Bad Credit Loans Online
With a poor credit score, it can be difficult to get a loan for bad credit. We understand that even those with poor credit ratings may need money in an emergency. We help customers every day to get money from a variety of lenders that offer loans for people with poor credit.
Credit score can be affected by many factors. You might have missed payments on a loan or had trouble managing your finances. You might not have used enough credit to prove that you are able to repay future debts. It doesn’t have be difficult to apply for a loan if you have poor credit.
What are bad credit loans?
Banks and traditional lenders often look at your credit history to determine if you are able or not to repay a loan. This assessment process can make it extremely challenging for those with a bad credit history to borrow money.
Lenders are more likely to consider the individual circumstances of borrowers with poor credit when offering loans to them. It is important to determine if you are able to repay the money borrowed. This will be based on your current financial situation, not past credit history.
What types of loans are available for those with bad credit?
From guaranteed loans to lenders offering specialist loans for bad credit online, it’s all about what suits you and your circumstances. These are the most common options:
- Car loans for people with bad credit
- Bad credit payday loans
- No guarantor loans for people with bad credit
Our trusted network of lenders offers flexible loans from PS100 to PS10,000, with repayment terms between 3 and 60 month. You can choose between a 3,6 or 12-month repayment term if you borrow less than PS1,000. If you require more, however, our lenders may be able offer a longer repayment term of up to 60 month. Below are the loan amounts that you can apply for and the repayment terms.
Can I get a loan even if I have bad credit?
A bad credit score doesn’t mean you can’t get a loan. However, you might have a harder time getting approved than those with better credit histories. There are many reasons you might have poor credit and we don’t think you should be penalized too much for past mistakes.
Our quick loan eligibility checker will give you an indication of your likelihood of being accepted without affecting your credit score. Simply tell us how much and for how long. Then we will ask you for some additional information about yourself and your circumstances. You can then complete our simple and speedy application form, at which point a soft check conducted, this will only be visible to you on your credit file.
If you are accepted for a loan we will refer you to the most likely lender to approve your application. The lender will then contact you directly. A credit check will also be conducted.
What loan company is the best for bad credit?
There is no one-size fits all solution when it comes to loans for people with bad credit. Your unique situation will determine which lender is the best. Consider the following factors when choosing the right lender: The interest rate, the monthly repayments and your ability to repay the loan on time.
At Little Loans we specialise in finding short term loans to suit your needs, whatever they may be. We can help you find the best interest rates for you, even if your credit score is not high. All loans are subject to status. However, our website makes it easy to apply online. We will use your information to find the best lender for you.
How do I apply for a loan?
After you have completed the quick and easy application form, you can proceed with the lender directly. While we will match you with the most favorable rate for your situation, they may need more information to approve your loan.
Our panel of lenders will consider factors such as your monthly income and your outgoings when considering your application. Your chances of being accepted are affected by your ability to be truthful and accurate in filling out the application.
If you decide to proceed with your application, the lender may conduct a hard credit review. This will provide them with information about your financial history and credit score. This will impact your credit score. The cash could be deposited into your bank account within minutes if your application is approved. It depends on how much you are borrowing and the processes of your bank. Unfortunately, these systems and processes are beyond our control.
Why should you use a broker to help you?
It can be difficult to apply for a loan, especially if your credit score is not good. It can be hard to find a solution that is affordable with so many lenders and options. As an online loan broker, Little Loans works with a panel of direct lenders to help connect you with the most appropriate loan for your circumstances. We will match you with the most likely direct lender on our panel to approve your loan application.
I need advice about my debts. Whom can I talk to about my debts?
It is important to think about how borrowing additional loans could impact your credit rating if you are in financial trouble. The following organizations can offer impartial and free advice if you have concerns about how to deal with rising debt levels and financial obligations.