Bad Credit Loan Companies

Compare Bad Credit Loan Companies

Featured Loan Deal - Adverse Credit History
ProviderLoan AmountCredit HistoryRates FromTerm 
£1,000 to £20,000All Credit Histories Considered49.7%

APR
Representative

1 to 4 YearsGet Quotes >
Rebuild Your Credit. Interest rates start from 9.3% APR. Instant Online Decision using 'soft' credit searches. Representative Example: If you borrow £3,000 over 3 years at a rate of 41.0% per annum (fixed) you will repay £146.09 per month & £5,259.11 in total.
£1,000 to £20,000All Credit Histories Considered99.90%

APR
Representative

1 to 2 YearsGet Quotes >
Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application. Fixed monthly repayments. Instant Online Decision. Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.
Adverse Credit History Loans - Up to £20,000
LenderMin - Max LoanCredit HistoryRepresentative APRTermApply
£1,000 - £20,000Poor Credit48.50%1 to 5 YearsGet Quotes >
  • Interest Rates from 19% - 99% 
  • Rebuild Your Credit
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 48.50% - Based on an assumed loan amount of £3,000 over 12 months at an interest rate of 48.50% p.a. (fixed) you would pay £670.83 a month and £3,670.83 in total.

£1,000 - £10,000Bad Credit Considered79.40%1 to 5 YearsGet Quotes >
  • Fixed Interest Loan Rate
  • No set up charges
  • Instant Online Decision
  • Must be aged 18 to 65
  • Early redemption charges
  • Must have monthly income of over £700
  • Must be UK resident

Representative Example: APR is 79.4% (variable) so if you borrow £3,000 over 2 years at a rate of 59.9% p.a. (variable) you will repay £217.24 per month & total amount payable £5,213.68.

£1,000 - £3,000 (Tenant Guarantor Loan)Good to Poor69.9%1 to 3 YearsGet Quotes >
  • Same day decision
  • No set up fees or charges
  • Any bad credit considered
  • Need a Tenant to act as guarantor
  • Must be aged between 18 and 65

£2,000 over 3 years, representative 69.9% APR fixed. Monthly payment £113.47. Annual interest rate 45.84% fixed. Interest payable £1,884.92. Broker fee payable £200.00. Total repayable £4,084.92.


UK Credit is a specialist no fee guarantor loan provider. All bad credit considered. Please only apply if you have a TENANT AS YOUR GUARANTOR. This type of loan is good for consolidating more expensive credit.

£1,000 - £5,000Poor Credit99.9%1 to 2 YearsGet Quotes >
  • Interest Rates from 35.9% - 99.9%, depending on the information you provide in your application  
  • Fixed monthly repayments
  • Instant Online Decision
  • Must be aged 18
  • Must be UK resident

Representative Example: The Representative APR is 99.9% - Based on an assumed loan amount of £1,500 over 24 months at an interest rate of 71.3% p.a. (fixed) you would pay £118.88 a month and £2,853.12 in total.

Bad Credit Loan Companies

If you have an adverse credit history, having damaged it with late payments, CCJs or by getting into arrears, then you could still get a competitive loan from the range of bad credit loan companies that will offer credit but based on your personal circumstances and your credit rating.. There is a growing number of specialist bad credit loan companies as a result of the rising demand for competitive loans for people with a existing bad credit history.

Benefits of bad credit loan companies:

  • They could offer better rates than mainstream providers
  • People with bad credit can still borrow
  • Bad credit borrowers can rebuild their credit score

Some people with bad credit simply would not be able to get a loan if there were no companies that specialised in lending to them, or they would be forced to borrow at a much higher rate of interest from a high street loan provider. The rates you are offered will depend on a number of factors, such as how much you need to borrow, over what period of time, and whether or not you are a homeowner. Bad credit secured loans may provide a better option - depending on your circumstances - than bad credit unsecured loans because the lender's risk of the borrower defaulting on repayments is reduced. Lenders will also consider much higher sums on homeowner loans because they know they have a security over your property. If you are a homeowner with an adverse credit history you must consider the fact that although securing a loan against your property will mean lower rates, if you do fall into arrears you could lose your home.

Drawbacks of using bad credit loan companies:

  • They can charge a lot more than if you had good credit
  • It can take longer to repay the loan because of higher interest
  • You can damage your credit rating further if you default

How to find the best deals from bad credit loan companies:

  • Decide how much you need to borrow
  • Only borrow as much as you need
  • Compare interest rates

To find the best deals available to you from a range of leading bad credit loan companies see a selection of loan deals in the table above.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.