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Readies is rated 4.8 stars by based on 15 reviews

Real reviews from Readies bad credit loan customers :-

I have a history of poor credit so getting any kind of loan is always tough. But thankfully there are firms like Readies who specialise in bad credit.


Lenders typically want to charge the earth to people like me with poor credit but firms like Readies help match you with cheap affordable loans.

Rachel is a great website if you're suffering from a bad credit history. They've helped me out no end over the past few years.


There are very few companies out there who specialise in loans for bad credit applicants. Thankfully I came across Readies and now all my worries are over!


Have you got a bad credit history or bad credit rating?

If the answer is "yes", then there's a good chance you'll have a hard time getting the loan that you desperately need. In terms when you need cash fast, the last thing you want is to find out that your poor history with money is stopping you from getting capital.

Ultimately, poor credit scores are more common than you might think, and they can happen for a number of reasons. For instance, you might accidentally go into your overdraft when paying for a broken boiler, or getting a repair done on your car. Alternatively, if you suddenly lose your job, then you might end up with bad credit because you're unable to make the right repayments on things like your credit cards, existing loans and mortgage repayments.

While having a bad history with credit doesn't necessarily mean that you won't be able to get an advance from a building society or bank, it does mean that you'll have a harder time getting a competitive price when you do borrow money. Indeed, issues with bad credit are often why pawnbrokers and secured loans are popular, because some of the best loans are dependent on how well you've been able to keep up with your repayments in the past.

The good news is that you still have options available to you as a person with bad credit. The only difference between you and someone with good credit, is that you might need to work a little harder to get the right deal. There are plenty of lenders out there who are more lenient with the way that they provide credit. These lenders pay less attention to things like credit scores, and more attention to your ability to repay loans within a specific period of time right now.

Here's your guide to everything you need to know about bad credit, and bad credit loans.

  • Your Guide to Applying for Loans with Bad Credit
  • The Pros and Cons of Bad Credit Loans
  • What is a Bad Credit History?
  • Credit Scores and Thin Credit Files
  • What to Remember When Applying for Bad Credit Loans
  • Moving on With Bad Credit
  • Bad Credit Loan FAQ
  • Why Is It So Difficult to Get a Loan with Bad Credit?
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Or take a look below for more info on bad credit loans :-

Your Guide to Applying for Loans with Bad Credit

What Are Bad Credit Loans?

In simple terms, a bad credit loan is a loan that's specifically designed for people with bad credit. There are lenders out there that offer deals to people who might appear to be a greater risk because of their credit history. Often, bad credit loans come with lower limits and slightly higher interest rates because people with bad credit are seen as a greater risk. The more someone seems to be a risk to a lender, the more interest they're likely to pay.

The good news is that in many of today's loans, the credit history that you're holding onto won't be the only thing that your provider will consider when deciding whether or not to lend you money. Your lenders today will also look at other things like your current job, your salary, and whether you're stable with your finances at this time.

If you're worried about the limits on the average bad credit loan, there are some things you can do to improve your limits. For instance, one of the best options is to simply try and improve your credit score. Remember that your score isn't set in stone, and your financial behaviour can make some very quick changes to how lenders perceive you. However, you may need to wait at least an extra month to apply for credit if you're waiting for something to change with your score.

An alternative option is to consider a type of bad credit loan that places more of the risk on you and takes some of the worry off your lender's shoulders. For instance, a Guarantor loan, where someone promises to pay for your loan if you don't can put your lender at ease and encourage them to offer you more support with your capital. On the other hand, if you have something to put down against your loan as collateral, like a home or a car, then you could apply for a secured loan.

Importantly, a secured loan can be risky because it means that if you can't make your repayments on time, the person who lends you money is within their rights to take the collateral that you've placed on your loan. This means that you might end up without a property or vehicle.

