Compare Bad Credit Loans

  • Compare companies that offer loan products designed specifically for borrowers with bad credit ratings
  • Check loan details and eligibility requirements carefully before you apply
Aspire Money
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Aspire Money

  • Borrow £500-£25,000 over 1-5 years
  • Get a rate based on your circumstances and loan amount
  • Aspire Money is a credit broker not a lender
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Representative Example: Annual Interest Rate (fixed) is 31.90% p.a. with a Representative 31.90% APR, based on borrowing £11000 and repaying this over 36 monthly payments. Monthly repayment is £478.49 with a total amount repayable of £17225.64 which includes the total interest payable of £6225.64. Maximum APR 1,611%
    • Norton Finance logo
      Broker

      Norton Finance

      • Only available to homeowners
      • Loan Type
        Unsecured
      • Representative APR
        15.4% APR
      • Available Amounts
        £3,000 to £25,000
      • Min / Max Terms
        1 to 25 years

      Eligibility Criteria

      • Must be aged 18 to 80
      • Must be a homeowner
      • Must have a minimum income of £7,500 per year from employment, pension or benefits
    • Freedom Finance logo
      Broker

      Freedom Finance

      • Loan Type
        Unsecured
      • Representative APR
        27.5% APR
      • Available Amounts
        £500 to £25,000
      • Min / Max Terms
        1 to 7 years

      Eligibility Criteria

      • Must be aged 18 years or over
      • Must be a UK resident
      • Interest rates are dependent on your individual credit score
    • Aspire Money logo
      Broker

      Aspire Money

      • Loan Type
        Unsecured
      • Representative APR
        31.9% APR (£10,001 to £25,000)
      • Available Amounts
        £500 to £25,000
      • Min / Max Terms
        1 to 5 years

      Eligibility Criteria

      • Over 18s only
      • UK residents only
      • Must be full time employed
      • Must be earning over £1,200
      • Interest rates may vary due to your circumstances and loan amount required
    • UK Credit Guarantor Loan logo

      UK Credit Guarantor Loan

      • Guarantor
      • Guarantor must be a homeowner
      • Loan Type
        Guarantor
      • Representative APR
        39.9% APR
      • Available Amounts
        £1,500 to £12,500
      • Min / Max Terms
        18 months to 5 years

      Guarantor Criteria

      • Must be aged 21 to 70 at the start of the loan term
      • Must be a UK resident (if in Scotland, both applicant and guarantor must reside in Scotland)
      • Must have a good credit history
      • Must be a homeowner
      • If your guarantor is a homeowner they can be employed, self-employed or retired
      • If your guarantor is a non-homeowner they must be employed and the APR may be higher

      Borrower Criteria

      • Must be aged 18 to 70
      • Must be a UK resident
      • Must not be recently bankrupt, in an IVA or a Debt Management Plan
    • TrustTwo Guarantor Loan logo

      TrustTwo Guarantor Loan

      • Guarantor
      • Guarantor must be a homeowner
      • Loan Type
        Guarantor
      • Representative APR
        49.5% APR
      • Available Amounts
        £500 to £10,000
      • Min / Max Terms
        1 to 5 years

      Guarantor Criteria

      • Homeowners only
      • Must be aged 25 - 74
      • Must have a good credit history

      Borrower Criteria

      • Must be over 18
      • Must not be declared bankrupt or in IVA or debt management plan
    • Click Finance logo
      Broker

      Click Finance

      • Loan Type
        Unsecured
      • Representative APR
        49.9% APR
      • Available Amounts
        £1,000 to £35,000
      • Min / Max Terms
        1 to 5 years

      Eligibility Criteria

      • Must be aged 18 to 70
      • Must be a UK resident
      • Must have a minimum monthly income of £800
      • Must not be subject to an IVA or bankruptcy order
    • Amigo Guarantor Loan logo

      Amigo Guarantor Loan

      • Guarantor
      • Loan Type
        Guarantor
      • Representative APR
        49.9% APR (variable)
      • Available Amounts
        £500 to £10,000
      • Min / Max Terms
        1 to 5 years

      Guarantor Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must have a good credit history
      • Tenants and homeowners accepted

      Borrower Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must not be on an active bankruptcy, IVA or equivalent
    • Buddy Guarantor Loan logo

      Buddy Guarantor Loan

      • Guarantor
      • Loan Type
        Guarantor
      • Representative APR
        49.9% APR
      • Available Amounts
        £1,000 to £10,000
      • Min / Max Terms
        1 to 5 years

      Guarantor Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must not be on an active bankruptcy, IVA or equivalent
      • Guarantor does not need to own a home

      Borrower Criteria

      • Must be aged 18-75
      • Must be a UK resident
      • Must have a good credit history
    • UK Credit Guarantor Loan logo

      UK Credit Guarantor Loan

      • Guarantor
      • Guarantor must be a tenant
      • Loan Type
        Guarantor
      • Representative APR
        53.9% APR
      • Available Amounts
        £1,500 to £6,000
      • Min / Max Terms
        18 months to 5 years

      Guarantor Criteria

      • Must be aged 21 to 70 at the time of loan pay out
      • Must have not been bankrupt in the last 6 years
      • Must have no DMP or IVA over the last 6 years
      • If your guarantor is a non-homeowner they must be employed

      Borrower Criteria

      • Must be aged 18 to 70
      • Must be a UK resident with a bank account
      • Must be employed, self-employed, retired or on certain benefits
      • Must not currently be in an IVA or DMP nor currently bankrupt
    • SafetyNet Credit Facility logo

      SafetyNet Credit Facility

      • Credit Line
      • Loan Type
        Short Term
      • Representative APR
        68.7% APR
      • Available Amounts
        £100 to £500
      • Min / Max Terms
        No min or max term

      Eligibility Criteria

      • Must be aged 18 or over
      • UK residents only
      • Must be in full-time or part-time employment or self-employed
      • Minimum monthly income of £750
      • Must have debit card and bank account into which salary is paid
      • Must have a mobile phone and email address
      • Bankruptcy, IVA or equivalents not accepted
      • CCJs accepted
      • Customers must submit bank account login details to apply for a loan
Also for Bad Credit Loans...
Our service is free of charge but we receive commissions from the providers we refer you to. This table is initially ordered by representative APR. You can use the options above the table to order it according to various criteria. You may be offered different rates depending on your personal credit rating.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

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Bad Credit Loans FAQs

Just because you have a bad credit rating doesn't mean you'll never need to get a loan.

As the name may suggest, a bad credit loan is a loan designed specifically for those with a poor credit history. There are many reasons why a person might suffer from a poor credit rating - from an inability to manage repayments on credit cards or loan agreements, to having County Court Judgements (CCJs) held against them.

Even if you've never had a credit card or loan in your name before, you could have poor credit simply because lenders are unable to access evidence that suggests you're able to manage your borrowing habits successfully.

Below are some of the most frequently asked basic questions about bad credit loans. Just click on the question headings to see the answer.

What kinds of bad credit loans are available?

What are the pros and cons of bad credit loans?

Are there risks in getting a bad credit loan?

If I don't get accepted for a bad credit loan, should I just keep trying?

Are there any ways I can improve my credit rating?