BAD CREDIT LOAN BROKERS

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Bad credit loans are designed for people who have had issues with poor credit, have suffered CCJs or been blacklisted. These loans - often referred to as 'loans for bad credit'- are offered by brokers who specialise in loans for people with bad credit and can check hundreds of lenders on your behalf. They are also offered by lenders who will lend you a loan directly. Whether you're looking for a secured or unsecured loan, you will usually be considered on these specialist loans whatever your financial history. This is because your bad credit loans broke or lender will know which lenders are sympathetic to those applicants who have had credit problems.

Bad credit loans can even help you rebuild your credit rating which will stand in your favour when applying for financial products in the future. A better credit rating will mean you will be able to borrow more money with lower interest rates. With this in mind bad credit loans are very popular and as such there are many lenders and brokers available for you to choose from which can make the decision process overwhelming.

Make sure you compare all bad credit loans, as the representative APR rate may vary and you may be offered a much better deal if you look beyond the first loans offer. Also note that if you have had problems with repayments in the past, you may find it difficult to keep up now - and end up in a trickier situation than before. Below is a list of providers for companies specialising in 'Loans for Bad Credit'.

Search Report: ALL  Bad Credit Loan Lenders  Bad Credit Loan Brokers

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Lender / Broker

REPRESENTATIVE APR

Representative APR

A Representative APR is a financial service concept in which interest rates quoted through advertising media is required to take into account all charges associated with a product, in addition to the interest rate

LOAN AMOUNT

LOAN AMOUNT

Total amount you can borrow

MIN TERM

MIN TERM

Minimum loan duration

MAX TERM

MAX TERM

Maximum loan duration

FEATURES

FEATURES

List of features of loan

ID REQUIRED

ID REQUIRED

List of ID required to obtain a loan

SUITABLE

SUITABLE

Who the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

The Finance Facility
: The Finance Facility

Broker19%
Representative Example

Representative Example

Total Amount of Credit: £5000; Representative APR: 19.6%; Duration of Agreement: 60 months; Total Charge of Credit: £2881.60; Total Amount Payable: £7881.60 Address: The Finance Facility, Netherley Road, Prescot, Merseyside, L35 1RG

£1,000.00 - £100,000.0012 Months60 MonthsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Initially personal and contact detais.

Suitable For

Suitable For

All borrowers - even with bad credit history, been refused elsewhere, been blacklisted or have CCJs.

Restrictions

Restrictions

You must be a resident of the UK to apply

: The Finance Facility
The Finance Facility do their uppermost to find you the best loan at the best possible APR. They believe in a service thatís, quick, easy to use and highly efficient. They have an abundance of lenders on their system and perform just one credit check and they search all of their lenders on your behalf. If you need a loan they can get it for you. Apply online and you could receive a loan of between £1000 and £100,000 for lots of different purposes. They search all the bad credit loans on their database to find the best one suited to your needs. DETAIL INFORMATION >>Terms

Terms

You must be employment and aged 18 to 65 years


Advantages

Advantages

1. No upfront fees
2. No multiple credit checks
3. Search over 200 lenders for you.


Disadvantages

Disadvantages

1. Fee of £59.95.
2. You can not obtain the fees and charges until you have applied.

First Choice Capital Resources
: First Choice Capital Resources

Broker53%
Representative Example

Representative Example

At 53.9 % APR fixed, £3000 borrowed over 36 months payments would be approx £151.19 per month. The total amount to be repaid would be £5442.84.

£100.00 - £2,500.001 monthUp to 36 monthsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Personal and financial information

Suitable For

Suitable For

All types of borrowers - even those with bad credit history, and CCJs

Restrictions

Restrictions

See website for restrictions

: First Choice Capital Resources
First Choice Capital Resources have tailored a loans service for individuals with bad credit. The application form takes a few minutes to complete and if successful, an unsecured loan could be deposited in to your bank account with payment terms ranging between one and twenty four months. First Choice Capital Resources is a free service and aim to match the right products and services to suit your needs. You create one simple online profile, and they search their entire network for you. You're just a few simple steps away from getting the money you need. DETAIL INFORMATION >>Terms

Terms

Some lenders consider the existence of an active credit and/or debit account as part of their decision making process


