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Buddy Loans

Buddy Loans stopped lending in 2021 and is being wound up. Advancis Limited, which traded as Buddy Loans, went into administration on 7 September 2021 and has made no loans since. Its redress scheme has concluded. Buddy will not lend again. Buddy Loans is not on our lender panel.

For alternative loan options see below.

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Buddy Loans

Guarantor Loan

Open Buddy loans that had not defaulted were sold to another lender (1plus1 Loans, since renamed Credit Labs Limited) in February 2023. If you’re repaying a former Buddy loan, your payments now go to the new owner under your original terms. If you’re contacted about a Buddy debt, you’re entitled to ask for the credit agreement and proof of who now owns it.

Have a bad credit rating and looking for a loan?

GET LOAN QUOTES NOW
Choose your loan amount: £500
How many months?
  • No Hidden Fees or Surprises
  • Free No Obligation Quote Without Harming Your Credit Score

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

All Credit Loans is a licensed credit broker and not a lender.

Allcreditloansnet Representative 49.9% APR

Representative Example: Borrow £3,250 over 36 months at a Representative Rate of 49.9% APR at an annual interest rate of 41.16% (fixed), you pay 36 instalments of £158.57. Total charge of credit is £2,464.57, total amount payable £5,714.67.

What does representative APR mean?

Get a loan quote

Choose your loan amount: £500
How many months?
  • No Hidden Fees or Surprises
  • Free No Obligation Quote Without Harming Your Credit Score

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

All Credit Loans is a licensed credit broker and not a lender.

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