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NO HIDDEN COSTS
What is a Bad Credit Loan? A chance for an improved credit rating!
“I need a bad credit loan” is the trend in the UK. Most people here, or about 70%, are struggling to keep their credit score at an acceptable level due to their excessive use of credit cards.
The mainstream lenders are always the number one hope for many, but they may deny your loan application due to poor credit history.
In order to get their loans accepted, many people are looking forshort term loans for bad creditfrom direct lenders in the UK. Here they can spot a chance for credit approval with little impact on their past creditworthiness.
Bad credit loans can be said to be a suitable alternative for failed loans. These are specially made for people who have less than perfect credit scores due to past failures.
You may want to know how credit approval comes about in these types of loansshort-term loans from a direct lender. Well, these loans are approved based on applicants' income facility.
If you are looking for the best bad credit loans in the UK, CashFacts offers bespoke loan offers that stand out with these key features:-
Relaxed credit check
Don't worry about your bad credit as we perform a gentle credit check that won't affect your credit file.
Competitive interest rates
It is your creditworthiness that worries you above all about high interest rates. Our offers are based on competitive interest rates.
Apply without a credit score
Worried about no credit history? CashFacts continues to open the doors to loans with poor credit ratings and flexible terms.
What are the advantages and risks of online loans with bad credit?
There are always some pros and cons when applying for a bad credit bureau short-term loan or a bad credit bureau long-term loan. As a borrower, you should know about this, and as a responsible credit provider, we feel compelled to educate you about all the ins and outs.
- Regular repayments can improve your credit score
- Despite the low credit rating, you will receive almost the guaranteed commitment
- If you choose small financing, no collateral or guarantor is required
- There is no additional fee to be paid when availed from trusted lenders
- If the repayment fails again, your credit rating drops from bad to very bad
- The lender always doubts your ability to repay
- Long-term financing may not be possible with these loans
- These are the UK high interest bad credit loans that can add extra strain to your finances
What loans can I get if I have bad credit?
CashFacts is the UK's most responsible private lender and always follows real lending guidelines. As part of our lending standards, we have introduced a wide range of affordable bad credit lending products. You can apply any of them according to your needs:-
|student loans||Apply online now and get loans at competitive rates to manage your extra income.|
|Car loan with bad credit bureau||Close the financing gap when buying a new vehicle without fear of past credit failures.|
|home loan||Never miss the dream of a new home. Get adequate funding support with these loans.|
|installment loans||Don't miss the chance to improve your credit score by paying off loans in convenient monthly installments.|
|Online Debt Consolidation Loans for Bad Credit||It's time to pay off all your debts at once. Consolidate debt and live a stress-free life.|
|Business loans||Easily manage necessary or unexpected business expenses with our tailored loan offerings.|
|Bridging loan for bad credit||Close the financing gap when buying the property by applying for our credit-neutral bridging loan.|
|renovation loan||Do you need money to renovate your house? We will do this for you without naming your bad credit.|
|Wedding loans for bad credit||Keep doing your shopping for the upcoming auspicious occasion of your life. Apply for these loans for any wedding purpose.|
|Loans for pensioners with bad credit bureau||Never fill up on tight funds while living on a pension. Despite the low credit rating, we have exclusive offers for you.|
Unsecured and secured bad credit loans
There are two types of personal loans for bad credit in the UK: unsecured loans and secured loans. Both options make sense depending on the financial needs and capabilities of the borrowers. We have tailor-made offers for both of these options, and the features include:-
Unsecured loans with bad credit
- No risk of losing collateral
- Competitive interest rates
- Income based permit
- Flexible loan repayments
- Loans on affordability
Secured Loans with Bad Credit
- Borrow large amounts
- Low interest rates
- No guarantor needed
- Use for Business Purposes
- 99.9% approval rate
An important clue:No lender can promise to offer the bad credit loans without a credit check and guaranteed approval. However, we only grant loans based on the borrower's ability to repay, but on the monthly income, not on the savings.
What are your options if a bad credit loan is declined?
Financing options are very few if you have a bad credit history. In such a scenario, you often explore the search engines by saying, "Where can I get a bad credit loan?". Traditional lenders prefer people with good credit histories as they have a trustworthy record of loan repayments.
People with bad credit have a lot to struggle with. Fortunately, they have an alternative in the form of bad credit loans from a direct lender.
IdealDebt Consolidation Loans: People with bad credit often struggle to manage their outstanding debt. Getting help from direct lenders can also solve this problem.
