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Bad Credit Loans

We understand finding a loan can be challenging when you have bad credit. So, we have created this guide to get you started.


From £100 to £10,000.


Good and bad credit history accepted.


No hidden costs or fees.


Your loan could be paid out in under an hour.


Quick and simple form.

Bad Credit Personal Loans UK Price Comparison
Bad Credit Personal Loans UK Price Comparison

Compare Personal Loans For Bad Credit

It only takes 2 minutes and if approved your loan can be transferred in under an hour.

Representative 99.8% APR (fixed)

Quick & easy form

Our simple form takes about 2 minutes to complete and is 100% secure.


Compare loans

Choose from lenders that have accepted your application.

Speedy payment

If approved, the cash can be in your account in under an hour.

Representative 99.8% APR (fixed). Representative Example: If you borrow £500 over 52 weeks at a Representative rate of 99.8% APR and an annual interest rate of 99.8% (fixed), you would pay 52 monthly instalments of £13.41. The total charge for credit will be £197.32 and the total amount payable will be £697.32.

Bad Credit Personal Loans UK Price Comparison

How to Get a Loan with Bad Credit

Do you need a loan, but are afraid of being rejected due to bad credit? Then you have come to the right place. We understand finding a loan can be challenging when you have bad credit. So, we have created this guide to get you started.

Our guide contains information on the bad credit loans, what to do look for, and tips to help you get a loan despite bad credit.

A bad credit loan is a type of loan created for individuals who have a low credit score. Bad credit can be caused by several financial issues such as late payments, defaults, or even credit cards that are maxed out.

While there are several lenders who offer loans to those who have bad credit, each lender will have their own definition of what is considered a creditworthy borrower. Some lenders are stricter than others, which is one of the challenges you will face when looking for a loan.

Where Can You Get Loans with Poor Credit? 

You will find a wide variety of websites that help people, who have bad credit, obtain a loan. However, not all these sites are reputable. There are sites that offer a wide variety of enticements to attract people to the site. For instance, some loan websites may advertise guaranteed approval, impartial advice, no additional fees, flexile repayment periods and more.

While these could be valuable and cost-saving, the benefits may not work out to your advantage. It pays to be careful in the site and lender you choose to find the best deal for your financial situation.

We created this site with the goal of helping people who have poor credit get the financial products they need. All the lending partners on our site have been chosen specifically to offer value and transparency. In addition, each one appears on the financial services register.

Our goal is to make financial inclusion a reality. We promise to make your experience safe, so you can easily and quickly compare financial products.

Bad Credit Personal Loans UK Price Comparison

Bad Credit Personal Loans FAQs

Where to Get a Personal Loan?

One of the safest places to get a loan is here, on our site. The reason is that each of our lenders appears on the financial services register. This means they are regulated and authorized by the FCA. 

In addition, we believe our site is one of the best comparison sites around. Our goal is to help you find and compare the most affordable personal loans available, no matter your situation. We can also let you know which lenders will accept your application before you even apply. What does this mean for you? You have a better chance of being approved and receiving a loan. 

The quotes offered on our site are free, and we go the extra mile to protecting your personal data. Plus, you are under no obligation to complete the application. Your credit profile will only be soft checked, as part of the application process. Only once you have chosen to finalise the application with a direct lender will you undergo a full credit check. 

Tips to Be Accepted for a personal loan: 

1). Choose the amount you would like to borrow. 

2). Choose the length of the loan (the time you would like to pay the loan back)

3). Click the “Get Accepted” button

4). Fill out the form, which is completely secure and only takes a couple of minutes to complete. The key here is to be as accurate as possible with all income and outgoings. 

5). Wait while we securely send your data to our carefully chosen lenders—this may take about one minute. 

6). After this, the lenders will send back their responses. We will show you the results, which are in order from the cheapest product you are accepted for. 

7). Choose the lender you would like. 