The Pros and Cons of Bad Credit Loans

Bad credit loans are great because they give people an alternative option to getting the credit that they need when a typical loan isn't an option. Without bad credit loans, most people would have to rely on pawnbrokers and complex secured loans to get the money they need to pay for an emergency. What's more, as bad credit loans become more popular, the process that is used to apply for these loans is getting a lot simpler and more unobtrusive. You should be able to fill out a form for a bad credit loan and get the money into your bank within a day.

Many bad credit loans also come with plenty of flexibility around the terms that are available to you. As long as you agree to the stipulations that are given by your lender, and you stick to the rules of the loan, you'll have nothing to worry about with your loans within a couple of weeks. You won't have a complicated and ongoing commitment that you need to deal with over many months at a time so that you can move on with your life as quickly as possible.

Although bad credit loans typically have higher interest rates than good credit loans, it's safe to say that as long as you pay back your loan according to the rules of your lender, you shouldn't have any problems. You'll be able to get a loan with a lot less stress than you would face elsewhere. The higher APR might be worrisome at first, but when you realise that you'll only be paying your loan back for a short period of time, you might find that it's not as bad as you think.

Additionally, because your bad credit loan will prove to other lenders that you know how to pay the money that you owe back on time, you might find that in the future you have an easier time applying for loans with a better interest rate. It may be best to think of your bad credit loans as a stepping stone to more competitive lending.

Of course, if you're concerned about getting a bad credit loan, then you could always consider other options like consolidating your debts with a consolidation loan or using a credit card to make purchases. However, it's worth remembering that credit cards can often have high APR and interest rates just like a bad credit loan too!

What is a Bad Credit History?

If someone has a bad credit history, the average lender will typically assume that the person simply cannot handle their finances as well as they should be able to. A bad credit history can be used as evidence that a person will not be able to keep up with their repayments because they missed payments in the past. However, as we all know, circumstances can change in your day-to-day life and make it hard to deal with financial situations that you would otherwise never encounter in your typical routine.

In simple terms, a bad credit history is something that can harm your chances of approval for a number of applications and credit requests. In some cases, a bad credit history can even make it more difficult to people connected with you - like your spouse - to obtain credit when they request it too. Some people even struggle to get things like mobile phone contracts when they're dealing with a poor credit history at the same time.

There are many different kinds of "credit" documents that are linked to a person's financial history. For instance, your credit file is the database that contains your financial and personal details taken from loan providers, credit card providers, and other services that permit you to borrow credit or money. A credit file contains things like:

  • Your personal details: Current address, date of birth, name, place of work and gender.
  • Your account information: A breakdown of your credit details, the balance on your accounts, when your accounts were open or closed, and how much activity happens on your account each month.
  • Your credit inquiries: This refers to the number of applications that you may have made in the last couple of years. Keep in mind that credit inquiries typically come in a number of different forms, including soft and hard inquiries. While soft inquiries don't leave any marks on your credit reports, hard inquiries can make it harder for you to get the credit that you request, by affecting your credit score.
  • Black marks and defaults: If you default on any of your loans or debts, or decide to declare bankruptcy, then all of this information will be kept on your credit file for a certain period of time.
  • Present and past employers: Some credit files will include details about your current employer, and any employers you've had within a specific time period.

Unlike the culmination of information included within a credit file, your credit report simply presents all of the many data points in your data file in a more organised way. Your credit file is generally what you will receive when you go to a credit reference company. On the other hand, your credit score is an even more simplistic snapshot of your current rating in terms of how well you're doing with money. Your credit score is calculated by the credit referencing agencies of the UK, and it summarises your ability to be accepted for credit at a specific time. It's generally much easier to improve your credit score than it is to improve your credit rating.

Credit Scores and Thin Credit Files

To find your credit score, you will need to find the details of your credit background as they're held by three credit reference agencies, known as TransUnion, Experian, and Equifax. In some cases, the reports held by different credit reference agencies will vary, so it's worth seeing what your score is with different lenders.

Some sites may be able to generate details on your credit rating and score for you. However, it's important to make sure that before you request an insight into your credit score, you're not working with a company that will leave a mark on your history. Look for people who offer soft checks.