- Consolidate all debt into a single loan
- Pay one interest rate instead of many
- Start a new financial life with itPersonal loans for debt consolidation
- Come online to fill out a one-page form
- Submit the form and receive an instant loan offer
- A same day loan with bad credit is not a problem
- Borrow according to your ability to repay
- No chance to miss repayments
- Credit approval also on part-time income
- Choose your own repayment schedule
- Minimum Prepayment Fees
- Appropriate Late Repayment Scheme
100% online procedure:The main benefit of borrowing from a direct lender is that you can apply for the bad credit loan by sitting at home.
Credit on affordability:We operate responsibly in the UK market and are committed to providing credit at affordable rates.
Flexible repayments:There is no fixed monthly rate. Unlike other lenders, we give you the option of flexible repayments.
Can I get very bad credit loans on terms similar to bad credit loans?
We are the new age lender and we have opened our credit doors to people with negative credit ratings. If you are also in the same category andWant to get loans without a guarantor from a direct lender, get in touch with us quickly.
The application process is the same, i.e. online. No documentation is required and approval is easy if all goes well with your application.
These loans will be available at high interest rates but may be approved for those with a County Court Judgment (CCJ), bank failure, or missing repayments. All offers are subject to a mandatory credit check to ensure affordable offers.
Why choose CashFacts for UK bad credit loans?
Loans with high acceptance for people with bad credit cannot be guaranteed. CashFacts comes as their last hope. We provide financial support with our personalized loan offers and free counseling to ensure the overall financial growth of our borrowers.
Our commitments are:-
- Affordable Loans
- Instant Credit Approval
- Same day payout
- Improving the creditworthiness of borrowers
- Fulfillment of personal and business needs
Everything is in your hands to do everything.Apply nowfor bad credit loans to get approval today and get the funds you want.
frequently asked Questions
Can I get an emergency loan if the credit bureau is bad?
Yes, you can get an emergency loan even though you have bad credit. All you have to do is fill out an online application form with your authentic details. The direct lender can offer flexible interest rates if you have a good source of income. Finally, with an easy repayment mode, the direct lender has also reduced repayment stress.
How do I get a day loan with a bad credit bureau?
You can apply for payday loans. The direct lender can provide you with this borrowing for your daily needs. It is considered as a short-term loan that comes with an automatic deduction feature on the day of your salary. Don't worry about low credit score, it won't be an obstacle for you.
What are the best personal loans for bad credit?
There are two types of the best personal loans for a bad credit borrower, one is a bad credit loan and the second is a debt consolidation loan. You get these two loans with flexible features and with an easy repayment mode.
What are the Best Loans for Bad Credit?
You can apply for any unsecured credit policy if you have bad credit. Analyze your situation and get approved the best credit policy for your situation.
Can I get a loan with a bad credit bureau and without a guarantor?
Yes, you can get a bad credit bureau loan without a guarantor. Since these loans come with a small amount of money, the lender does not require a guarantor or collateral. However, due to the high risk of default, they may charge slightly higher interest rates than with a normal personal loan. Bad credit loans without a guarantor have a short repayment period. They usually require you to pay back all the money in one lump sum. Therefore, you should be careful with your borrowing needs. Try to avoid borrowing more money than you can afford. It is usually recommended that you analyze your ability to repay before applying for these loans.
Can I get a bad credit bureau loan?
Yes, you can get a bad credit, but at the same time you should have a good source of income. Lenders are willing not to check your creditworthiness based on the capability of your monthly income. If it's strong enough, you might not need a sponsor either.
Who offers loans with bad credit bureau?
Both traditional lenders and online lenders offer loans to people with bad credit. However, when it comes to speed and flexibility, the latter option of direct lenders is relatively better. They can provide loan offers with competitive interest rates and acceptable repayment terms. Some lenders also do not charge upfront fees from borrowers.
Are Bad Credit Loans Safe Online?
Yes, bad credit online loans are safe if you get them from a reliable direct lending company. When looking for the lender, keep a few things in mind:-
- You get an affordable amount;
- There are no hidden fees or surprising costs;
- Soft or no credit check is available;
I want bad credit loans in my area. Does CashFacts offer?
Yes, we're doing that.
Get a loan offer
What is the easiest type of loan to get with bad credit UK? ›
It can be easier to get a secured loan if you have poor credit because the bank has an asset to use as collateral. Typically, this is your home, but it could also be your car.
