Please see out table below which summarises the very best and most affordable bad credit lenders in the UK. You can sort the table by the heading to help you easily find the type of lender and loan that best meets your needs.
Lender?LenderDecide which lendersto apply to by looking at general loan terms and also reviews & ratings. Detailed lender pages are also available. | Amount (£)?Amount (£)The minimum and maximum loanvalues available from the lender | Term Months ?Term MonthsThe period in which the loan is repayable.If the term is flexible this will be noted. | APR ?APRThe Annual Percentage Rateincludes lenders fees & charges. It is representative because they expect at least 51% of borrowers to get this rate or lower. * | Reviews ?ReviewsSee lender customer reviews and ratings | Comments ? | Apply? |
| Name | Type | Min | Max | Min | Max | Representative | Rating | Votes | More Info | |
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 TFS Loans | Guarantor Loan Guarantor Loan This is one of the most affordable types of loan for someone with a poor credit rating. Though the main requirement is to have someone who will act as the loan Guarantor. For more details see our Guarantor Loans page. | £1000 | £12000 | 24 | 84 | 48.9% ? TFS Loans Representative Example Borrow £4,000 for 48 months. Repay £191.09 each month. Total interest of £5,172.53. Total repayable £9,172.53. Representative APR 48.9% fixed. | Currently no online reviews | A major lender offering the largest loans. More info in TFS Loans TFS Loans One of the more established lenders in the market, TFS have been operating since 2010 and since 2013 have been using e-signature technology to enable the applicant to submit all the necessary documentation online. Their £12,000 upper borrowing limit is the largest of all the lenders and they are now a major force in the industry. By offering an extended loan period of up to six years, TFS have worked to ensure repayments are affordable to even those borrowing the highest amount. The APR on the loans is currently around 49.4%. Applicants must be at least 18 years of age with a UK bank account, email address and mobile telephone to ensure you can be contacted at all times. A friend or family members is required to guarantee the loan and they must have a good credit history as the offer will be based on their rating, not the applicants. There are no upfront fees and it is possible to clear the debt early with no penalties. For more information see: TFS Loans |  |
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 Amigo Loans | Guarantor Loan | £500 | £5000 | 12 | 84 | 49.9% ? Amigo Loans Representative Example Borrow £4,000 for 48 months. Repay £193.74 each month. Total interest of £5,299.70. Total repayable £9,299.70. Representative APR 49.9% variable. | 4199 | Well known due to TV adverts. A slick online service up to 5000.. More info on AmigoAmigo LoansOne of the most high-profile lenders in the market thanks to their significant television presence, Amigo’s aim is to "return to good old-fashioned lending values". With over 65,000 customers they are a solid and dependable lender. It is possible to borrow between £500 and £5000 for up to five years. There are several payment methods available including at ‘PayPoint’ approved shops and their payment hotline is available 24 hours a day. There is no fee for overpayment and with regular feedback being given to the three major credit agencies your credit score will improve over the term of the loan. Interest is charged daily so regular overpayment will help reduce the overall cost of the loan and with so many payment options this should be manageable. Your application must be supported by a UK homeowner aged between 18 and 75 with a good credit history and not financially dependent on you. For more information see: Amigo Loans | |
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 UK Credit | Guarantor Loan | £1000 | £7500 | 12 | 60 | 42.9% ? UK Credit Representative Example Borrow £4,000 for 48 months. Repay £175.51 each month. Total interest of £4,424.69. Total repayable £8,424.69. Representative APR 42.9% fixed. | 423 | A fast, professional & courteous service. More info on UK Credit UK Credit Loans Lenders since 2010, UK Credit offer two different types of loan; one to homeowners and one to tenants. A homeowner can borrow a maximum of £7500 for up to five years while a non-homeowner can borrow up to £3000 for a maximum term of 36 months. The interest rate is fixed for the duration of the borrowing period so applicants know exactly how much will need to be paid back each month. Both loans require someone, usually a friend or family member, to act as the ‘backer’; someone who will pay off any debts should the borrower fail to make the repayments. For this reason the backer will need to have a good credit history but it is not essential that they are a homeowner. Trustpilot, the consumer review website, recently awarded UK Credit Loans top ranking and their team have a wealth of experience in the financial market. The customer services team can be contacted 8am to 8pm Monday to Friday and on Saturday mornings. For more information see: UK Credit | |
