Warning: Late repayment can cause you serious money problems. 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.

Loans for Very Bad Credit Direct Lenders

If you’ve got a credit score that is not so impressive and you need to get a loan, there are still many options for you. Many loans in the market are designed purposely for borrowers with very bad credit. When you are looking for loans for bad credit direct lenders, you can opt for secured loan, unsecured loan, guarantor loan, payday loans and more. So, there is no need for you to worry. Surprisingly, if you’ll search online, you’ll find many loans for bad credit direct lenders willing to offer you an option.

Here are your options:

Secured personal loans
If you are a homeowner and are willing to use your property to secure a loan, you’d qualify for a secured loan. A secured loan will help you get a lower interest rate. Guaranteeing your loan can get you a larger amount and possibly low rate cost than if it were unsecured.

Unsecured personal loans
In contrast with secured loans, unsecured loans are a bit more expensive. You are also perceived as a high-risk borrower because of your credit score. And, with nothing to guarantee the money you are going to borrow, expect to have higher interest and fees on the loan.


Important Facts to Know About Loans for Bad Credit Direct Lenders

Logbook loans
If you are a non-homeowner, there is another way to secure a loan. It’s called a logbook loan. A logbook loan is secured against any vehicle like your car, van, motorcycle or even a boat. You’ll find many logbook lenders if you are looking for loans for bad credit direct lenders.

However, you must be aware of the consequences of secured loans if in any case you cannot make the loan repayments anymore. The lender will repossess your property used as the loan collateral. The direct lender installment loans for bad credit will then sell it and use the money to cover for your loan balance.

Payday loans
If you are looking to borrow a small amount of cash that is payable in a short period, consider applying for a payday loan. Payday loans have always been a quick and easy way for those with very bad credit to get cash.

Perhaps you just need £100 or £200 cash to cover expenses until your next paycheck, payday loans are your best alternative. You can even borrow up to £1,000 for over thirty days. Payday loans can help people who have a very bad credit rating in times of unexpected financial emergencies and there’s no one else to turn to. Creditors offering payday loans are probably the most popular loans for bad credit direct lenders.

Doorstep loans
Doorstep loans, also commonly known as home credit, are also a helpful option if you have a very bad credit. You can borrow up to £2,500, but this depends on the lender and it is subject to affordability. With personal service right at your doorstep, most people who are looking for loans for bad credit direct lenders prefer doorstep loan lenders. These lenders are very considerate and lenient. People with very bad credit often use this type of loan for unplanned expenditure such medical bills or your car needs some immediate fixing.

Instant loans online
Majority of lenders today operate fully online. Loans for bad credit direct lenders online are abundant, so you need to compare their rates and fees. Instant loans online are a viable source if you are looking for loans for bad credit direct lenders because they are less strict on the eligibility criteria. The same-day processing of these loans can give you with the funds you need as quickly as possible. Many people who use these short-term loans could appreciate the convenience and speed of online instant loans when there are no other options available.

Guarantor loans
If you have a very bad credit score, you can also get a guarantor to help you get the money you need at a more affordable cost. With this type of loan, you’ll need another person with good credit and regular income to agree to take the responsibility of your loan if you can’t make the repayments anymore. With a guarantor, you can be offered a lower interest rate.

Guarantor loans usually preferred because you could borrow between £100 and £15,000 with a friend or a family member as a representative that will guarantee your repayments. A guarantor loan is much cheaper and more flexible than some other forms of borrowing for those with very bad credit. Loans for bad credit direct lenders that allows guarantors are an absolute help for your case.

Loans for Bad Credit Direct Lenders:

Banks are usually the port of call for people looking for some funds, but not for the case of those with very bad credit. You can take out a loan from nonbank lenders, P2P loan lenders, and credit unions.

P2P Loans
Peer-to-peer or P2P loans are also a good choice if you are looking for loans for bad credit direct lenders. Peer-to-peer lenders help you request funds from investors rather than from financial institution. P2P works like a bank, except that the interest rate for the peer-to-peer lending are higher. The interest rate will be higher than that of banks and regular loans, but it is a great option for those with very bad credit. Peer to peer lending can offer better deals than some traditional loans.

Credit Unions
You can also work with a credit union if you are looking for loans for bad credit direct lenders. Credit union loans are offered by community-run co-operatives. Loans from credit unions are also much easier to get than from a bank because their credit standards are often more relaxed. Since they are not-for-profit organizations, they can offer loans that are much lower than profit-driven banks. However, you first need to be a member of the credit union, and put in some money as your fixed savings for you to qualify for a loan.


Even if you don’t get approved on your first attempt to get a loan, it doesn’t mean that everyone is going to turn you down. Each lender has its own unique and different set of rules and criteria in order to get approved. All you need to do is to find the right lender to get the job done. Each lender has its own different perspective in validating and reviewing your credit history. So don’t lose hope.

While most lenders would only consider borrowers with good credit, this doesn’t mean that there are no lenders who doesn’t accept ones with bad credit. Lenders that require high credit score are usually ones that offer low interest rates for their loans. So, if you know your credit history is very low, you know most likely be turned down by these money lenders. However, don’t lose hope. You can still find loans for bad credit direct lenders who are willing to work with you.

Applying for Loans for Bad Credit Direct Lenders