WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

The Great Things About KnightFinance

Super Fast Process

You could get money directly into your account after just a 15 minutes application.

Affordable Finance

Get the cash you need without the usual high costs, because of our wide range of lenders.

Low Interest Rates

Compare lenders to make sure that you get the lowest possible rates.

Unsecured loans

There’s no need to put any collateral against your credit, all our loans are unsecured.

See How Our Competitors Compare

Loan amount
£200 - £1,100
Loan term
1 - 4 Months
CUSTOMERSCORES
Fast services
Apply Now

Show More ▼

Loan amount
£100 - £2,000
Loan term
1 -12 Months
CUSTOMERSCORES
Excellent
Apply Now

Show More ▼

Blacklisted Loans: Loan Options for the Blacklisted

For borrowers with poor credit scores and bad payment histories, procuring conventional loans from traditional lending institutions and firms is always a problem. Because of the constantly increasing demands for loans and other loan services, and the consequent increase in the number of accounts that eventually become delinquent — traditional lending firms have decided to impose a credit scoring system. This scoring system, although proven to be extremely useful to the lenders, is also just as extremely detrimental to the borrowers. Through this credit scoring in place, borrowers with incomes that have been deemed insufficient by the lenders were automatically given poor credit scores, while those who frequently missed out on their payments had their records automatically reflect bad payment histories.

And while this same system helped lenders segregate borrowers who are likely to pay off their loans without any problems from those who maybe unlikely to even pay them at all — it also put those with bad credit in a bad light that left them automatically disqualified from procuring any more loans from any of the traditional lending and firms. Because of this, borrowers with poor credit scores and bad payment histories often had little alternatives in times of urgent financial crises.

As a consequence, borrowers were often left with either just borrowing money from their friends and families, or procuring underground loans from lenders operating illegally. But since borrowing money from friends or members of their families isn’t always easy, most borrowers are left no other option but to secure underground loans from these traditional lending institutions. But while these options allow borrowers temporary resolutions to their urgent financial problems, the long-term consequences often associated with them often leave borrowers in perpetuated financial crises.

Because exceedingly high interest rates are inherent to the underground loans that are being offered by illegally operating lenders, the consequently high payment increments associated with them often leave borrowers in even worse financial situations. Since their high interest rates translate to bigger payment increments, borrowers are often left in perpetuated difficult financial situations.

But with the continuing evolution in the lending industry, new innovative financial solutions have begun to emerge quickly.

Blacklisted Loans UK: Finding the Best Financial Solutions

Because of the credit scoring system that the traditional lending firms had in place, the number of borrowers with poor credit have begun to dramatically increase. And as demands for flexible new solutions to address their situations have also steadily continued to grow, a whole new market was, consequently, eventually created. In an attempt to address the needs of this newly created market, innovations in the lending industry have since come up with innovative new financial services designed especially to address the needs of borrowers with bad credit.

Through these new financial solutions, borrowers now have better, more flexible, more affordable, and far more secure loan options. With these innovative new services, borrowers need not have to go through the often tedious processes often entailed in applications for most of the conventional loans being offered by traditional lending institutions. Because applications for these innovative new loan services can be accomplished completely over the internet, borrowers need not wait in long lines for long hours just to submit their applications. While applications for conventional loans often take days, or sometimes even weeks fo process, applications for these new loan options are processed as soon as the are submitted. And because the release of loan funds are usually completed on the same day that the applications were submitted, these new loan services make great resolutions in terms of urgent financial situations.

Blacklisted Loans: The Perfect Loans for Borrowers with Bad Credit

Because of the innovative new loan solutions that have been created especially for individuals with bad credit, borrowers need not endure all the difficult procedures often entailed in securing conventional loans from standard lending firms. Since applications for these loans are completed over the internet, borrowers may now submit their application forms without even having to leave the comfort of their own homes. Through these innovative new loan solutions, borrowers now have the convenience of being able to submit their applications using any device from anywhere they are, and at anytime of the day. With these innovative new loan options, borrowers now have access to far better financial services at much lower interest rates.

Through loans for bad credit, borrowers need nor have to worry about having to submit impossibly difficult requirements, and applications are usually processed as soon as they are submitted. These types of loan solutions make the best options in pressing financial situations, where borrowers need immediate access to much-needed loan services. But while a lot of borrowers now enjoy these innovative new loan solutions that are now easily available in the market, there are also many borrowers suffering from perpetuated financial crises due to what could possibly be a series of bad financial decisions that eventually led to their being blacklisted. Because borrowers who were either blacklisted or simply had poor credit were automatically precluded from securing conventional loans from these traditional lending institutions, many are still left to believe they no longer have any better alternatives. With the plethora of innovative new loan solutions that have been made easily available to the borrowers in the market, however, borrowers should be able to find the best loan solutions according to their unique financial situations — despite their poor credit, and even when they are blacklisted.

