, payday loans tend to be the ideal options if you are looking to secure a 300 pound cash loan. This is because there is no need to offer an asset or a guarantor to get approved. Besides, who would want to go over the stress and hassle of sourcing out a valuable asset or a guarantor if the money needed is just 300 pounds? In addition, the ease and speed that the loan providers are simply what borrowers need when they are looking for a quick loan for a small amount to cover emergency costs.
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 installments some companies will adjust your monthly installments 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 shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.
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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.