Bad Credit Unsecured Loans

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 Unsecured Loans

If you have a poor credit history and do not own your own home, then when looking to borrow money you might have to consider bad credit unsecured loans. These are specifically for people who have a damaged credit record but have good enough credit ratings to be able to apply for an unsecured loan - even homeowners with bad credit could - who could get adverse credit homeowner loans- often opt for an unsecured loan because it means they do not have to put their home at risk if they default on the repayments. People with a very bad credit history might not be able to get an unsecured loan, and will only be able to borrow if they own a home or are able to pay very expensive interest rates.

Also, by keeping up with repayments on a bad credit unsecured loan, you will be able to start rebuilding your credit history by proving that you have become more creditworthy, and therefore become eligible for better deals if you need credit again in the future.

Advantages of bad credit unsecured loans:

  • Can help you to rebuild your credit history
  • Allows you to borrow money if other avenues are closed
  • Competitive fixed rates available

Disadvantages of bad credit unsecured loans:

  • Interest rates are higher than on mainstream loans and bad credit secured loans
  • You can damage your credit further if you miss payments
  • You might not be able to borrow as much as with a homeowner loan

How much do bad credit unsecured loans cost?

If you have a bad credit record but you own your own home, you can secure your borrowings against your property and get a lower rate than with an unsecured loan, but you open yourself up to the risk that if you do default on your repayments, your home could be repossessed. A bad credit unsecured loan generally costs more than a secured loan, but the risk is much lower. Also, you will get a fixed rate so you will know how much it will cost in the long run and how long it will take to repay it. Because bad credit unsecured loans have variable interest rates, it can take longer than expected to repay and cost more than you thought. With a bad credit unsecured loan, you might pay a higher interest rate, but at least you know where you are and that they payments and term will not change.

How do I know if I am getting a good deal on bad credit unsecured loans?

The best bad credit unsecured loan for you will depend on your needs, such as how much you want to borrow, over what term, and exactly how bad your credit status is. To find the best loan for your situation, use the tables above to help you find you a the best deal for your circumstances and requirements.

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.