Bad Credit Loans

Bad Credit Loans 

Do you have a poor credit history? A low credit score? Are you struggling to get a loan approved because of this but your circumstances have changed and you can afford the repayments? We might be able to help you! 

Why choose us for your bad credit loan? 

There are a few good reasons for choosing us for your bad credit loan: 

  • If you are looking for loans for bad credit, then we offer flexible, short-term loans with repayment options of 3 to 12 months.
  • We do not charge fees for missed or late payments, and there are no application fees. You only pay what you agree upfront.
  • Our application form is entirely completed online. 
  • No hidden fees
  • Only ever pay back the amount you see on your Agreement. 
  • Please bear in mind that whilst we do not perform any initial credit checks, our Partners may do so. 
  • No Guarantor required. 

What are bad credit loans exactly?

Bad credit loans refer to the type of loan financing available to those who have a poor credit score. A bad credit history will inevitably mean getting financing is difficult, especially if they have had any CCJ's in the past. 

Lenders want to help but there are inherent additional risks in providing customers with bad credit loans due to higher default rates. This means that the interest rates are higher so as to cover those risks when spread amongst many such loans. We at The Quick Loan Shop Ltd are no different in this regard. 
As per our promise on our Homepage, we absolutely will consider your credit application even if you have a bad credit score. 

How can you check if you have a poor credit score?

In the UK, there are a number of Credit Reference Agencies that keep tabs on your credit score. Naturally, you have a right to view those scores in your credit file. In fact, we would strongly recommend that you do so in case you discover something amiss, you are able to challenge it and correct your file. 
The main agencies are: Experian, TransUnion and Equifax and they charge a fee for you to view your file. It is therefore worth noting that Clearscore and Credit Karma may be a cheaper solution to learning your score since they are largely free. 

Do you have any questions about bad credit loans? 

Let's look at some common questions we are asked: 

  • Firstly, how can you get a loan with bad credit? The answer to this one is easy, simply apply with us and we will fund you directly ourselves or try to find an alternative lender who will. 
  • You understand that bad credit loans involve a higher risk that attracts a greater APR but what is it? Our Typical APR is viewable on our Homepage, among others, and the specific APR for the loan you want will be shown to you before any Agreement is signed. 
  • How much will the loan cost? Our online calculators provide the total cost of the loan to you before you even make an application. 
  • What type of loan can you apply for? You can apply for a short-term 30-day payday loan or a longer-term instalment loan; from 3 to 12 months. 

If your questions have been answered above and you are ready to apply, please do so by clicking the following links: 

30 day loans: Application for a short-term loan

3 to 12 month loans: Application for an instalment loan