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 George Banco | Guarantor Loan | £1000 | £7500 | 12 | 60 | 49.7% ? George Banko Representative Example Borrow £4,000 for 48 months. Repay £193.21 each month. Total interest of £5,274.21. Total repayable £9,274.21. Representative APR 49.7% fixed. | 204 | A lender who wants to shake up the market.More info on George Banco George Banco With their unique ‘rate dropper’ system of calculating interest, George Banco are a sensible choice for many borrowers. They reward people who make repayments on time by reducing the interest on the loan over the years. You could start, for example, paying 60% APR but if you continue to meet your monthly repayments this can fall to around 29.9% by the final year. Employed UK residents, students and people with a regular income are all eligible to apply for a loan. Between £1000 and £7500 can be borrowed for up to five years. The application will need to be supported by a friend or family member who is at least 25 years old, a UK bank account holder and a good credit rating. They will also need a monthly income of at least £1000. They offer a complete online service as well as a customer services department open during extended weekday working hours. For more information see: George Banco | |
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 Trust Two | Guarantor Loan | £1000 | £7500 | 13 | 60 | 39.9% ? Trust Two Representative Example Borrow £4,000 for 48 months. Repay £167.94 each month. Total interest of £4,060.98. Total repayable £8,060.98. Representative APR 39.9% variable. | 61 | Loan size is average but interest rate is the best in class. More info on Trust Two Trust Two Loans A well-established company who offer a range of loans, Trust Two will lend between £1000 and £7500 depending on your individual situation and requirements. The applicant must be at least 18 years of age, be a resident of the UK and capable of making the monthly repayments. You cannot be bankrupt, in an IVA or subject to a debt management plan. You must apply alongside someone prepared to support your application by assuming responsibility for the debt if you are unable to afford the repayments. They must be between 25 and 74 years of age and have a good credit score. If they are a homeowner you can borrow up to £7500, otherwise the maximum amount available is £5000. The minimum term is 13 months and the maximum is 60 months. Early repayment is acceptable subject to a small fee. The customer services team are available during normal office hours as well as Saturday mornings. For more information see: Trust Two Loans | |
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 Glo | Guarantor Loan | £1000 | £7500 | 12 | 60 | 49.5% ? Glo Representative Example Borrow £4,000 for 48 months. Repay £192.68 each month. Total interest of £5,248.75. Total repayable £9,248,75. Representative APR 49.5% fixed. | 1 | Loan size is larger than average but interest rate is in line with larger lenders. More info on Glo Glo Loans Glo will lend up to £7000 for a maximum term of five years to anyone who meets the required criteria; you must not be bankrupt or have an IVA or Trust Deed. Crucially the applicant will need to prove that the repayments are affordable. The current APR is around 49.5%. Applicants will need to apply with a friend or family member who is prepared to take on repayment responsibility should the borrower default on the payments. This person must be aged 18 to 70 and cannot be financially dependent on the borrower i.e. not their spouse. Glo guarantee that the co-applicant will only be expected to pay the debt as a last possible resort and they work hard to make sure applicants can afford to borrow their chosen amount over the course of the loan. As payments are made credit agencies are kept up-to-date thereby improving the borrower’s credit score as the term proceeds. For more information see: Glo Loans | |
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 Buddy Loans | Guarantor Loan | £1000 | £7500 | 12 | 60 | 49.9% ? Buddy Loans Representative Example Borrow £4,000 for 48 months. Repay £193.74 each month. Total interest of £5,299.70. Total repayable £9,299.70. Representative APR 49.9% variable. | 28 | The maximum loan amount is larger than many, and the maximum loan period More info on Buddy Loans Buddy Loans One of the more generous lenders in the market, Buddy offer up to £7500 and promises the potential of funds within just 24 hours; this makes them a very attractive option for any borrower. They also specialise in offering funding to those who have been unsuccessful with other lenders and even accept those with CCJs. The borrowing term ranges from one to five years and applications must be supported by a ‘buddy’ who will take responsibility for the debt if the borrower is unable to make the monthly repayments. This person can be either a homeowner or a tenant but the amount you are eligible to borrow reduces significantly (a maximum of £3000) if they do not own their own home. They must also be at least 18 years of age and have a good credit rating. At the moment the interest rate charged is 49% and no payments are required upfront. For more information see: Buddy Loans | |
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 Bamboo Loans | Guarantor Loan | £1000 | £5000 | 12 | 60 | 49.7%? Bamboo Loans Representative Example Borrow £4,000 for 48 months. Repay £193.21 each month. Total interest of £5,274.21. Total repayable £9,274.21. Representative APR 49.7% fixed. | Currently no online reviews | The APR% depends on borrower credit profile. More info on Bamboo Bamboo Loans A relatively new lender in the market, Bamboo was launched in 2014 and, following lengthy research, they have invested heavily in cutting edge technology designed to handle their application process. It is possible to borrow up to £5000 for between 12 and 60 months. Unlike many of their competitors they charge the same rate of interest whether the co-applicant of the loan is a homeowner or a tenant. They pride themselves on being an ethical company with all documentation written in ‘plain English’ to ease the application process; a time they recognise as both stressful and time-sensitive. Every application requires a friend or family member to act as the ‘backer’; the person who will take responsibility for the debt if you are unable. They should be at least 21 years old with a regular income and a good credit history. Their call centre has longer than average opening hours including Saturday mornings. For more information see: Bamboo Loans | |
