Unsecured Loan
53.8%
No Credit Checks
Loan up to
£3,000
Must have a
Guarantor
If you've had CCJs, missed several payments on a mortgage or credit card, or been bankrupt, lenders will consider you as having a bad credit rating. Similarly, if you are a young borrower and have little credit history, you will be considered as having a poor credit score. This might put you off applying for a personal loan, but there are bad credit personal loans on the market which can help you, whatever your financial difficulty.
If you would like an unsecured personal loan, you can apply for a bad credit unsecured loan which is where the lender does not rely on your possessions as security for the loan. This means the bad credit unsecured loan is based on trust. You may be able to locate a flexible deal which allows you to repay as much or as little of the loan as you can manage.
It is frustrating to try and apply for a personal loan if you are not a homeowner, and some mainstream lenders may have declined you based on this fact. However, bad credit tenant loans are also available for those in rented accommodation or even students who need a financial boost. A bad credit tenant loan could include anything from £50 to £250,000.