Advantages

Advantages

1. Unsecured instalment loans with payment terms up to 24 months
2. Auto Loans
3. Help with existing debt problems
4. Mortgage relief
5. Flexible payments


Disadvantages

Disadvantages

1. Some lenders consider the existence of an active credit and/or debit account as part of their decision making process
2. Unsecured Cash Loan installment offer may take up to 2 weeks to process
3. Maximum borrowing is £2,500

Save Simply
: Save Simply

Broker6%
Representative Example

Representative Example

If you took a loan for £10,000 with a Representative APR of 6.9% fixed and an annual interest rate of 6.9% you would pay £196.56 per month with a total charge for the credit of £1,793.43 making the total amount you repay of £11,793.43

£5,000.00 - £25,000.0012 Months25 yearsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: No
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Name, address, telephone number and more

Suitable For

Suitable For

All types of borrowers - even those with bad credit history, CCJs, arrears, self employed.

Restrictions

Restrictions

: Save Simply
Save Simply can offer secured loans of up to £25,000 and all applications are accepted; whether you have good credit or are looking for loans for people with bad credit. Whether you're employed, retired, unemployed or self employed, Save Simply can find you secured loans. Before you apply for an unsecured loan consider your options and please make sure that you read the terms and conditions carefully to ensure that you fully understand your financial obligations and how the loan works. Be careful when applying for secured loans. DETAIL INFORMATION >>Terms

Terms

The Partners will contact you with loan information. Please note that such information should not be used as the sole basis for your loan decision, and may not meet your particular needs.


Advantages

Advantages

Lots of lenders sourced
Poor credit borrowers considered


Disadvantages

Disadvantages

APR not stated - must apply to receive APR %
APR may be high

Loan Solutions
: Loan Solutions

Broker34.8%
Representative Example

Representative Example

Borrow £1200 and pay £70.10 per month for 24 months. The total charge for credit is £482.30. The total repayable is £1682.30.

£1,000.00 - £10,000.001 month36 monthsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Identification and bank details necessary

Suitable For

Suitable For

For those looking for unsecured loan for people with bad credit

Restrictions

Restrictions

Over 18 years of age
In employment
Has a bank account
Has a stable address
Has checked their ability to repay the loan using our responsible lending working sheet

: Loan Solutions
Loan Solutions has built relationships with a large panel of lenders which means you are almost guaranteed finance, whatever your requirements or circumstances may be. Your online application will be instantly put out to a panel of no fewer than 13 lenders and approval is possible in as quickly as 40 seconds subject to all correct information being provided. They offer you a simple, no fuss application process so you don't get bogged down in finding the right loan solution. Please read the terms and conditions carefully. DETAIL INFORMATION >>Terms

Terms

Please see the website for terms and conditions


Advantages

Advantages

1.Borrow between £1000 and £10000
2.Bad Credit not an issue


Disadvantages

Disadvantages

1. High interest rates apply
2. You will pay a fee equivalent to a minimum of £59.99 or a maximum of 10% of the loan value to provide the services under these terms of business.

Norton Finance
: Norton Finance

Broker17.9%
Representative Example

Representative Example

Homeowner loan borrowing £10,000 over 4 years. Typical APR of 17.9% variable.

£3,000.00 - £75,000.001 year20 yearsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable: N/A
Extention:

Identification

Identification

ID required with bank account details

Suitable For

Suitable For

For those in need of a loan

Restrictions

Restrictions

1.You must be a homeowner with a mortgage
2.The minimum age is 20. The maximum age of any borrower is 75 at the end of the loan term.
3.You must be a resident of England, Scotland or Wales. Residents of Northern Ireland are not eligible for this loan.
4.Loans from £5,000 to £75,000
5.Ensure that your current mortgage plus requested loan amount do not exceed 85% of your overall house value (75% if any adverse credit)

: Norton Finance
Norton Finance are committed to providing the best and most suitable loans for your circumstances. We'll help you decide which type of loan is the right one for you. Whether you are considering secured or unsecured loans, Norton Finance will help you find the loan with the lowest interest rate and the most preferential terms to suit your own personal and individual requirements. Norton Finance have been successfully providing loans to thousands of customers for over 35 years. All their loans are arranged in complete confidence and they pride themselves in the speed and quality of service, from staff with many years of experience who will deal with your loan application swiftly and efficiently through to completion. DETAIL INFORMATION >>Terms

Terms

Some lenders consider the existence of an active credit and/or debit account as part of their decision making process


Advantages

Advantages

1. Wide variety of loans available
2. All loans approved and qualified by compliance teams.
3. Loans from £3000 to £75,000 available


Disadvantages

Disadvantages

1.You must be a homeowner with a mortgage
2.The minimum age is 20. The maximum age of any borrower is 75 at the end of the loan term.