Wizzcash have been trading since 2012 and are a direct payday loan provider. Wizzcash is a trading name of Emergency Cash Ltd, and they pride themselves on providing an easy-to-use service and responsible lending.What is the easiest loan to get approved for? ›
The easiest loans to get approved for are payday loans, car title loans, pawnshop loans and personal loans with no credit check. These types of loans offer quick funding and have minimal requirements, so they're available to people with bad credit.Which lender is best for bad credit? ›
- Avant. Avant: Best for quick funding. ...
- Happy Money. Happy Money: Best for few fees. ...
- LendingClub. LendingClub: Best for using a co-borrower. ...
- LendingPoint. LendingPoint: Best for loan-term flexibility. ...
- OneMain Financial. OneMain Financial: Best for secured loans. ...
- TD Bank. ...
- Upgrade. ...
Yes. There are lenders that offer loans for £500 without the need for a guarantor. It's worth noting that if you have bad credit but can provide a suitable guarantor, your chances of being accepted for a loan are likely to increase and the interest rate you are offered is likely to be lower.What is the easiest company to get loan UK? ›
- THL Direct. THL Direct offers quick, short-term loans from £125 to £500 with 0.8% daily interest on the amount you borrow. ...
- Sunny. ...
- Lending Stream. ...
- Creditstar UK. ...
- Myjar. ...
- Cashfloat. ...
- Mr Lender. ...
LoanPig is a direct lender and credit brokering firm that specialise in offering short-term loans to consumers. LoanPig is a trading name of The Money Hive Limited and provide opportunities to apply for short-term loans to working people who may have a poor credit history.Is Modo loan a direct lender? ›
MODO LOAN - Borrowers searching for no credit check loans because of their bad credit score can apply for a loan at Modo Loan. This company is not a direct lender but a middleman between borrowers with different credit scores and professional lenders.Is Fiona a direct lender? ›
Remember that Fiona is not a direct lender, so the loan application process may vary based on which partner lender offers the best loan for you. Once you find the right loan provider and loan on Fiona, you'll be directed to the lender's website to complete the application process.Can you get a personal loan with a credit score of 500? ›
You can get a personal loan with a 500 credit score if you have a steady source of income! A lender may extend a loan offer if you can provide proof of your ability to make monthly payments on time. Credit scores are typically one of the main qualifying factors for loans.
What is a hardship loan? ›
A hardship loan doesn't have an official definition, but many personal finance institutions may offer their own version of hardship loans. At its core, a hardship loan is a loan that can help you get through unexpected financial challenges like unemployment, medical bills, or caregiving responsibilities.What is the lowest credit score you can have and still get a loan? ›
Generally, borrowers need a credit score of at least 610 to 640 to even qualify for a personal loan.What is the easiest type of loan to get with bad credit? ›
The easiest loans to get approved for would probably be payday loans, car title loans, pawnshop loans, and personal installment loans. These are all short-term cash solutions for bad credit borrowers.Is it possible to get a loan with very bad credit? ›
Having a bad credit rating doesn't mean you can't get a loan. It just means that it's more difficult for you to find credit at the most competitive prices. That's why secured bad credit loans are sometimes popular because they offer people with poor credit a loan that isn't so dependent on credit scores.How to get a loan with no credit and no cosigner? ›
- How to get a personal loan with no credit and no cosigner:
- Get a secured personal loan. Your credit, or lack thereof, doesn't matter as much when you put up collateral to secure a loan. ...
- Take out a credit-builder loan. ...
- Use your home equity. ...
- Borrow from someone you know.
More often than not, lenders consider applicants with a score of 670 and above, as 'lower-risk' borrowers. Applicants whose score lies between 580 and 669, are usually considered 'sub-prime', implying that they may not be eligible for better loan terms.What is the minimum credit score in UK? ›
Their scores range from 0-999. A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: https://www.experian.co.uk/consumer/guides/good-credit-score.html).What is the most used credit score UK? ›
The Experian Credit Score is the UK's most trusted rating* – a good Experian Credit Score is likely to mean you have a good credit score with companies. It's based on information in your Experian Credit Report, and runs from 0-999.Can I get unsecured loan for UK? ›
Secured and unsecured education loans are available from the public/private banks,NBFCs, and international lenders for studying in the UK. The loan terms and conditions vary with the loan lender and type of education loan.Can I Get loan Online UK? ›
Yes, like many other online short-term lenders, we offer instant loans in the UK. If you are a new customer looking to borrow money, we aim to have the loan in your bank account within 25 minutes of the initial loan application.