Importantly, you may notice that you don't necessarily have a bad credit score, but you also don't have a good one. There's a big difference between having a bad credit score and having a lack of history in your credit file. If you have a thin credit file, this means that there's not a lot of details available about your spending habits. If you've never had a loan, direct debit, or a mortgage before, then there's no evidence out there to show people how well you deal with things like credit and borrowed money.

On its own, a thin credit file doesn't necessarily mean that you have a poor lending history, or issues with money management. A thin credit file basically just says that you haven't made a lot of applications for credit in the past, and you may not use credit cards to make your purchases. There's nothing necessarily wrong with having a thin credit file, and some people would even argue that a lack of information in your credit history is a good sign, because it shows that you don't need to borrow money.

Unfortunately, with some lenders, having a thin credit file can be just as bad as having poor credit, because your lenders are unable to see evidence that you're good at managing your money and lending responsibilities. If no-one has any proof that you can maintain regular payments, then it's difficult to trust you with the best loan rates and APRs.

What to Remember When Applying for Bad Credit Loans

You may be wondering how applying for a bad credit loan will affect your credit score and rating in the long term. After all, whether your application for a loan is rejected or accepted, all loan requests require some manner of formal credit check before they are approved. Applying for a bad credit loan can leave a footprint on your credit file, so it's important to make sure that you're applying for a form of credit that you know you're likely to be accepted for.

Ultimately, applying for a bad credit loan is more likely to be good for your credit score than bad. The reason for this is that first of all; you're more likely to be accepted for a bad credit loan. If you're accepted for your request straight away, then you won't have to leave multiple marks on your files by making a range of loan applications in quick succession. Remember, if you are declined by a lender, then you should always wait at least fourteen days before you apply with a different lender, as this will help to reduce the damage on your file.

Additionally, another reason that bad credit loans can be good for your credit rating, is that if you're accepted, you have an opportunity to show people that you really know how to manage your money, and you're capable of making repayments on time. If you finish paying off your bad credit loan without issue, then your credit rating will naturally begin to improve.

Getting a loan with bad credit isn't easy, but the truth is that it can be a lot better for your financial situation than you might think. Although you probably shouldn't get a bad credit loan just to improve your credit rating, it's a great way to get the money you need and enhance your reputation with lenders at the same time. Your lenders are likely to take into account other factors beside your credit rating too with bad credit loans, including your job, salary, and any property you own, so you're more likely to get the money you need as quickly as possible.

As with any other application for a loan, the important thing to remember is that it's a good idea to compare your lending options carefully before you begin your application. Even with bad credit loans, there are many different lenders and borrowing options out there to choose from. The more you research your options, the more likely it is that you'll end up with the best deal when it comes to things like interest and APR.

Moving on With Bad Credit

The truth is that many people have less than perfect credit. At some point or another, most of us will deal with some loan-based issue that makes it difficult for us to manage our repayments. If you find that your flawed credit prevents you from accessing certain kinds of loans, then you may find yourself searching for bad credit loan options.

Whether your loan issues come from an accumulation of debt, missed payments on your mortgage, or something else entirely, a poor credit is a common problem, and something that's easier to live with than you might think. You can still get the funding and support that you need when you suffer from bad credit; the only difference is that you might have to work a little harder.

Additionally, as with anyone taking out a loan, it's important to remember that you need to pay the money that you borrow back on time, or you could end up with an even worse credit score than you started with. Ultimately, your credit is in a constant state of flux, and taking out a bad credit loan could either help your situation or hinder it, depending on how you deal with the money that you borrow. If you make your repayments on time, then the only way is up with bad credit loans.

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Or read some of the most frequently asked questions surrounding bad credit loans below :-

Bad Credit Loan FAQ

Take a look at some frequently asked questions from our bad credit loan customers :-

Q: What is a bad credit loan?

A bad credit loan is basically a lending option that's designed for people with imperfect credit. These loans typically last for a shorter term, and they only offer a certain amount of money. There's also a chance that your bad credit loans might have a higher interest rate than some of the best loans available on the market.

