BAD CREDIT LOAN LENDERS

Download to Excel

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

Provident Personal Credit
: Provident Personal Credit

Lender399.7%
Representative Example

Representative Example

£200 loan repayable over 32 weeks
32 weekly payments of £10.00
Rate of interest 97.5% p.a. fixed;
Representative 399.7%APR
Total Amount Payable is £320

£50.00 - £500.0023 Weeks52 WeeksFeatures

Features

Credit Check: Yes
Instant Decision: No
Online Application: Yes
Secured Loan: Yes
Unsecured Loan: Yes
Mobile Loan: No
Debit Card: No
Bank Account: Yes
Repayable: 399.7%
Extention: Not permitted

Identification

Identification

You will require proof of ID, address and income. National Insurance number may be required.

Suitable For

Suitable For

Those with poor credit who want a quick cash loan

Restrictions

Restrictions

You must be over the age of 18 years old.

: Provident Personal Credit
Provident Personal Credit is in the business of helping people manage small, unsecured credit, when they need it. Provident and their agents pride themselves on making sure that the loans are manageable and easy to understand. That way you stay in control of your finances. They offer loans that are not as short term as most payday loans - with only 14 weekly repayments their budget loan is perfect for paying those unexpected bills, emergency home repairs or anything else that might crop up out the blue.Provident Personal Credit is authorised and regulated by the Financial Conduct Authority, Interim Permissions Reference Number: 002529. DETAIL INFORMATION >>Terms

Terms

Applicants must be at least 18 years of age and a UK resident.


Advantages

Advantages

1. You could have £50 - £500 within days
2. Even if you have a poor credit history
3. If you want to join our 1.8m happy customers
4. Our agents are all friendly, helpful local people


Disadvantages

Disadvantages

APR is quite high, but the loan is mean for a short term cash loan - and is better value than similar products.

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

Compare Bad Credit Loans Lenders

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.

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 is the difference between lenders and brokers?

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 drawbacks of Bad Credit Loans?

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.

If you decide to take out a secured bad credit loan, where you have to put up an asset that is used as collateral against the loan, you can see lower interest rates. However, this does mean that should you default on your repayments you risk having this asset, which is usually your home or car, seized.

BAD CREDIT LOAN LENDERS - LATEST NEWS News and Charts

Loans for people with bad credit

05 February 2013
Which Way to Pay

If you are having trouble getting credit from the banks then remember that these days this is a common problem.

READ ARTICLE

Lenders Direct

27 September 2012 11:00am
Which Way to Pay

New Product! With Lenders Direct, you are just a few minutes away from finding your ideal loan from the UK's biggest selection of exclusive loans and lenders.

READ ARTICLE

Loan Solutions

30 July 2012 17:30
Which Way to Pay

New Product! Now available at Which Way To Pay, Loan Solutions offer Bad Credit Loans, Payday Loans, Consolidation Loans, Unsecured Loans and Secured Loans. Whatever your financial requirements they can help find the one solution thatís right for you!

READ ARTICLE

Finding It Hard To Get To Get A loan Due To Your Credit History?

25 June 2012 14:30
Phoebe Robinson

Got a Bad Credit rating and worried about not being able to get a loan? Well there is no need to panic, these days there are many of you with bad credit histories so there is now a financial product available to help you ensure a loan. A bad credit loans are around to accommodate those of you with negative credit history.

READ ARTICLE

What You Need To Know About Bad Credit Loans

10 May 2012 11:00am
Jack Stupple

People with bad credit will often struggle to get approved for the money they want or need through most banks because are unwilling to lend to people with any less than a perfect financial past. However, there are bad credit loans special loans offered to those who have been turned away by conventional lenders because of their credit history.

READ ARTICLE