If you have bad credit, but need money fast, you can try applying with an online lender. We offer loans
between £300 and £1,500 that can be paid over 3 to 9 months (though you can pay earlier at any time and
save on interest). Don’t let your credit score get in the way of borrowing the money you need! Apply now and get
the money within 1 hour of approval.
What is it
Loans for people with bad or no credit history
Who is it for
People who live and work in the UK
Amounts
£300 to £1,500 (in increments of £50)
Duration
Pay back our
loans in installments of 3 to 9 months
Approval rate
Apply regardless of your credit rating
How to apply
Fill out our online form and get an email reply
Requirements
Be over 18 and have UK payslips
Good to know
Repay early with no penalty and save
NEED MONEY FAST? CLICK HERE TO APPLY!
Will I get my loan fast even though I have bad credit?
It’s easy to think that because you have bad credit, it will take us longer to approve your loan. At QuickLoansExpress,
we fund your loan fast, no matter what your credit score. Here are some benefits of applying with us:
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We approve people with bad credit just as fast as we approve people with good credit
We wouldn’t blame you for thinking that people with bad credit take longer to approve than people with good credit.
However, because our loans are designed specifically for people with all credit scores, all pre-approved applications
take an average of 3-5 minutes to approve (assuming we don’t require any supporting documents).
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You get the same interest rate, no matter what your credit score
We know that traditional lenders adjust their interest rates according to a person’s credit repayment history. With
us, all borrowers get the same interest rate – regardless of their credit history.
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The same rates and terms are available to all borrowers
Whether you have good, fair, or bad credit, all borrowers have access to the same borrowing terms. Regardless of
your credit score, if you pay your loan with us on time, you may get access to higher loan amounts in the future
– subject to affordability checks, of course..
Remember, no matter what your credit score, you can apply with QuickLoansExpress as long as you fulfil our basic eligibility
criteria.
What other types of loans are available if I have bad credit?
Since bad credit loans come in small amounts and with high-interest rates, there are other ways to borrow that you should
consider first:
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A
guarantor loan is when someone else makes your payments for you if you can’t. If you’re looking for a
loan, having a guarantor with a good credit score can help you get one at a lower interest rate or with an increased
limit. However, being a guarantor means risking your own personal property by taking out a loan for someone else.
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A
secured loan is when you use something valuable (your house, car, etc.) as security for a loan. If you
don’t pay back the loan, then the lender can take possession of the item used as security. However, if you’re willing
to take on some additional risk, lenders might be willing to give you better terms or larger amounts than you would
normally qualify for.
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You might be able to get a loan from a
credit union. They’re non-profit organizations who’ll consider factors outside of a bad debt history when
deciding whether to give you a loan. Some
credit unions limit their memberships to people living in a particular region or belonging to a specific occupation.
Others insist you must pay back your loans first before they’ll lend you any money.
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Budgeting loans – if you’re on benefits, you may be able to get an affordable, no-cost, zero percent
APR budgeting loan from the government. You can claim up to £812 for essential items including clothes, rent, and
groceries. You need to claim certain benefits to qualify for them. You can apply for help by visiting Gov.UK.
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If you need to borrow a small sum of money but don’t mind paying it back quickly, then
credit builder credit cards may be for you.
Credit builders act just like any other type of credit card. The key difference is that your credit limit might
be lower, and you may pay higher interest charges than a normal credit card. However, if you use it responsibly,
you can build up your good standing with lenders and banks, which means you’ll be able to get better rates on loans
and bank accounts in the future.
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A prearranged or an
authorised overdraft can give you some flexibility but should only be used when needed because there may
be high costs associated with them. It’s also unlikely that you’ll be able to get as much money from an overdraft
than from a loan. On the positive side, you can clear your overdrawn account whenever you want. If your credit
rating is bad, however, you might not get any overdrafts at all.
If none of these options work, you might consider borrowing from family or close acquaintances. If you’re not sure whether
you’d qualify for another type of loan, this might be an option worth considering.