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.

Personal Loans that are Unsecured

It is so easy to get the finance you need today. Here at KnightFinance we pride ourselves on finding the right payment plan to suit anyone’s individual needs. Whether you are looking to borrow a small amount over a short period or are looking for much larger finance agreement we are able to help. Also known as personal loans or signature loans, unsecured loans are becoming a massively popular alternative to the standard bank loan. What unsecured refers to is how the finance is issued depending on the individual’s creditworthiness. Now when that comes to a bank loan, yes this is regarding your credit score, often making it difficult to get the finance you need. However, when we are talking about a loan that is not from a bank this is not the case. Many companies and lenders will not look at your credit score and will gauge your ability to repay on your current employment. So what is an unsecured loan really? This is quite an easy one, all it means is that the loan is not guaranteed by a property or vehicle. Because the lender does not have a source of collateral, just in case you default on payments for whatever reason, the interest for these loans can sometimes be higher than their counterparts. For those with bad credit, though, they are perfect for getting you back on track.

As a full time student working two jobs to get the bills paid and still being skint all the time, having a short term loan between pay days can be useful. Used Knight Finance after a recommendation from a friend and I’m glad I did. Borrowed just under £200 and paid £212 back, no where near the interest I would have paid elsewhere. Will definitely recommend if you’re strapped for cash and know you can pay it back.

Photo taken by Jonathan Chen

Alexia Newton

Support Worker

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£100 - £2,000
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Cash Lenders for Bad Credit

If you need some funds but have trouble getting a loan because of bad credit, trust me you are not alone. Hundreds or probably thousands of people with bad credit search the internet for immediate credit solutions.

While getting a loan with bad credit can be a bit tough, it is not impossible to find good cash lenders for bad credit. What is important is that you have a steady income. Just be sure that you can afford the repayments, so you won’t drag yourself to a deeper financial trouble.

Loans from Cash Lenders for Bad Credit

Loans from cash lenders for bad credit are small, unsecured type of loans that you can borrow just enough to settle urgent payables and expenditures. Cash loans are often associated with payday loans, instalment loans, online loans, personal bank loans, and flexible loans.

Cash loans as unsecured loans means that you don’t need to have them secured against any of your personal assets. The most common examples of a secured loan are mortgage and car loans. With a mortgage, your house could be at risk if you default on the loan. Same with a car loan with the vehicle as the collateral.

The Importance of Finding The Right Cash Lenders for Bad Credit

Way back several years ago, it was common to get a cash loan on the high street, but today most borrowers are increasingly using the internet to find fast cash loans. You’ll find most cash loans available conveniently from online cash lenders for bad credit. You can take out cash loans from these lenders anytime as quickly as you need them.

You just fill out a direct lender loans for installment bad credit application form on the lender’s website and submit it as soon as you complete the application form. Once approved for a cash loan, the funds are transferred straight into your bank account in a few hours or within the day. With same day cash loans, you will get your money within 24 hours.

Cash lenders for bad credit allow you to borrow cash and used for any personal reason.  However, you must keep in mind that these loans should only be used for a financial emergency. Otherwise, you might be buried with more debts because of your low rate bad credit. You can apply for cash loans to help you with urgent appliance and car repairs, emergency dental work or medical bill, urgent trips, and other important necessities.

However, it is important that you never end up relying on cash loans in order make ends meet each month or use it for frivolous spending only. Cash loans are designed as short-term help for any financial emergency when your monthly paycheck is still a couple of weeks away or is not enough to cover an urgent expense, and you have exhausted all other cash borrowing alternatives.

Taking out Loans from Cash Lenders for Bad Credit

Loans offered by cash lenders for bad credit work just like any other types of loan. If you’re applying for cash loans online, you can complete the application process within minutes. The lender will then assess you, and you’ll get a response in minutes. Lenders typically perform a number of evaluation when assessing you for cash loans. This means they will see whether you’ll be able to pay the loan back on time.

The repayment depends on the cash loan you apply for. Some cash loans have term loans for over three to six months or even a year. However, if you take out a payday cash loan, you would be required to repay the loan, plus the interest and fees as quickly as in two to four weeks. In most cases, you would be paying one lump sum at the end of the month. If you choose to take out an instalment cash loan, you can benefit from a number of staggered payments over a period of months.

Some cash loan lenders levy fees, usually if you miss or fail to make a payment, and some charge service fees. Check their lender what kind of fees they charge. Take note that when you pay back the loan, you will be paying not only the amount you borrowed, but you also have to pay back interest and any fees and charges.

Lenders may have different criteria when it comes to approving cash loans. However, the general requirements include being at least 18 years old, a resident of the United Kingdom, employed or having some form of income earning at least £750 after tax.

Cash Lenders for Bad Credit

Cash lenders for bad credit work with credit reference agencies who will run checks to understand each applicant’s circumstances whether he or she will qualify for an unsecured loan. Your credit score provides the lender a better reference of your previous forms of debts. But, if you have poor credit, that does not necessarily mean your application will be rejected right away or be banned for getting one.

The FCA mandates all responsible and authorized direct lenders to carry out a credit check. However, there are lenders who take into account affordability checks instead of just looking into your credit score. If they can see that you are capable of paying your loan back on time, and you meet their eligibility requirements, then you’ll most likely be granted a loan.

Cash Loans Regulations

The FCA has placed tighter regulations on cash loans especially on payday loan lenders. This is to ensure the loans they offer are far more secure and that lenders operate a safe way to borrow money. When you choose cash loans from authorized lenders, you will benefit from the FCA regulations. In other words, interest rates, fees, and other charges of the loan are capped.

Key Points

Choose responsible cash lenders for bad credit who implement FCA regulatory practices. Furthermore, be extra careful when applying for cash loans online, as there are many scams and fraud. Check out the lender’s website and read its terms and conditions, as well as its customer reviews.

Choose a lender who is transparent with the fees and loan features. Some lenders charge application fee, service fee, late payment fee, and default fee. So, make sure you are aware of all the charges involved. Some lenders also encourage early repayment. If you are able to pay back your cash loans early, please do so. However, while some lenders do not charge early settlement fee, some lenders charge a certain fee plus interest.

Most cash lenders for bad credit you’ll find online would approve or reject applications quickly. This way, you can get the money you need quickly if approved or seek elsewhere if declined. Cash lenders for bad credit let you borrow money for emergency and thus, they need a fast or instant feedback as possible. Choose a lender that offers efficient loan services. There should be no hassle or unnecessary paperwork for these types of loans.

Why You Should Find The Most Reliable Cash Lenders for 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.