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 Consollo | Guarantor Loan | £1000 | £7500 | 12 | 60 | 47.5%? Consollo Loans Representative Example Borrow £4,000 for 48 months. Repay £187.41 each month. Total interest of £4,995.69. Total repayable £8,995.69. Representative APR 47.5% fixed. | 13 | The offering has been radically improved. More info on Consollo Consollo Loans Designed to be a good way to consolidate existing debt and escape the payday loan trap, Consollo have worked hard to create a loan suitable for those with even a very poor credit history. With loans ranging from £1000 to a maximum £7500 they are also one of the most generous lenders in the market. The terms of the agreement are straightforward with no hidden fees and decisions are made on a case by case basis with particular thought given to the affordability of the repayments. Applicants will need a friend or family member with a good credit history who is a UK homeowner to guarantee the loan in the event the borrower fails to make the repayments. This person should also be aged between 21 and 75 and have a good credit rating. The typical APR is currently around 50% which compares favourably with other short term loan providers. If agreed funds are often available the same day. For more information see: Consollo Loans | |
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UK Credit | Guarantor Loan | £1000 | £3000 | 12 | 36 | 54.9% ? UK Credit Representative Example Borrow £4,000 for 48 months. Repay £207.20 each month. Total interest of £5,945.81. Total repayable £9,945.81. Representative APR 54.9% fixed. | 423 | This loan can accept guarantors who are NON HOMEOWNERS. More info on UK Credit UK Credit Loans Lenders since 2010, UK Credit offer two different types of loan; one to homeowners and one to tenants. A homeowner can borrow a maximum of £7500 for up to five years while a non-homeowner can borrow up to £3000 for a maximum term of 36 months. The interest rate is fixed for the duration of the borrowing period so applicants know exactly how much will need to be paid back each month. Both loans require someone, usually a friend or family member, to act as the ‘backer’; someone who will pay off any debts should the borrower fail to make the repayments. For this reason the backer will need to have a good credit history but it is not essential that they are a homeowner. Trustpilot, the consumer review website, recently awarded UK Credit Loans top ranking and their team have a wealth of experience in the financial market. The customer services team can be contacted 8am to 8pm Monday to Friday and on Saturday mornings. For more information see: UK Credit | |
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 One Plus One Loans | Guarantor Loan | £500 | £5000 | 12 | 60 | 45.4% ? 1+1 Loans Representative Example Borrow £4,000 for 48 months. Repay £181.94 each month. Total interest of £4,733.07. Total repayable £9,733.07. Representative APR 45.4% variable. | 24 | Guarantor must be a homeowner. More info on 1 plus 1 loans 1 Plus 1 Loans Offering loans from £500 to £5000 over a period of up to five years they are perhaps not as generous as some of the companies in the market but they are proud to say that they offer ‘a better kind of loan’. Your maximum available loan and the interest you will pay is based on a number of different criteria to do with your own personal circumstances and very much tailored to what you can afford. They have a seven day a week, 24-hour online team who can answer your emails at any time and they can also be contacted by telephone during normal office hours. There is slightly stricter criteria regarding your chosen guarantor as unlike some companies they do need to be a UK homeowner but this is not uncommon. 1Plus1 pride themselves on their speed and reliability; many customers have access to their funds the same day as approval. For more information see: 1 Plus 1 Loans | |
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 Back to back loans | Guarantor Loan | £50 | £750 | 6 | 24 | 304% ? Back To Back Loans The APR varys from 304% to 842% depending on how long you take out the loan for. Please Apply to get a no obligation quotation from Back To Back Loans to see exactly how much the interest charges will be. | Currently no online reviews | Your guarantor does not have to be a homeowner. More info on Back to back loans Back to Back Loans A recent re-branding of the Quick Cash Club and with a team full of financial market experience this is a serious player in the market. With shorter than average loan terms, Back to Back offer sums of up to £7500 over a period of between six and 24 months. There are no penalties for early repayments and finances can be made available the same day as loan approval if the application was made early enough in the day, usually by 4pm. Applicants will need a friend or family member to guarantee the loan and must not be bankrupt or subject to an IVA. They will also need a valid UK debit card and be at least 18 years of age. The person guaranteeing the application must be 21 or older with a good credit rating but they do not need to be a homeowner. The customer services team are contactable from 9am to 6pm Monday to Friday. For more information see: Back To Back Loans | |