8). Complete your application with the lender. Wait for their decision. If your application is accepted, the funds will be deposited into your bank account. 

That is all there is to it! We have worked hard to make sure this process is as easy and painless as possible.

What Types of Loans are There for Bad Credit?

While we are using the term “bad credit loan,” we need to let you know that there are no specialized loans for people with bad credit. This means, you will not find a list of “bad credit loans” on a lender’s website. Instead, there are different types of online loans that are used for people who have poor credit.

Unsecured loans with bad credit: these are loans that are not covered by collateral. If you cannot repay the loan, the lender will not be able to repossess your property. However, unsecured loans for people with bad credit usually have higher payments.

Loans for the unemployed/self-employed: some lenders will consider granting a loan to those who are out of work/self-employed, or who are receiving benefits. However, someone who does not have a stable income is seen as a higher loan risk. This is because there is a higher chance, they will be unable to repay the loan.

Payday loans: this is a quick loan that grants funds until your next pay day. These are usually for smaller amounts and the term of the loan is also shorter. Payday loans can come in handy when the car breaks down or some other unexpected expense comes along.

The APRs are higher on these loans, and if you miss a payment, the fee is extremely high. Payday loans can easily damage your credit score, lead you deeper into debt, as well as make it more difficult to obtain financial products in the future. It is a good idea to make sure you completely understand the terms for this type of loan. Consider if it is worth getting the loan and if you can truly pay it off on time.

Guarantor loan: is a type of unsecured loan where another person is responsible for paying the debt if you are not able to pay. Guarantor loans make it easier for people who have bad credit to obtain a loan. The lender looks not only at your credit profile but also of your guarantor. In most cases, the guarantor will have a more positive credit score. Lenders look at the guarantor as a lower risk than an individual with poor credit.

No guarantor loans: these are loans that do not require a guarantor; however, you may be required to use your assets as collateral in case you are not able to repay the loan.

What's considered a bad credit score?

Most lenders use the FICO credit scoring system. Their scores range from 300 to 850. The scores on the lower end are considered poor. According to FICO, a bad credit score is usually in the range from 300 to 579.

The FICO score is calculated on these factors:

  • Payment history
  • Amounts owed
  • New credit
  • Credit mix
  • Length of credit history

Each area where your finances do not measure up, your FICO score drops.

How Can I Get a Loan with Bad Credit?

We have partnered with lenders who understand it can be difficult to have a perfect credit score. These days, many people miss payments or have other financial challenges. However, this does not have to keep you from obtaining a loan.

Our application process makes it safe, secure, fast, and easy to apply for a loan. All you need to do is enter your details, then we securely present your data to our specially chosen lenders. In only a minute, we can provide you with a list of lenders who are more likely to accept your application. We will also show you under what terms your application may be accepted.

The loan application is based on the following factors:

  • Your income and outgoings
  • Credit history and score
  • If you rent or own your home
  • If you are a UK resident
  • Your age
  • If you have a UK bank account

Here is how our bad credit loan application process works:

1). Click the “Get Accepted” button.

2). Fill out the online application form and then hit “Continue.”

3). Complete the form, select your marketing preferences, then click the button “Get Accepted.”

4). You will need to wait about one minute while we securely share your data with our chosen lenders. When they have all responded, we will share the results with you.

5). You will be able to review a list of the cheapest offers from lenders who have accepted your application.

6). Choose the best result, then continue to the lender’s website and finish your application.

Keep in mind that the amount you are offered may be lower than for someone who has good credit. This is normal; landers do this because they see people with bad credit has a greater risk. The risk is that you may not be able to pay back the loan.

In addition, if you can provide extra security to your application, this may increase your chances of receiving a loan. For instance, extra security could include adding collateral or a guarantor who has a great credit rating to your loan application.

