Emergency Loans for Bad Credit

NO 👍

Payday loans are for a few weeks only and

• Have high-interest rates typically from 365% to 1,575%
• Are small amounts typically from £50 up to £1,000

Our unsecured and guarantor loans are from 1 to 5 years and:

• Have representative APRs typically from 29% to 54.9%
• Are larger amounts from £1,000 to £15,000

CHEAPER 👍

If you have a poor credit rating, then the guarantor loan is typically the lowest cost

• Guarantor: 29% - 54.9%
• Doorstep: 535% - 757%
• Installment: 135% - 1,315%
• Payday: 365% - 1,575%

Before you apply, consider whether an additional debt is the only solution for you 🤔

Some ideas

• Vehicles
  • Friend or relative who is ‘good with cars’ who may be able to help with cheaper repairs?
  • Are you able to look up how to solve the problem online and do it yourself?
  • Buy a much cheaper vehicle up until you have saved the money for the one, you’d prefer?

• Home
  • Does that repair really need to be done now?
  • Friend or relative who may be able to help with cheaper repairs?
  • Are you able to look up how to solve the problem online and do it yourself?

• Tax
  • Try calling the Inland Revenue, discuss your situation, and if they can help with a payment plan?

• Business
  • Try speaking to your suppliers, and see if they will extend their terms so that maybe some of your expenses are deferred to when you can afford them?

In many situations, there can be alternative solutions and it is sensible to consider all these before committing to more debt.

Good question*

GUARANTOR

👍 ADVANTAGES

• Poorer credit files – available to those with the lower credit scores
• Less Expensive - Representative APRs typically from 29% to 54.9%
• Borrow more – from £1,000 up to £15,000

👎 DISADVANTAGES

• Guarantor – you need to find someone to be your guarantor
• Slower – can be slower as you need a guarantor and all the information from them (can be quick, even same day if they are)

UNSECURED

👍 ADVANTAGES

• Quicker – as you do not need a guarantor, they are more likely to be paid out the same day
• Simpler – only need application information from you

👎 DISADVANTAGES

• Credit score needs to be better
• More Expensive – rates typically from 26.9% - 89.9%
• Borrow less – £1,000 up to only £5,000

* Typical advantages and disadvantages only.

Applying is easy and mostly online 📱

1. Form - fill the 3-minute online application form
2. Quotes – on clicking get quotes after you’ve filled out the form, these will be presented online in 30-seconds!
3. Chose preferred – then chose your preferred quote and click on that deal
4. Finish – complete application with your chosen lender

Note that some lenders may need to speak to you (or your guarantor, if applicable) to finalise your application.