Q: Does having bad credit stop me from getting a loan?

A bad credit rating won't necessarily stop you from getting the emergency funding that you need in the form of a loan. However, you might find that it takes you a little longer to find someone who is willing to lend to you. Lenders are taking on more risk when they deal with bad credit loans, so it's important to realise this when you're applying for support. Remember that the level of risk associated with your account will have an impact on the kind of loan terms you can access.

Q: Will a bad credit loan improve my credit score?

The simple act of taking out a bad credit loan doesn't necessarily improve or harm your credit score. If you simply take out a lot of loans and don't pay them back, then your credit score will suffer. However, if you apply for a bad credit loan successfully and pay back the money that you owe according to the terms provided, then you will begin to see an improvement in your credit score because you'll be showing lenders that you can follow the rules of a lending process. You will also be able to convince lenders that you know how to manage your money enough to be accepted for a loan - even if it is a bad credit loan.

Q: What happens if I can't make repayments?

If you can't make repayments with a bad credit loan, then the same thing will happen as if you couldn't make payments with a standard loan. In this way, bad credits are no more risky than standard loans. You will be charged a fee for your late repayments, and your credit record will continue to suffer. If you apply for a bad credit guarantor loan, on the other hand, then the person who signed on as your guarantor will be required to make the payments on your behalf.

Q: What kind of loan terms can I get?

With a bad credit loan, the chances are that your loan terms will be a lot shorter than they would be with a standard personal loan because your lender will want to get their money back as quickly as possible. Options differ depending on your personal circumstances and the requirements of the lender, but some companies offer up to 15 years as a term for bad credit loans. Ask your lender about your choices.

Q: What does APR mean?

When you're comparing bad credit loans online, one of the first things you need to look at is the APR or annual percentage rate of your loan. The APR represents the amount of interest that you will pay on the total value of your loan. Often the APR is a much more informative piece of information than the standard interest rate on your loan.

Q: How easy is it to get a bad credit loan?

Typically, bad credit loans are much easier to get your hands on than standard loans, because the credit providers will consider things other than your credit score when deciding whether to give you a loan. You might find that the fact that you have a sturdy job means that you can get a bad credit loan with very little hassle, and few forms to fill out too.

Q: How Quickly will I receive my money?

If you're accepted for a bad credit loan, then the amount of time it takes to have your money delivered to you will depend on the lender that you're borrowing from. Most lenders will be able to give you an estimate on how long it takes for the transaction to go through.

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Not ready to apply? Read on to see how to choose the best bad credit loan!

Why Is It So Difficult to Get a Loan with Bad Credit?

As mentioned above, a poor credit history doesn't automatically mean that every lender will reject your request for credit. However, the likelihood that you'll be approved will reduce when you have bad credit, because lenders are taking a risk by giving you money. When a lender agrees to give you capital, they're taking the risk that you're going to pay the money that you borrowed back on time, and with the right interest attached to it. Lenders want to be able to see your repayment history so that they know that you're going to be able to pay back what you owe.

A bad credit score suggests that you're not as reliable as you should be with the money that you borrow from lenders. However, it's important not to lie about your credit report in an attempt to get a better deal or improve your chances of getting a loan. There's no guarantee either way that your loan will be accepted or declined. The best thing you can do is let your lender know everything they need to know about your financial commitments and outstanding monthly expenditure and go from there.

In many cases, a lender will still be willing to give loans to people with poor credit. However, the chances are that you won't get as good of a deal with bad credit that you would be able to get if you had good credit. If your credit score is just slightly less than it should be, there are a few ways that you can quickly increase your score. For instance, you can:

1 Make sure that you're registered on the electoral role

Register on the electoral role for your current address. Although it won't matter what your political views are when you're applying for a loan, simply being registered to vote is enough to improve your credit rating. Lenders will see this as proof that you're living in your own home.

2 Make sure your score is up-to-date and accurate

Sometimes, you might have a bad credit score, even though you haven't done anything wrong for a very long time. This might happen because the credit companies haven't yet updated their details about you. Make sure that the information on your credit scores are as accurate as possible to improve your chances of getting the capital you need.

