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 ▼

Very poor credit loans you can consider in the UK

How can i borrow money with bad credit? While you may still find it a bit of a struggle to search for lenders who can cater your funding request without the appropriate credit rating, there are still a good number of credit providers available in the UK who are willing and ready to strike a credit agreement with you. It’s important to know that you have options in terms of unsecured forms of borrowing and these are readily accessible from reputable sources.

What’s more, lenders providing bad credit loans will generally use what is known as a soft credit check every time you submit an application to determine whether or not you are eligible and for what amounts and rates. The beauty about a soft check is that it won’t leave any negative marks on your credit report which means you can apply as much as you want without being worried on what it might do to your credit rating.

Very poor credit loans with no credit check

If you want to access unsecured bad credit loans that are offered in small amounts anywhere from £100 – £2,000, with short-repayment periods, payday loans are the options that you might want to consider. Here are two unique things about the loan that you might want to know about:

 Credit providers that offer payday loans will require you, as the borrower, to issue a check for the same amount that you intend to take out plus interest rates.

 The credit provider will secure the check and cash it in until your payday loan becomes due as a means of collecting payment. Normally, this will happen in your next payday hence the loan’s name.

The beauty about payday loans is that they provide a quick and seamless way for borrowers to secure instant funding that can be of great help in times of emergency situations. Often, it takes several minutes to successfully complete an application online and an even shorter time to wait for a response from your lender. And once you are approved, you can often expect the money that you borrowed to be deposited into your bank account in the same day or the following day at the latest.

Very poor credit Loans without a guarantor

Lenders providing very poor credit loans normally require borrowers to offer a guarantor to offset the risk involved in their credit rating. However, if you have a car that you can comfortably offer as collateral, then you can obtain large amounts of funding for lower rates even if you have bad credit.

Mostly, you can borrow as much a £50,000 through a logbook loan although this will all depend on the market value of your vehicle. Lenders will normally allow you to borrow as much as 50% or sometimes 75% of your vehicles trade-in value.

The beauty about the types of financial products is that you are allowed to keep using your vehicle as long as you manage to make the proper repayments on time and on the agreed terms and conditions. On the flip side though, you can lose ownership of your vehicle if you fail to keep up with your payment duties.

Very poor credit loans for people with bad credit

Now if you want to enjoy the emergency funding features of payday loans minus the short-repayment period, you can opt with installment loans for poor credit as viable options. Unlike payday loans that you will need to pay back in full plus some form of fee after a month or in your payday, installment loans for bad credit can be paid back slowly for several months or a year.

Installment loans follow fixed monthly repayments which means that you will know what to expect each and every month. What’s more, lenders typically allow you to pay off your loan in advance so you can save yourself on a shortened payment term. Not everyone offers this kind of perk though, so be sure to check before you make an application so you know what to expect.

Finding the ideal very poor credit loans from a direct lender

No matter what kind of no credit check loans or unsecured personal loans bad credit you are planning to apply for, it’s important to shop around and determine the options that are available to you. As much as possible, you want to ensure that you are obtaining the best terms possible and this means the cheapest interest rate for a payment schedule that works best for your budget. Normally, short-term loans will have higher rates than personal loans while you can get the most affordable terms if you opt with secured options.

Also, its important to read the fine print before signing your loan contract. While most loans for bad credit do not come with any hidden fees and charges, there are those that have and its best that you avoid them at all cost. With that being said, take your time in shopping around and comparing the existing options so you can find the one that works best for you and your finances!

Very poor credit loans in the UK can help you rebuild your credit score

Aside from helping you access credit when banks and other mainstream lenders are avoiding you because of your bad credit rating, very poor credit loans can also help you improve your credit score in the long run. This of course, will be possible only if you cover your repayments on time and according to the terms and conditions that you have agreed upon with your lender.

Once you have cleared off your poor credit loan without any issues, you should be able to secure a more than better credit rating. In time, after you have taken enough loans and successfully completed their repayments, your credit score should be in acceptable levels. When this happens, it would be easier for you to take out different loans from other lenders with better rates and terms .

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.