Solution Loans
: Solution Loans

Broker49.4%
Representative Example

Representative Example

Total Amount of Credit: £2,500; Representative APR: 49.4%; Total Charge of Credit: £1890.56; Total Amount Payable: £4390.56

£500.00 - £10,000.0012 Months72 MonthsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: No
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Initially residential and personal details

Suitable For

Suitable For

If you have been refused by other lenders, have a credit problem or do not want to be credit scored

Restrictions

Restrictions

You must be 18 years or older in order to be eligible for this loan

: Solution Loans
If you are one of the growing number of people who are struggling to get unsecured loans or credit then Solutions Loans may be able to help you. Apply online and receive an immediate decision on your application. There are no upfront fees and you can enquire at no cost and at no risk. Even if you have been refused by other lenders Solution Loans has helped a wide range of people to get a loan. Solution Loans is an introducer specialising in arranging no credit check loans - unsecured loans of up to £10000 that do not require the borrower to be credit checked. DETAIL INFORMATION >>Terms

Terms

You must be 18 or over in order to be eligible


Advantages

Advantages

1. No Credit Check required
2. Multiple Loan Options
3. No Enquiry Fees
4. Poor Credit Specialists
5. Repay Early with No Penalties
6. Fast Track Cash in 48 Hours
7. Great Follow Up Service


Disadvantages

Disadvantages

1. You cannot be bankrupt or in an IVA

LOANDROP
: LOANDROP

Broker4214%
Representative Example

Representative Example

Amount of credit £265 for 24 days, Interest and fees are £69.53, Total amount payable £334.53 Representative APR 4214% A credit check is performed when you apply for a PayDay loan.

£80.00 - £25,000.001 month25 YearsFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: Yes
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Initially your residential income

Suitable For

Suitable For

For UK residents with good and bad credit looking for a loan

Restrictions

Restrictions

You must be 18 or older in order to qualify

: LOANDROP
Loan Drop can find you both quick cash in the form of a payday loan of up to £750 or they can lend between £750 and £25,000 depending on your circumstances. Don't be put off if your credit rating is in a bad state. Loan Drop specialise in finding loans for people with bad credit! Loan Drop offer comprehensive loan options. The application process is simple. Just complete the form and get a loan decision in minutes. DETAIL INFORMATION >>Terms

Terms

You must be over 18 and a UK resident.


Advantages

Advantages

1. Comprehensive loan options - Bringing you the best finance options from across the UK†

2. Helping Britain, one person at a time. We have helped thousands of people, let us help you.†
3. 100% safe and private - All data is fully encrypted for your protection†
4. Get a loan for up to £25,000+ TODAY!†
5. Borrow for up to 25 years!


Disadvantages

Disadvantages

1. Not all of these loans are unsecured so there is risk involved.
2. Loan Drop is only a broker service so information is limited.

Kensington Direct
: Kensington Direct

Broker53%
Representative Example

Representative Example

At 53.9 % APR fixed, £3000 borrowed over 36 months payments would be approx £151.19 per month. The total amount to be repaid would be £5442.84.

£100.00 - £5,000.001 Month24 MonthsFeatures

Features

Credit Check: No
Instant Decision: No
Online Application: No
Secured Loan: No
Unsecured Loan: No
Mobile Loan: No
Debit Card: No
Bank Account: No
Repayable: Varies
Extention:

Identification

Identification

Apply with the short, online form

Suitable For

Suitable For

Those who have been refused credit elsewhere

Restrictions

Restrictions

Ask on application

: Kensington Direct
Kensington Direct specialise in loans for people with bad credit! Apply online and you could receive up to £5000 in your bank account today. Receive approval online in just seconds. Lenders accept problem cases and people who have been refused credit elsewhere. Kensington Direct are an ongoing partner in the pursuit of financial products and services that make your life better. Their unique program matches the needs of our customers with the right lenders for instalment loans, payday loans, and merchandise credit lines. DETAIL INFORMATION >>Terms

Terms

Providing your information on this website does not guarantee that you will be approved for a cash advance or loan.