3 Keep your information correct

When you move to a new house, start a new direct debit, or even change something about your career, make sure that all your details are correct. An up-to-date file of details improves your chances of having a more complete and beneficial credit rating.

4 Close credit agreements you're not using

If you have a credit card in your wallet that you're not using, now is the time to deal with it. While it might seem like it's a good idea to have a credit card around that you're not using, it can actually make it seem like you already have enough credit to a lender.

5 Keep on top of your repayments

Obviously, one of the easiest ways to boost your credit rating is to ensure that you always make your repayments on time. Each missed repayment stays on your credit details for up to 7 years at a time, so make sure that you stay on top of your repayments as much as you can.

6 Only apply for loans you're likely to get

Ultimately, if you have bad credit, it's best to apply specifically for bad credit loans. While it's tempting to apply for the loans with the best market rates and APRs, the truth is that every time you're rejected for a loan, your credit suffers even more. Simply getting a bad credit loan and showing that you can keep up with the short-term repayments will help to prove to lenders that you know how to be responsible with credit.

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Not ready? Read the latest lender reviews on

Read The Latest Bad Credit Lender Reviews on

I have to say a massive thanks to On Stride for this loan. Bad credit loans can be really hard to deal with when you see how much you are going to be repaying in interest but On Stride somehow manage to soften the blow with an interest rate that is lower than average for a bad credit loan and the monthly repayments are always easily affordable. I've had 2 loans now from On Stride and they really haven't been as bad as they could have been if I'd gone with another lender. I would recommend On Stride anytime and have done to several friends already.

Ms C., Forest Gate (Submitted on On Stride)

If I ever need another bad credit loan I will definitely go back to On Stride for it because I think I have found the best lender for this type of loan. I spent ages checking out various websites but in the end I came back to On Stride because they really do seem to be offering the best of what is never going to be a good loan. They do their very best to get you a loan with the lowest possible APR as well as making sure the rest of the terms of the loan suit your personal circumstances. That's certainly been the case with my loan so I am very happy with the result.

Will Sharp, Hounslow (Submitted on On Stride)

I found On Stride within a few minutes of using the loan comparison website and after checking out their website I didn't really think I needed to look at any other lenders. On Stride just seemed like a really straightforward sort of company and were offering quite a flexible range of loans. Once they had all my details they were able to process them and come back with a really affordable loan that had everything I was hoping for. The main one being that the interest rate was lower than I had seen other bad credit loan companies advertising. That was the most important factor for me and fortunately On Stride were able to improve on that and give me a loan that wasn't going to cost me the earth in interest. I'd definitely use On Stride again if I need another bad credit loan.

Lucy W., Sidcup (Submitted on On Stride)

Everyday Loans really were the only people I could go to for this loan. I had checked every single lender on the loan comparison website and the only positive response I could get was from Everyday Loans. It really was that bad so when Everyday Loans did approve a loan for me I didn't mind at all that I had to go to one of their branches to get the loan finalised. I think I would have jumped through flames to get this loan but luckily Everyday Loans weren't expecting anymore than a face to face meeting before completing the loan process and letting me have my money.

J. Williams, Hornchurch (Submitted on Everyday Loans)

my job is a junior quantity surveyor and the site manager on one of our big contracts told me to get myself a car as public transport wasn't reliable enough to get me on site by 8 am and I told him if he loaned me the cash I would do it. thats how we got talking about bad credit and not being able to get a loan. He told me about Everyday Loans and told me to go online and check them out. So I got my girlfriend to do it for me and within 24 hours she'd got a loan sorted for me and all I had to do was go and get if finalised at one of Everyday Loans branches. It really was that easy and if I'd know about Everyday Loans before I wouldn't have had to listen to my site manager every day reminding me of what a big favour he'd done me. and now I've got my car theres no excuse for being late for work.

Lance Ashcroft, Abbey Wood (Submitted on Everyday Loans)