Borrow from £100 to £25,000

Complete our simple 60 second application form to get the loan you want today.

 

PERSONAL

Loans

N Whole of Market panel
N Trusted panel of lenders
N From £1,000 to £25,000
N Rates from 5.7% to 278%
N 3-36 month repayment

 

SHORT TERM

Loans

N Online decision
N Responsible lenders
N Borrow up to £3,000
N Rates from 278% to 1576%
N 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

What to Do When Banks Deny Your Loan Applications


Your credit history can get in the way when you are trying to get a bank loan. If the bank sees that you have a risky financial history, they are likely to deny you for any and all loans you apply for. That is even truer for long-term loans, where the loan is stretched out over a lengthy period of time, and the lender has to trust that payments will be made on time during that period.
That’s just too much of a risk for banks to assume when it comes to poor credit borrowers. What those types of consumers need are long-term loans for bad credit direct lenders. These types of loans are available to just about anyone, no matter what their credit history is like. These loans forgo the usual bank route, as the direct lender moniker details, and they come directly from outside lending sources. These may be fast cash lenders, payday lenders and similar lending agencies that are not your typical banking institutions.

In fact, many of them do not have physical offices and operate almost entirely online. This means that potential borrowers need to be careful about which ones they trust. They should do their research first and find out about the experiences other people had with particular lenders before they apply for any loans with them.

However, if the bank has turned you down for the loan you need, and your credit isn’t very good, then direct lenders may not only be your best choice for the funds you require, they could be your only choice. Thankfully, this industry is well moderated by the government, and the vast majority of these direct lenders do operate legitimately and fairly.

If you are looking for long-term loans for bad credit direct lenders, then you will find plenty of options out there. It’s harder to find long-term options than short term ones, because long-term loans are riskier. But the options are certainly still there. You just may have to do some extra searching to find them.

So, don’t despair when your bank loan application is rejected. You do have options, and you shouldn’t let anyone tell you otherwise. You do need to know that the interest you pay on these long-term loans from direct lenders will be higher than what you would typically pay at a bank, bit that is the price you pay for having bad credit. Your credit affects how much lenders charge you in interest. So be prepared to pay more due to your credit issues. If you want to get better loan options, then you will have to build up your credit or improve the other factors that come into play when you apply for a loan, such as your income and debt level. If you can do that, you’ll have some more options made available to you and you should experience better interest rate offers from lenders.

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 loan repayments?

If you can’t keep up with your loan 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 credit file this could make obtaining credit 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.