BAD CREDIT LOANS - LOANS FOR PEOPLE WITH BAD CREDIT

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Bad credit loans are designed for people who have had issues with poor credit, been refused a loan elsewhere or 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 accepted for a bad credit loan whatever your financial history. 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. Below is a list of providers for companies specialising in 'Loans for Bad Credit'. Weigh up the pros and cons of each lender or broker before you apply to help you find the loan best suited to you and your finances. A bad credit will no longer stand between you and the money you need.

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

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.

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.

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

If you need to borrow money but have a poor credit score bad credit loans could be available to you.

What is a bad credit loan?

Over the past few years it has become increasingly difficult to borrow money. Even if you have a good credit history it can still be difficult to obtain a loan from a bank. Many banks are unwilling to lend to people with bad, little or no credit because they consider them to more of a risk to lend money to. So if you do have bad credit or have been refused a loan elsewhere for any number of reasons what are your options? Due to this issue there are now a wider range of loans for people with bad credit. With so many bad credit loans available make sure you take the time to research.

Secured or Unsecured Bad Credit Loans

A lot of bad credit loans are secured loans. This means that you will have to offer some sort of asset as collateral for the security of the loan which you borrow. In most cases the asset used will need to be your house but this can vary. If you are looking to borrow a considerable sum of money and you have bad credit the lender will almost certainly stipulate that the loan needs to be secured. Unsecured bad credit loans are unusual because of the risk a lender takes in lending to someone with bad credit. Realistically the interest on an unsecured bad credit loan is going to be very high and probably more like a payday loan so be careful. Before taking out a bad credit loan think about whether a secured or unsecured loan is better suited to you and your financial history.

Watch out for the Interest Rates

Interest on bad credit loans is likely to be higher than that of a normal bank loan but if the loan is secured make sure that you compare the interest rates with other companies to make sure that you are getting a good rate on your bad credit loan. There is no such thing as a bad credit loan no credit check. All legitimate lenders will perform some level of credit check in order to determine whether or not they will lend to you. You will find that generally speaking the exact extent of your credit score will be used to determine exactly how much money you can borrow.

Do your Research

If you are getting a bad credit loan make sure that your shop around. Different lenders will offer different rates and some will be better than others. Work out exactly what you need to borrow and try not to go over this amount. Some Bad Credit lenders will lend up to £50,000 but payments on this sort of loan can be very expensive. Work out exactly how much each repayment on your loan will be and make sure that you can afford it. Bad Credit loans are serious financial products and defaulting on these loans will not only damage your credit rating even further, you could risk losing your home. Make sure you read the terms and conditions of any loan thoroughly. It is also worth seeking professional financial advice so that you understand the finer details of your loan.

BAD CREDIT LOANS - LATEST NEWS News and Charts

Loans for people with bad credit

05 February 2013
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If you are having trouble getting credit from the banks then remember that these days this is a common problem.

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27 September 2012 11:00am
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30 July 2012 17:30
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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!

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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.

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What You Need To Know About Bad Credit Loans

10 May 2012 11:00am
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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.

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