Can foreigners apply for loan in UK? ›
Can foreigners get loans in the UK? Absolutely – you don't need to have a UK passport in order to access credit in the UK. However, most lenders will only consider applicants who have been in the UK for a reasonably long time – in general, a year at the very least, but usually more than that.Are Satsuma loans still trading? ›
If people still want to make a claim to the Scheme of Arrangement for Satsuma or Provident Loans, they have until the end of February 2022 to do so. The Scheme also covers Glo and Greenword Personal Loan customers.What type of loan is FIG loans? ›
A Fig Loan is an installment loan, where all payments are the same size and the interest rate remains the same over the loan term (fixed interest rate). An average Fig Loan is paid off in equal payments over a period of 4 months.Is wageme a direct lender? ›
Updated Aug 5, 2022 . Launched in 2012, Wageme is an online-only, direct lender of short-term payday loans, designed to tide you over until your next paycheck. It offers a flexible service where you can choose exactly how much money you need and the date on which you'll pay it back (to match up with your next payday).Is Zippyloan a direct lender? ›
Zippyloan is not a lender or a bank. Instead of directly issuing loans, Zippyloan is a marketplace that connects people with all credit types, including poor credit, to lenders. If your credit isn't great, a service like Zippyloan may be able to help you find a loan.Is oppo a direct lender? ›
As a direct lender, we are able to approve your loan application and pay it straight into your nominated account. We perform a soft credit check that leaves no mark on your credit score to give you an instant decision on whether or not you qualify.Is SuperMoney a direct lender? ›
SuperMoney is a financial marketplace where users can compare business loans, personal loans, credit cards, banking, at mortgage services from various direct lenders. Founded in 2013, the platform launched a student loan refinance marketplace in November 2018.What credit score needed for Fiona? ›
Is Fiona for you? Fiona is an excellent tool for people wishing to compare multiple personal loan offers quickly. It is available to individuals with any credit score but is best for those whose score is above 620. It is possible to borrow with a score as low as 580, but you may get only one offer.What type of loan is drafty? ›
Drafty is a flexible, easy-to-use alternative to loans, overdrafts and credit cards. Our line of credit offer's a fresh perspective, helping you boost your finances while staying in control. We believe there is more to someone than just their credit score, meaning you can apply even if you have bad credit.
It's easy to compare personalized offers with Fiona
Our service is free and will NOT affect your credit score.
How to borrow emergency money? ›
- Borrow from friends or family. ...
- Open a credit card with 0% intro APR. ...
- Take out a home equity loan or home equity line of credit (HELOC) ...
- Ask your employer for a paycheck advance. ...
- Ask about hardship programs. ...
- Medical repayment plans.
You'll typically need a score of at least 550 to 580 to qualify for a personal loan. You can find personal loans for bad credit, but: You'll likely pay a higher interest rate than other borrowers.What is the minimum credit score for JG Wentworth? ›
While J.G. Wentworth doesn't display credit requirements outright on its website, usually the rule of thumb is around 700 FICO score to qualify for a conventional loan and 620 as a minimum for some government-backed loans.What is the easiest government loan to get? ›
If you need help paying for school, federal student loans (under the Direct Loan program) are probably your best option. They are easy to qualify for, they have competitive rates, and they offer flexibility when you're getting on your feet (and when you face financial hardships in life).Who is eligible for hardship fund? ›
Students in low income families. This will normally be families with a household income of less than £18,000 or families who are claiming Universal Credit or other means tested benefits.How much of a loan can you get with 500 credit score? ›
How much of a loan can you get with a 500 credit score? If you are looking for a personal loan, some lenders provide them for borrowers with a 500 credit score. You can borrow up to $10,000 through some of these companies. Three of these companies that you can try are MoneyMutual, CashUSA, and CreditLoan.What can I get with a 500 credit score? ›
- Capital One Platinum Secured Credit Card: No credit history. ...
- Petal 1 “No Annual Fee” Visa: No credit history. ...
- Discover it Secured: No credit history. ...
- Petal 2 “Cash Back, No Fees” Visa: No credit history. ...
