Borrow from £100 to £25,000
- Apply For £ 50 - £ 1,000
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- Bad Credit
Whole of Market panel
Trusted panel of lenders
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
How To Choose The Right 500 Bad Credit Loan
If you have bad credit, then you don’t need to be discouraged in taking out a loan right away. With a bit of research and shopping around, you will realize that there are actually a good number of lenders in the UK today that will cater your need for a 500 loan bad credit & 500 bad credit loan. When choosing the kind of bad credit loan for 500 pounds, you want a lender who will not only overlook your credit score but also one that is transparent on all the rates and fees and provides flexible payment terms that can be tailored to your needs and unique circumstances.
Choosing The Right 500 Loan Bad Credit
To offset the risk associated in your bad credit, lenders providing bad credit 500 loans will normally put a higher interest rate in your loan deal. But aside from the interest rate, there are other factors that you might want to consider in choosing the right 500 loan for bad credit.
- Reasonable Interest Rates – The truth is, it would be extremely difficult for you to land a low interest rate if you have bad credit. With that being said, the best lenders will still keep their interest rates competitive based on your credit score.
- Minimum Fees – Some of the fees that are present in 500 loans if you have bad credit include charges for loan originations, late payments, prepayments, and unsuccessful payments. There are lenders who charge a lot of these fees but there are also those that don’t. The best leaders are those that put zero fees in their services and if they do have fees, they are at a minimum.
- Flexible Terms – The best lender should be flexible enough to allow you to pay off a loan as quickly as possible to save on interest payments or allow you to choose a payment term that is longer so the interest rate payments are low. Whatever works best for you and your present circumstances, the lender should be flexible enough to cater your payment term needs.
- Reputable – The right lender is the one that is licensed by the FCA or Financial Conduct Authority and enjoys a solid reputation in the industry. Ample experience is important and having the right staff to handle the different needs and concerns of borrowers is equally vital.
Finding The Best Bad Credit 500 Loan
Make sure that you check a wide array of options when you’re looking for the best bad credit loans for 500 pounds or any loan amount for that matter. You need to choose a lender who understands that your credit score is just a small part of a bigger picture. You must also determine the kind of loan term that you need, the kinds of options to avoid, and how you can evade scams and loan sharks. Most importantly, the best 500 loans bad credit would be the one that is perfectly suited to your present needs and circumstances.
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.