Loans for All Credit Ratings Made Easy

There is no single best loan for a poor credit history 🤔

• If you’d prefer a small online loan, then an installment loan may be a solution
• If you can find a guarantor with a clean credit history, then a guarantor loan is typically the lowest cost, however in the last 12-months we have seen less activity in this sector, and it can be difficult to qualify for this type of loan.
• If your credit rating is not too bad and you do not have a guarantor, then an unsecured loan could be suitable
• If you’d prefer a small loan with weekly payment, then doorstep loans can often be a solution when other lenders cannot help

Why note compare our bad credit loans here

Our panel of 35+ lenders specialise in loans for bad credit 👍

All the UK’s top poor credit loan lenders are in one place, so if you can show you

• Can afford the repayments
• Are not insolvent (bankrupt or in an IVA)
• Are a UK resident with a permanent address

Then we could have a lender that could help you*

* Subject to the lender’s specific criteria and your personal circumstances.

What criteria do I need to get a loan?

This does vary from lender to lender, but includes

• Affordability – your income and expenses need to show that the loan repayments are affordable
• Regular income – you will need a regular income, whether that be employed, self-employed, benefits, pension etc.
• If you can get a guarantor (and their status / income etc.) this could make you suitable for a potentially lower cost guarantor loan.
• Permanent UK residency and address
• Solvent – you cannot have major credit issues such as being insolvent (bankrupt, IVA, debt management plan) – at least with our lenders
• UK bank account & debit card
• Typically, between 18 and 75 years old

Specific criteria does vary from lender, so if you meet the above, fill out our 3-minute form to see the loan options for you.

It’s quick and easy, free, without obligation, and does not even impact your credit file 👍

1. Fill out our 3-minute online form
2. Review the loan quotes from lenders who’ve pre-accepted you.
3. Choose the loan option that best meets your needs.

Same day is possible for some loans 😀

If you need a fast loan, then it is possible to get a loan on the same day:

• Unsecured and installment loans can often have the fastest payout times
• Speed can cost, as sometimes these loans can be less cost-effective

Unfortunately, guarantor loans typically can take a little longer, as you need to find someone to guarantee the loan and submit all their details. If you know someone who meets the lender’s criteria and is ready and willing to complete all their details fast, then a loan within 24 hours is possible with some lenders.

Doorstep loans typically take a little longer as you need to wait for the lender’s representative to visit your home, which can depend on their availability, though all can be ‘done and dusted’ within 3 days.

We suggest you do not rush, and if you can spend a little time exploring the most cost-effective options first before signing and credit agreement.

Currently, our lenders provide loans from £100 up to £5,000

How much you can borrow will greatly depend on lending criteria and your disposable monthly income available for the repayments.

Apply to find out how much you can borrow

Typically, anything that’s legal and moral 👍

• Unlike high street banks, our lenders do not place strict criteria on what the funds can be used for
• Though our lenders do operate Responsible Lending policies so will not lend for gambling or similar

Our customers typically use the loan funds for

• Replacing or repairing a car or vehicle
• Home maintenance and repairs
• Emergency cash to last to the end of the month
• Debt consolidation, such as paying off expensive payday finance and credit cards
• Holidays
• and much more…

Yes, your credit report will be checked by the credit reference agencies but don’t worry 👍

Missed payments, defaults, and CCJ’s are typically not a problem, but you will be credit checked to confirm

• UK residency
• Solvency (IVA, Trust Deed, or Bankrupt)
• Your identity

When you request loan quotes, you will NOT be credit checked.

Possibly 👍

With some loans, such as guarantor and unsecured, getting the funds and paying them back in full without default can help to rebuild your bad credit rating.

On your file lenders can look back as far as 6 years, and look at any missed payments and CCJ’s, also loans that you have honored and paid back successfully

Please note that many mainstream lenders are not keen on short term high cost loans, such as some doorstep and instalment loans, plus payday; so if you get this ty0pe of loan, this may not improve your credit history.

To use allcreditloans.net is free 👍

• This website’s free to use, we get paid by the lenders (see How We Earn Revenue)
• There are zero fees to apply to all our lenders
• A loan via this website will cost you the same as if you went to the lender’s direct
• Lenders do charge interest, and some have other fees – this will all be made clear to you before taking out a loan as all lenders operate Responsible Lending policies

Typically, yes 👍

Most of our lenders allow overpayments any time you wish.

Interest is typically calculated on a daily basis, so if pay back more money, you’ll reduce the overall cost of your borrowing.

Because you have someone guaranteeing the loan 🧑‍🤝‍🧑

With this type of loan, you have someone with a clean credit rating and regular income promise to make your re-payments if you are unable.

This gives a lender more security than our other types of loan, so they can typically afford to lend at lower rates.

Typical criteria

• Someone you have a relationship with who trust you (usually a family member or close friend)
• Clean credit history (or very marginally imperfect)
• Regular provable income
• Affordability, the loan must be comfortably affordable for them if you cannot pay
• For more information see the guarantor loan page

Over 10% of people who take out this type of loan did not think initially they would be able to find someone to act as their guarantor.

• People often tend to be more helpful than you think, and if you have a decent reason for needing the money and demonstrate that you can comfortably afford the repayments, then you’d be surprised how many people may say yes.
• All you need to do is ask!
• Remember that your social network is larger than you probably think, consider all your friends, family members and relatives, work colleagues; sit down and make a big list, then start asking people.

After doing all this, is you really cannot find a suitable guarantor, there are still unsecured, doorstep and instalment loans for you.