- Mission Lane Visa: Bad to fair (300-670)
You can borrow anywhere from a few thousand dollars to $100,000+ with a 550 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.How can I get a loan with bad credit and no credit? ›
Your options to get a loan with no credit and no co-signer include credit-builder loans, secured personal loans and home equity loans. But you won't be able to qualify for regular personal loans without collateral because they usually require a 600+ credit score and a few years of credit history.Why is it so hard to get a small loan with bad credit? ›
A low credit score tells a lender you may have struggled to make payments toward credit cards or other debt in the past, so the lender may be taking on more risk by loaning you money. This would cause the lender to deny your application or approve a small loan at a high annual percentage rate.
How can I get a instant loan with a low credit score? ›
- Prove that your income can support EMI payments. ...
- Ask for a lower personal loan amount. ...
- Apply with a co-applicant or secure a guarantor. ...
- Correct mistakes in your credit report. ...
- Request your lender to consider your case with a NA or NH in your credit report.
Provident specialises in straightforward personal credit that puts you in control. They offer small cash loans which, if accepted, are delivered straight to your door or, if you prefer, your bank account. Their loans have weekly fixed repayments – and the amount owed never goes up.
There are a few different types of loans that do not require a credit check, such as payday loans, no credit check installment loans, personal loans with no credit check, most federal student loans, and some credit-builder loans.What credit score doesn't need a cosigner? ›
Generally, a cosigner is only needed when your credit score or income may not be strong enough to meet a financial institution's underwriting guidelines. If you have a stronger credit score, typically 650 and above, along with sufficient income to cover the loan payment, it's likely you will not need a co-signer.Can you get a loan with no income and a cosigner? ›
A co-signer or co-borrower can help you qualify for a loan without a job. However, keep in mind that co-applicants will need income and good credit to qualify. Other financing options include credit cards, family loans, peer-to-peer loans and home equity loans.Can you get a small loan with a 500 credit score? ›
You can get a personal loan with a 500 credit score if you have a steady source of income! A lender may extend a loan offer if you can provide proof of your ability to make monthly payments on time. Credit scores are typically one of the main qualifying factors for loans.Whats the fastest way to get a loan with no credit? ›
To get a loan with no credit you may want to look into a credit-builder loan. With a credit-builder loan, you apply and are approved for a small loan. You make payments on the loan, including interest, and those payments are reported to the credit bureaus.Which type of loan can you possibly qualify for with a credit score of 500? ›
FHA loans usually have a lower interest rate and less stringent credit requirements than conventional mortgages. You may qualify with a poor credit score as low as 500, but you must also satisfy several other requirements to get an FHA loan guarantee.Can you get a personal loan with a 480 credit score? ›
As a result, a 480 credit score will make it difficult to qualify for a loan or unsecured credit card, and you will need to focus on rebuilding your credit before trying to get a mortgage, car loan, etc.Can I get a loan with a 524 credit score? ›
Key Things to Know About a 524 Credit Score
Borrowing Options: Most borrowing options are available, but the terms are unlikely to be attractive. For example, you could borrow a small amount with certain unsecured credit cards or a personal loan with no credit check, but the interest rate is likely to be high.
How big of a loan can I get with no credit score? ›
What is the most money you can borrow if you have bad credit? Reputable lenders of personal loans for bad credit allow customers to borrow as much as $40,000 or $50,000. With that said, the lower your credit score, the lower amount you would likely qualify to borrow.What is the best cash advance no credit check? ›
- MarketLoans. Rating: 4.9/5.0. Amount: $100 — $40,000. ...
- LifeLoans. Rating: 4.8/5.0. Amount: $100 — $40,000. ...
- 100Lenders. Rating: 4.7/5.0. Amount: $100 — $40,000. ...
- VivaLoan. Rating: 4.7/5.0. Amount: $100 — $15,000. ...
- FundsJoy. Rating: 4.6/5.0. Amount: Up to 15,000.
- A valid SA ID;
- 3 latest payslips or 3 latest bank statements;
- Must be permanently employed and earning a monthly salary;
- A valid cellphone number;
- A valid SA bank account with one of the following banks supported by Capfin:
- Must be 18 years or older.
If you have a 500 credit score, you'll likely end up on the higher end of that range, say 25%. Here's an example of what a $15,000 loan with a five-year repayment term could cost with these interest rates: 4% interest rate: Your monthly payment would be $276, and you'd pay $1,575 in interest over the life of the loan.Can you get a loan if your credit score is in the 400? ›
Consumers with very poor credit scores between 400 and 450 often have their credit applications rejected, according to FICO, a credit scoring agency. But it doesn't have to be that way. Loans and credit cards for 400 to 450 credit scores are still available.