Advantages

Advantages

1. Online approval takes just seconds
2. Lenders accept problem cases and those that have been refused credit elsewhere.
3. Kensington Direct will match your profile with their database of lenders to give you the best offers for your situation


Disadvantages

Disadvantages

1. You have to apply to obtain fees and charged.
2. Poor credit loans are not suitable for long term financial problems.
3. As a condition of extending credit, some, but not all lenders may run a credit check.

PointClickCash
: PointClickCash

Broker3350%
Representative Example

Representative Example

Not available

£100.00 - £25,000.001 Months25 YearsFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: No
Bank Account: Yes
Repayable:
Extention: Dependent on lender

Identification

Identification

Initially personal details

Suitable For

Suitable For

If you have bad credit and need a loan

Restrictions

Restrictions

You must be over the age of 18 years old

: PointClickCash
Apply online now and get the lowest bad credit loans rates and exclusive deals. Apply online in minutes and receive a free no obligation quote. If you have less than perfect credit then it can be hard to get a loan, find out through PointClickCash what options are available to you. You can get a loan for up to £25,000+ today. Quick cash up to £750 or a regular loan £751-to-£25,000. All credit status considered. Just complete the quick online form. Based on your details they will match you with a loan specialist from their panel. DETAIL INFORMATION >>Terms

Terms

There are significant risks associated with investing, loans and mortgages


Advantages

Advantages

1. Get the Lowest Loan Rates & Exclusive Deals
2. Apply in Minutes
3. Free to Apply, No Obligation
4. All Applications Accepted


Disadvantages

Disadvantages

1. The wesbite does not give much information
2. There are significant risks associated with investing, loans and mortgages

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Bad Credit Loans Brokers

What is a Bad Credit Loan?

If you have bad credit but need a loan there are lenders out there that specialise in offering loans for people with bad credit. Bad credit loans are especially designed for those who have been turned away by conventional lenders because of their credit history. These loans are available to all regardless of their financial past, whether you have bad, little or no credit have CCJs, defaults or have been blacklisted. When you take out a bad credit loan you can generally take out more money for more time compared to a payday loan. You will also find that these loans are much more flexible.

Rebuild your credit rating

A great aspect of a bad credit loan is that many of them come with credit rebuilding facilities. This means that by using the loan properly, and making your repayments on time it can help to repair the damage to your credit report which will improve your future chances of borrowing. With the right lender, responsible repayment of a bad credit loan can result in improved rates and conditions over time.

What are the risks?

It is important that you remember that with any loan there is an element of risk involved and if you fail to meet the terms of the loan you could find yourself in a debt problem. With bad credit loans you will find the interest rates can be considerably higher when compared to other types of loans. This is because again the lender sees you as more of a risk. Because you are considered to be more of a risk the exact amount that you can borrow may depend on how bad your credit rating is. It is also worth remembering that if you do not repay the loan you could end up worsening an already low credit score.

Should you go with a broker or lender?

Providers of bad credit loans fall into two categories: brokers and lenders. Bad credit loan lenders will lend you the money directly whereas a broker will find a lender for you. Brokers therefore, have a wide variety of quotes which gives them the opportunity to help people from different financial backgrounds. With a broker you are more likely to get accepted for a loan because they collate different lenders and choose the right loan for your needs. However, brokers often charge a fee for using this service on top of the interest you will pay on the loan which can be expensive.

If you are considering a loan it is worth deciding whether or not you want to use a broker or a lender. Use the table above to fully compare whatís available and always read the terms and conditions thoroughly.

What are the risks associated with bad credit loans?

Bad credit loans are not a long term solution for financial problems so you must ensure you are fully aware of the risks before you commit to a bad credit loan. There could be alternatives that are more appropriate for you so ensure you read the terms and conditions carefully.

BAD CREDIT LOAN BROKERS - LATEST NEWS News and Charts

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