Borrow from £100 to £25,000
- Apply For £ 50 - £ 1,000
- Fast Payout
- No Fees
- Secure Application
- Available 24/7
- 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: £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.
Poor Credit Loans Direct Lender
Poor credit loans from a direct lender can enable you to borrow money if you have a bad credit score and need cash fast. You probably know by now that you can’t borrow money from the banks if your credit score isn’t good. On face value, this policy does make sense as people with a bad score can be perceived to be a risk to lend to. Unfortunately, the banks don’t look any further than that and many people are left in the dark as a result. This doesn’t need to happen to you, and you do have an option. Bad credit lenders can help you out in your time of need and you don’t need to worry about being discriminated against either because of your score.
What Are Poor Credit Loans Direct Lender?
This is a form of a loan you can borrow if you have a bad credit score. They are also issued through direct lenders, who are the party who is the source of the funds for your loan. You may not know this, but some lenders don’t actually have the money that you are borrowing from them and instead obtain from another party. This could be done by them acting as a middle man between you and the party with the money or simply selling your loan on the secondary market. Loans through non-direct lenders will end up costing you more because the party who is the source of the money will be profiting via a higher interest rate.
How Could This Loan Benefit Me?
This loan could really come in handy for you if you are desperate and need cash quick. You may have to pay utility bills, school fees, medical expenses, and more and the money from this loan could just pay off those expenses for you. This is especially handy if you don’t have any savings and your credit score has made the banks ban you from borrowing. The money can just pay your
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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