Bad Credit Loans
Listed here are loans for bad credit compared. This type of loan is very broad and thus can feature both secured and unsecured loans. The provider you select will scan the market and find a loan suitable for your status and requirements. When applying for a loan you can receive an instant decision over the internet.
When you apply for a loan, the lender will make a credit check on you. This is achieved by contacting a credit reference agency which retains all details of consumers’ credit scores. There are several factors that can adversely affect your credit score, for example, acquiring County Court Judgements (CCJ’s), noting being on time with previous loan payments, or having frequent searches. Searches are credit checks that are carried out when you apply for credit. If you have too many of these ‘searches’ on your credit record, this shows the likelihood that you have applied for credit on numerous occasions but were rejected.
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| COMPANY | APR REPRESENTATIVE | LOAN AMOUNT | MIN TERM | MAX TERM | TERMS | SUITABLE FOR | SECURED | APPLY |
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23.1% | £200-£15,000 | On application | On application | All credit provisionally approved is subject to status and is not available to persons under 18. You are under no obligation by completing the application form. | People with poor credit history | Yes | |
| Loanfinder offers a range of loans for people who are unable or unwilling to deal with the often inflexible terms of major banks and finance companies due to credit history, CCJ's etc. Loanfinder carry out the widest search of lenders in the UK market and do not charge upfront fees. | AdvantagesAdvantagesWide range of lenders searched
Poor credit past applicants considered
Free credit report
Can borrow as little as £200Disadvantages DisadvantagesTypical APR 23.1% but this is to be expected
Not much information on website - apply to find out more
Borrowers charged one-off fee of between £29 and £68 | |||||||
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15.2% | £1000-£15,000 | 12 Months | 60 Months | Note you must be employed or self empoyed to be eligible. Typical 15.2% APR. Wentworth Direct Finance loans are not available to persons under the age of 18. | All borrowers - even with bad credit history, been refused elsewhere, been blacklisted or have CCJs. | No | |
| Wentworth Direct offer a no-frills service. If you've been refused credit elsewhere, are a problem case, have been blacklisted, or have judgements or defaults against your name, you are still eligible for a loan. Borrow from £1,000 to £15,000 and fill out the online no-obligation application form. Type in the amount you want to borrow, the length of time you would like to repay the loan, and your current employment details (are you currently working, monthly income after tax etc). | AdvantagesAdvantages1. Excellent APR rate of 15.6% for a loan available to those with bad credit.
2. You can apply for a loan even if you have bad credit history.
3. Borrow from as little as £1,000 to £15,000. Disadvantages Disadvantages1. Maximum borrowing is £15,000. | |||||||
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On application | £500 - £25,000 | 12 Months | 25 years | 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. | Poor credit borrowers, retired, self employed or unemployed | Yes | |
| Get free quotes and a loan of between £500 - £25,000 with Save Simply. No matter what you need the loan for, Save Simply accept all applications. Bad credit loans are available to all applicants. | AdvantagesAdvantagesPoor credit history is no problem
Top lenders sourced
Borrow up to £25,000
Disadvantages DisadvantagesMust apply to find out APR
APR might be high
Credit status might play a part | |||||||
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48% | £500-£25,000 | Apply online to view | Apply online to view | Depends on loan type - fill in online form and you will be given your choices. | Those that have been refused by high street lenders and those suffering with credit difficulties such as CCJs, defaults or mortgage arrears. | Yes | |
| Yes Loans specialises in helping those previously refused by other companies and high street lenders. They can arrange unsecured loans for tenants, the self-employed and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears. They even arrange loans for students and people living with their parents. | AdvantagesAdvantages1. Unsecured and secured loans available for any purpose.
2. Adverse and bad credit history accepted.
3. Get a loan evevn if you have had CCJs. Disadvantages Disadvantages1. Typical APR is high at 48% | |||||||
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On application | £200 to £15,000 | 12 Months | 60 Months | CUS4 Loans work with several leading Loan Specialists and send your application to one at a time until your loan is approved. | Tenants, homeowners, self employed or bad credit history borrowers all suitable | No | |
| CUS4Loans can help you to find a lender provider for a range of loans whatever your circumstances - even if you have been turned down for a loan elsewhere or have credit problems. Tenants & Homeowners - Loans £200 to £15,000 approved. | AdvantagesAdvantagesBorrow from £200 to £15,000
Poor credit history no problem Disadvantages DisadvantagesAPR rate only on application
Some brokers may add additional fees | |||||||
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N/A | £250 - £25,000 | N/A | N/A | Loansorters may require information from individuals who apply for our services. On many occasions, we require sensitive information. | All borrowers even if bad credit, CCJs, defaults, self-employed and tenants. | No | |
| Loansorters provide bad credit loans alongside personal loans, tenant and homeowner loans. The company is an independent unsecured personal loan broker based online and deal with leading UK lenders. Loans whatever your circumstances including loans for people with bad credit history. | AdvantagesAdvantagesLots of options
No broker fees Disadvantages DisadvantagesNo APR stated
Not much information | |||||||
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272.2% | £50-£500+ | 23 Weeks | 52 Weeks | Applicants must be at least 18 years of age and a UK resident. Repayment period 23, 31 or 50 weeks. | Those with poor credit who want a quick cash loan | No | |
| Provident Personal Credit is the UK & Republic of Ireland's leading home collected credit company, offering small, unsecured personal loans and other related products. A name you can trust - 125 years in business. Specialise in providing small cash loans of up to £500 to customers from all walks of life. | AdvantagesAdvantages1. 23, 31 or 52 weeks to pay back the loan depending on amount borrowed.
2. Payments collected weekly by an agent to help you budget.
Disadvantages Disadvantages1. APR is quite high, but the loan is mean for a short term cash loan - and is better value than similar products. | |||||||
