Poor Credit Loans
Looking for a loan but have poor credit? We specialise in helping people get access to a range of loans, no matter what your credit score.
- Personal and Homeowner loans
- All credit histories welcome
- No upfront fees
49.9% APR Representative (variable)
Try our loan calculator to see what your payments could be
The amount we show you is just an estimate. To get a personalised quote, we’ll ask for a few more details.
Estimated monthly payments:£0
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Representative Example: If you borrow £19,200 over 8 years, initially on a fixed rate for 2 years at 5.39% and for the remaining 6 years on the lender's standard variable rate of 4.99%, you would make 24 monthly payments of £280.36 and 72 monthly payments of £277.16. The total amount of credit is £21,824; the total repayable would be £26,684.16 (this includes a Lender fee of £320 and a Broker fee of £2,304). The overall cost for comparison is 9.04% APRC representative. This means 51% or more of customers receive this rate or better. We have found loans with rates from 2.6% to 26.3% APRC which has allowed us to help customers with a range of credit profiles.
Representative Example: If you borrow £1,800 over 24 months at an annual interest rate of 41.2% (fixed), Representative 49.9% APR, you would pay £111.28 per month. The total amount repayable will be £2670.72
Frequently asked questions
What can I use a poor credit loan for?
Once the money hits your account it’s yours to spend as you see fit. So, whether you want to make some home improvements, need a new car, or decide to consolidate your debts, it’s entirely up to you.
Can I still get a loan if I’ve missed payments in the past?
Missing credit repayments in the past is one of the main reasons people end up with a less than perfect credit record, and so a poor credit loan could be the ideal fit.
It’s not the end of the road though. If your credit report isn’t as peachy as you’d like our panel of lenders have loans designed for people like you so while it might be harder, it’s not impossible.
Will this loan affect my credit score?
Initially, yes. Because you’ll be increasing the amount of debt in your name a poor credit loan will have a short-term negative effect on your score. But, keep up with your repayments on time and in full, and you’ll start to build it back up over the duration of your loan.
Will a poor credit loan be more expensive?
In order to take the plunge and lend to someone with poor credit lenders generally charge more in interest to compensate for that risk, so your loan might cost you more than someone with a pristine record.