You can also look for ways to improve your credit score, which can increase the chances of receiving a loan. You may look to provide the electoral registration office with your personal information. Lenders will see you are on the electoral register, which could improve your chances of a loan. Another method to consider is closing credit cards that are not in use, then consolidate your debts and pay them off.

Which Loan Company is Best for Poor Credit?

Just to be honest, there is no single company that is best for those who have bad credit. Each lender makes decisions on an individual basis. So, you may want to change the question to “Which loan company is best for me?” We are here to help you find the answer to that question. 

Is It Possible to Get a Loan with Bad Credit?

Yes, it is possible you can get a loan with bad credit. However, keep in mind that it is hard to find the best product for your financial circumstances. Even so, we believe our application process is the best one to help you find out if you can get a loan. 

Are bad credit loans legitimate?

As with other types of financial products, there are providers who are not reputable. To help you, we have made it easy to find those lenders who are legitimate. All the financial products on our site are legitimate and registered with the FCA (Financial Conduct Authority). 

Why should anyone get a bad credit loan?

When unexpected expenses come along, a bad credit loan can help provide the cash you need. A bad credit loan is for anyone who has a poor credit history, those who are new to the UK, or who have not had many instances of prior borrowing. While these types of loans are not the cheapest, they can be helpful when you need cash to pay for unexpected expenses. 

What banks offer bad credit loans?

Most banks offer bad credit loans, though these are usually more expensive for people who have poor credit. 

What are the advantages of a bad credit loan?

When you have a poor credit history, or no credit history, or if you are new to the country a loan can be helpful. Not only that, but if you do receive a loan and pay it off, then this can help to improve your credit score. Lenders will begin to see that you are financially responsible. 

What are the disadvantages of bad credit loans?

Bad credit loans tend to be more expensive when you have a bad credit score. 

Is it possible to get a bad credit loan without a credit check?

The short answer is no. Lenders always check your credit score to calculate the level of risk you may represent. They will review your credit score, missed payments, and more. Our application process involves a soft credit check. This means that the check will not have an impact on your credit score. Only when you have completed the application will the lender conduct a hard credit check. 

Can a person get a bad credit loan if they have defaulted on accounts in the past?

It may depend on how recent the default occurred. Defaults are wiped off your credit report six years from the date of default. So, you may be able to obtain a loan; however, the lender can ask you to provide more information that shows your account activity farther back. 

Can I apply for a bad credit loan without a guarantor?

Unfortunately, we do not offer no-guarantor products on our site. This is because they have higher APRs, which makes the loan more expensive. 

Are there bad credit direct lenders in the UK that offer guaranteed approval?

No, there are no authorized direct lenders in the UK that offer guaranteed approval. Each lender has the obligation to perform checks on each customer to assess their creditworthiness. If you see another comparison site that advertises guaranteed approval, this is a false statement, and this site should not be trusted. 

Is it better to get a bad credit loan or a credit card?

We are not able to advise which option is best for you. It depends on your financial situation. There are some credit cards that that have rates about the same as bad credit loans. The problem is they could have other fees attached. Then there are credit cards that have higher rates but offer a revolving line of credit. Therefore, research is essential when you are considering taking out a loan or looking to see if a credit card might be a better option. 

Can I get a bad credit loan with previous CCJs on my credit history?

Yes, you can apply for a loan with previous CCJs (County Court Judgements). However, keep in mind that having CCJs on your credit history may decrease the number of lenders who are willing to take on the risk of giving you a loan. 

Can I get a bad credit loan if I have been declared bankrupt?

Yes, but it is much harder to get a bad credit loan if you have been declared bankrupt. Keep in mind that if a lender agrees to give you a loan, the amount will probably be small. And if you are discharged from a bankruptcy, you can still obtain a loan. But it is more challenging to find lenders who will accept your application. This is also the case if you are still within the six-year period from the date of bankruptcy. This will show up on your credit report.

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 Borrow from £300 to £10000 Choose between lenders who have accepted your application. Absolutely no fees, ever.