Blacklisted Loans and Instant Loans: Loan Options for Borrowers with Bad Credit

Because most financial situations actually require immediate financial actions, instant loans are one of the most useful, and often the most popular of the innovative new loan solutions that are now being offered to borrowers in bad credit situations. Through these types of financial services, borrowers have the advantage of being able to secure immediate solutions in times of pressing financial situations. With instant loans, borrowers can easily address emergency financial situations, which may include unexpected expenses that can be anywhere from urgent home and car repairs, hospital bills, and other similar expenses. Instant loans also make good options in making relatively affordable — yet hard to save up for — purchases such as that of travel and other leisure expenses, like the purchase of new gadgets, appliances, and other similar, and just as affordable expenses.

Through these instant loan solutions, borrowers can expect for the instantaneous processing of their applications, the approval of which can be completed in as fast as just a few minutes. Release of funds for these types of loans, on the other hand, can be accomplished in as early as just hours after the application was submitted. Because of this, many borrowers rely on instant loans to address their temporary financial situations. But since instant loans — like most loans for bad credit — are small loans that borrowers can pay over in short term conditions, there are other financial situations wherein instant loans do not make good resolutions. In situations, for example, that require loans in amounts much higher than that of what can be taken out of small loans — borrowers are better off securing loans that they can pay over in much longer payment term conditions, instead of procuring small loans such as instant loans.

Blacklisted Loans: When to Get Guarantor Loans

Since most loans for bad credit are generally small loans that borrowers are allowed to repay over much shorter payment conditions, financial conditions that require loan solutions in bigger amounts than what small loans are able to yield are better addressed with loans of longer payment terms. But since most of the loans on long term payment conditions are the conventional loans of standard lending institutions, many borrowers feel like they have no other option when they’re faced with complicated financial situations.

With secured loans such as guarantor loans, however, borrowers have the advantage of  being able to enjoy benefits that usually only come with the conventional loans being offered by standard lending firms. Through these loan solutions, borrowers are given access to bigger loans that are payable in much longer payment term conditions. With these types of loan options, borrowers can enjoy affordable, flexible, and much more secure financial services at much lower interest rates.

Guarantor loans are basically secured loans that borrowers can secure through the help of individuals with good credit standing who are able and willing to pay off their loans in case they fail to pay them for any reason. These individuals, also called, guarantors, can not be the borrowers’ spouses, but can be third party firms willing to give their guarantee to the lending institutions. And since guarantor loans are secured loans, lenders tend to be more lenient to borrowers who avail of these loan solutions.

The problem with guarantor loans, however, is the inherent difficulty of finding individuals not only willing enough to take on the roles of guarantors, but also qualified enough to be accepted by the lenders to take on these roles. Due to this, borrowers do not always consider these loan solutions plausible options, especially in urgent financial situations.

Blacklisted Loans: How to Get No Guarantor Loans

Because it’s hard for most borrowers with poor credit scores and bad payment histories to find people willing and qualified enough to take on the role of a guarantor, no guarantor loan solutions are still one of the most preferred types of loan options. Through these financial services, additional requirements are no longer necessitated. And since applications for these types of loan solutions can be completed over the internet, borrowers have the convenience of being able to complete and submit their applications from wherever they are located, and at any time it’s most convenient for them. Applications for these financial services may vary from lender to lender, but generally only involve a few, easy and straightforward steps. Borrowers need only register and fill up their application forms online, and after which they can upload copies of the basic documents that are included in the application requirements. Although borrowers need not submit any additional requirements, they are still required to submit basic documents that’ll help lenders not only verify a borrower’s identity, but also his financial capacity. Among the requirements that are usually being asked of borrowers are proof of identification, proof of income, residential number, social security, and updated contact details. In submitting their applications, borrowers are strongly urged to ensure that their application forms are duly filled up with all the required and correct information, and that the documents to be submitted are not only complete, but also verified authentic. Lacking requirements and submitting unacceptable documents will only lead to further delays in the processing of the borrowers’ loan applications — and in some unfortunate cases, even result to the applications being outrightly rejected.

Blacklisted Loans: Is Borrowing from Direct Lenders Any Better?

Due to a common belief by many, a lot of borrowers tend to prefer borrowing from the lenders directly — the reason behind this usually being that they wish to do away with loan brokers’ fees. But while borrowers may in fact save a little bit of money by not having to pay for loan brokering services, securing loans from loan brokers actually yield far more benefits than procuring loans directly from the lenders.

With loan brokers’ services, borrowers have far more and much better loan alternatives as they often have a network of connections to different lenders across different regions. Through these connections, loan brokers have access to the many different deals and promotions that the lenders have to offer across their many different financial services. Because of this, borrowers are far more likely to save money with the help of loan brokers’ services, than they are by securing their loans directly from the lenders — even if they didn’t not have to pay fees for loan brokers.

Borrowers are warned, however, to take precautionary measures when procuring loans (be they from the lenders directly or with the help of loan brokers’ services), as fraudulent firms posing to be legitimate lenders or loan brokers have proliferated.

 

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.