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.

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Super Fast Process

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

Affordable Finance

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Low Interest Rates

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Unsecured loans

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

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Loan amount
£200 - £1,100
Loan term
1 - 4 Months
CUSTOMERSCORES
Fast services
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Loan amount
£100 - £2,000
Loan term
1 -12 Months
CUSTOMERSCORES
Excellent
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Loans on Benefits with Bad Credit

As the demands for loans and other loan services continuously increased throughout the years, the consequent surge in the number of borrowers with unpaid debts has prompted traditional lending institutions and firms to formulate solutions that would help address and prevent such problems in the long term. As a result, a credit scoring system was designed and devised to work towards the lending institutions’ intended ends. Under this credit scoring system, lending institutions were given the capability to easily classify the borrowers according to their respective financial capacity. Borrowers whom the lending institutions perceived to be highly capable of repaying their loans were easily segregated from the borrowers whom they perceived to be unlikely to be capable of paying off their loans at all. With this credit scoring system in place, individuals as well as other borrowers whose income levels do not meet what the lending institutions have required as the acceptable minimum were automatically given poor credit scores, while the borrowers who failed to make their payments repeatedly or frequently had records that automatically reflected their bad payment histories. As a consequence, borrowers with bad payment histories and poor credit scores were automatically disqualified from securing loans from any of the traditional lending institutions and firms. But while this credit scoring system has been proven to be effective and helpful to the lending institutions, it had effects that were proven to have extremely harmful effects to the borrowers’ finances in the long term. Because borrowers with poor credit scores and bad payment histories were automatically precluded from acquiring any kinds of loans from any of the legitimate lending institutions and firms, they were often left to choose with very few and often impractical, uncomfortable, and sometimes — just downright impossible options whenever they were faced with challenging financial situations.  And since borrowing from friends and family and selling off properties to raise money may not always be plausible nor easy, a lot of borrowers tend to resort to underground loan services in times of urgent financial crises. But although these types of loan services do allow borrowers the temporary financial relief that they crucially need, the long term consequences often associated with these loan services leave many borrowers in even worse financial crises. Because of the excessively high interest rates that are inherent to underground desperate loan services, borrowers are often left to deal with perpetuated difficult financial circumstances.

Pointers to Know About Loans on Benefits with Bad Credit

Getting Loans on Benefits with Bad Credit

With the continuously increasing number of borrowers with bad credit who found themselves in similar perpetuated financial crises, an entire new market composed completely of borrowers with poor credit scores and bad payment histories was eventually created. And as demands for better, more secure, and more affordable loan services continued to increase in this newly created market, lending institutions and firms later on came up with innovative new financial solutions. Through innovative loan services like loans on benefits with bad credit, UK borrowers now have access to better, more secure, and much more affordable loan services even despite their bad credit circumstances. With loans on benefits with bad credit, as well as other similar new loan services, borrowers now have financial options to rely on in times of urgent financial situations. And unlike many application procedures that are usually entailed in procuring conventional loans that are normally being offered in traditional lending institutions and firms, applications for innovative new loan services like loans on benefits with bad credit do not necessitate having to submit impossibly hard to secure requirements.

How to Get Loans on Benefits with Bad Credit

Through the latest innovations in technology, as well as the incessant evolution of the lending industry, innovative new loan services have now been made readily available to borrowers despite their bad credit circumstances. With loans on benefits with bad credit, as well as other innovative financial services, borrowers now have the convenient option of being able to submit their loan applications without leaving the comfort of their own homes. Because money loan applications can now be accomplished online, borrowers may now choose to submit their loan applications from anywhere, and at any given time. And because everything can now be accomplished entirely over the internet, loan applications are now processed as soon as they are submitted. Consequently, approvals of applications for loans on benefits with bad credit can now be accomplished in as little as just minutes after they have been processed. The release of funds for approved loans on benefits with bad credit, on the other hand, can now be expected in as early as just hours after the loan applications have been submitted.

Because of these useful features of fast loans on benefits with bad credit, as well as other innovative new financial services, these loan solutions are considered good options in addressing urgent financial situations. But since loans on benefits with bad credit as well as other similar innovative new loan services are generally just small loans that are typically arranged for borrowers to repay over short payment terms, these loan services do not make good alternatives in addressing more complicated financial circumstances. In addressing more complex financial situations that require bigger loans and a lot longer payment terms, borrowers as best off acquiring secured loan options, which allows loans in higher amounts and far longer payment terms.

Getting Loans on Benefits with Bad Credit from Direct Lenders

Although a lot of borrowers tend to believe that because securing loans from the lenders directly do not necessitate paying for loan brokers’ fees, it follows that this option yields most benefits — many seem to fail to realise that because these loan brokers maintain connections to numerous lenders in different regions, it also follows that they have comprehensive access to these lenders’ discounted lending services. Because of this, borrowers who choose to procure loans through the help of loan brokering firms actually enjoy a lot more benefits and savings in the long term.

Solving Cash Issues with Loans on Benefits with Bad Credit

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.