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Representative 305.9% APR. Representative Example: Loan Amount - £400 | Borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly installments of £187.31.
Interest charged is £161.92, interest rate 161.9% pa (variable)

Very Bad Credit Loans

Do you need a quick loan but feel like your bad credit history will be an obstacle? If so, you might need to consider looking for a loan for people with bad credit.

Bad credit loans have higher interest rates but are quick to process and if you maintain timely payments, they can help to improve your credit rating. These loans are available for any amount from £200 to £1,000 and more. If approved, you will receive the money on the same day or even within a few hours.

However, before you apply for a bad credit loan, it is important to understand a few facts about this type of credit. With the right knowledge, you’ll be able to get very bad credit loans with the best possible interest rates.

Thousands of people across the UK are already benefiting from such loans regardless of their poor credit ratings.

loans for people with very bad credit rating

Can bad credit prevent me from getting a loan?

Well, not necessarily. Bad credit is one of the reasons why most people choose not to look for loans. The fear is probably because of having been turned down previously by banks and other financial institutions due to their less than satisfactory credit rating.

You don’t need to feel like all doors are closed because there are lenders ready to provide you with loans whether you have perfect or flawed credit. A majority of lenders will look at your application favourably even if you had previous credit problems but you are currently working to improve your credit.

What exactly are bad credit loans?

These are unsecured loans provided to people with poor credit. They are bad credit loans that lenders give as long as you can prove that you have good income from a job or other benefits and you can comfortably pay back the loan from your salary or income.

Keep in mind that you will be asked to provide the lender with copies of your bank statements or payment slips to prove that you have a steady income and are capable of repaying back the loan. No guarantor is required in a bad credit loan.

You can even apply for the loan if you are unemployed but have a source of income or financial benefits that guarantee your ability to pay back the loan.

How expensive are very bad credit loans?

Bad credit loans are basically a form of unsecured borrowing which makes them more expensive than secured loans.

The amount of interest charged on your loan will depend on several factors such as the lender you choose and your personal financial circumstances. However, you can easily do a comparison of different unsecured loan lenders to find one with the lowest interest rate.

At, we connect you with a wide range of lenders which the best terms and interest rates for unsecured bad credit loans.

What are the advantages of bad credit loans?

A very bad credit loan has several advantages including the following:

  • You get the loan regardless of your bad credit rating
  • It has a fast and easy approval
  • The money is transferred to your bank account on the same day or in a few hours
  • You can borrow £1,500 or more
  • You can use the loan for any purpose
  • It doesn’t come with hidden fees

How fast can I get the money in a bad credit loan?

After your application is approved you will have the money in your bank account on the same day and sometimes even within a few hours.

The application process involves a quick and simple to complete online form that most people normally take two to three minutes to complete. After you complete and submit the application form, you will get an instant decision about your application, whether it has been approved or not.

At, we connect you to bad credit loan lenders who can process your application and send the money to your account promptly so you can take care of any financial emergency issue you may be having.

Do I need to improve my credit rating before I apply for the loan?

You don’t need to work on your credit score first if you are in a hurry to get a quick loan for an emergency situation.

If you are not in a hurry, you can always check your credit score and take time to improve it before you apply for the loan. This will ensure that you get faster application approval and better interest rates.

After improving your credit rate, you can even a