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 ▼

Loans for Bad Credit UK

Due to the increasing dependence of households and businesses on loans and other loan services, the consequent rise in the demands for loans and the subsequent surge in the volume of delinquent accounts have prompted traditional firms and institutions to devise solutions that would help address such problems, even in the long term. As a result, a credit scoring system was devised and designed to help lending firms achieve their intended ends. Through the same credit scoring system, lending institutions had the capability to classify borrowers according to their respective financial capacities. Borrowers whom the lending institutions perceived as having the tendency to be unlikely capable of paying off their respective loans in the future were easily segregated from those whom they believed to be most likely capable of paying off their debts with little to no problem at all. With this credit scoring system in place, individuals as well as other borrowers hoping to secure loans for bad credit UK whose income levels do not meet what the lending institutions imposed as the required acceptable minimum were automatically given poor credit scores, while those borrowers who failed to make their regular payments frequently or just repeatedly automatically had records that indicated their bad payment histories. Under this credit scoring system, borrowers with poor credit scores and bad payment histories were automatically precluded from taking any type of loans for bad credit UK from any of the standard lending institutions and firms.

This credit scoring system, although proven to be extremely useful to the lending institutions, had serious effects that were proven to be highly detrimental to the borrowers’ finances in the long term. Because borrowers with poor credit scores and bad payment histories were automatically disqualified from securing any more loans from any of the legitimate desperate loans lending institutions and firms, they were often left to settle with taking loans for bad credit UK from underground loan services. And while these types of loan options do provide borrowers with the temporary monetary relief that they crucially need, the long term consequences that are often linked to these kinds of loan services leave many borrowers in even worse financial circumstances. Because of the inordinately high interest rates that are inherent to underground loan services, borrowers with bad credit are often struggling even more with their finances, often trapped in a cycle of even more difficult financial circumstances.

Ending Your Cash Issues with Loans for Bad Credit UK

Getting Loans for Bad Credit UK

As more and more borrowers with bad credit scores and poor payment histories found themselves in similar cycles of difficult financial circumstances, however, an entirely new market comprised solely of borrowers with bad credit was inevitably created. And as demands for safer, more affordable, and more flexible loan services continued to increase in this newly formed market, lending firms and institutions later on developed innovative new loan solutions designed especially for borrowers in bad credit situations. Through innovative new financial services like loans for bad credit UK, borrowers now finally have access to much safer, more flexible, and a lot more affordable loan services even despite their bad credit circumstances. With loans for bad credit UK, as well as other innovative new loan solutions, borrowers finally have money loan options to rely on especially in times of desperate financial situations. And unlike application procedures for majority of the conventional loans that are typically being offered in traditional lending institutions and firms, applications for innovative new loan services like loans for bad credit UK do not necessitate having to submit impossibly hard to procure requirements, nor do they involve having to wait in long lines for many hours just to submit loan applications.

How to Get Loans for Bad Credit UK

With the latest developments in technology and the continuing evolution of the lending industry, innovative new financial solutions have since been made readily available to borrowers in spite of their bad credit situations. Through innovative loan services like loans for bad credit UK, borrowers may now conveniently submit their loan applications without even having to leave the comfort of their own homes. Since loan applications can now be completed entirely online, borrowers may now choose to submit their loan applications from anywhere, and at anytime. And because everything can now be completed entirely over the internet, loan applications can now be easily processed as soon as they are submitted. Consequently, approvals of applications for loans for bad credit UK may now be completed in as little as just mere minutes after they were processed. The release of funds for approved loans for bad credit UK, on the other hand, may now be accomplished even on the very same day that the loan applications were submitted.

With these fast and useful and convenient benefits of innovative new loan solutions like loans for bad credit UK, these loan solutions are considered one of the best options in addressing urgent financial situations. But because loans for bad credit UK as well as other similar loan services are usually just small loans that are typically arranged for borrowers to pay off over short payment terms, these loan solutions do not really make good options in addressing more complex financial situations. In addressing far more complicated situations that require loans in bigger amounts and a lot longer payment terms, borrowers can rely on secured loan options, which they can repay easily in far much longer payment terms.

Getting Loans for bad credit UK

The common misbelief among borrowers is that of just because procuring loans from the lenders directly do not involve paying for loan brokers’ fees, it automatically follows that this option allows more savings. What a lot of borrowers fail to realise, however, is the fact that since loan brokers have connections to different lenders in different regions, they also have access to all their discounted lending services. Because of this, borrowers who secure loans through loan brokering firms actually enjoy far more savings in the long term.

How to Find The Best Loans for Bad Credit UK

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.