Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Apply Today

Short-Term Loans

 

Apply Today to Borrow up to £995

 

Online decision
Responsible lenders
3-12 month repayment
Rates from 278% to 1576%

Apply Today

Personal Loans

 

Apply Today to Borrow up to £25K

 

Instant decision
2-Min Application
3-36 month repayment
Rates from 4.7% to 278%

Representative Example

Representative example of the total cost of the loan, including all applicable fees – Typical loan size of £25,000 over 120 months = £275.82 pm, 4.35% Variable APR – 6% (including £1800 in interest) total repayable £33,098

Maximum Annual Percentage Rate (APR) – approx. 24% (lender starting rate 18%) – Typical Apr will be around 8%

*We are not a lender, we provide a free credit brokering service. We will never charge you a fee for using our application.

Simple Application Process

Safe & Secure

Absolutely No Fees

Fully Legitimate and FCA Registered

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.

Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

It is our ultimate goal to make your lending experience as easy as possible.

If you have any queries feel free to contact our dedicated team of experts today.

Competitive Examples From Other Companies

Loan amount
100-1000
Loan term
14 days - 12 months
CUSTOMERSCORES
Flexible Term Periods
Apply Now

Show More ▼

Loan amount
80-200
Loan term
1 Month
CUSTOMERSCORES
Excellent
Apply Now

Show More ▼

Using Money Loans When You Have A Bad Credit History

Most borrowers are aware of the credit report and how huge its role is in the financial aspect of our lives. Most people think that the only reason why another person borrows money loans is that they don’t have enough money; however, loans are beneficial in many ways. For instance, you can use it to consolidate debts, pay for larger expenses, or as an additional fund. Since it can be used for different purposes, loans are everywhere. However, this doesn’t mean that everyone is welcomed to use it. Loan seekers with low income are often rejected or, in case they are approved, they are facing tremendous interest rates. Therefore, to achieve the best deal, having a good credit score is a must. This means getting a remark of 700 or above in a range of 300-850 while an excellent score means obtaining a remark of over 800. A good credit surely increases the rate of approval but an excellent credit remark always score the best deals – low-interest rate, flexible repayment term, and big money loans amount. Being a responsible borrower comes with a reward, such as making a new line of credit very easy. Meanwhile, those who have committed defaults, late payments, and the like, face consequences, including expensive rates. Nevertheless, it’s still ideal to use money loans as a last resort and only if the borrower is capable of repaying it. If you’ve successfully applied for money loans, be sure to settle it on time; this way, you’ll end up with a good or excellent credit remark. why choose money loans Unfortunately, scoring a bad credit isn’t always money loans-related; there are other reasons why a borrower damages his credit report. Below are the top two things they make that leads to an unfavorable financial situation.

  1. Consuming The Credit Card’s Maximum Limit

One way of exposing yourself to debts is by using a credit card, and this is why most people opt for one credit card alone. They think that it will somehow minimize the debts. While this is true at some point, it can also be harmful to your credit rating. Let’s say you’re paying for dues on time but using it to its maximum is as bad as not settling it on time. The term “utilization” represents the percentage of the available credit utilized. If your credit limit is £1,000 and you’ve consumed £500; this means that you’ve utilized half of your credit card. Although you’re religiously paying on its due date, a high utilization decreases your credit score. Thus, to avoid a bad credit remark, it’s best to use only at least 20% of your credit card. If you are aiming for a high credit score, it’s safe to say that you should put your equal attention to money loans and using only a portion of your credit card; maximizing your credit card only means that you’re almost overspending. In addition, most companies determine your income-to-debt ratio through the credit limit, thus a high utilization shows how much your income is consumed by your debt. Nevertheless, there are ways on how you can avoid putting yourself in such situation, such as increasing your available credit and paying frequently.

  1. Failure To Check Credit Reports

Ideally, every borrower, who wish to borrow money loans, should check their credit report at least once a year. The copy is given for free by credit agencies and you can use it to check mistakes or inaccuracies. Any record of bankruptcy, CCJs, arrears, late payments, defaults, foreclosure, and the like are entered into the account. In case you found discrepancies, report to the responsible departments immediately. This is one way of fixing your credit remark. Meanwhile, if it happened because of your own negligence, you can improve the rating by repaying all outstanding debts.

What To Do When You Have A Bad Credit History in Money Loans?

For instance, you need money loans but your credit report is still damaged, what’s the best thing to do? Do you send an application despite the bad credit remark? Or look for another option? Well, it depends. Ideally, it’s best to fix the credit remark first to increase the chance of getting approved and to get a loan with a low-interest rate and better terms. Otherwise, you can look for a lender who will handle an application from a borrower with bad credit remark. Luckily, it’s easier to find a lender online. Money loans, which are acquired over the Internet, offer a fast and convenient way to get an extra fund. It reduces the time and effort spent when applying traditionally. Most requirements are easy to provide; a solid proof of income and a working bank account is enough to get the money loans provider approval. Conducting a credit check is mostly non-existent; however, if the lender asks for your credit rating, they might only use it to determine the maximum amount you can borrow, interest rate applied, and the repayment term. Money loans are useful for various occasions and purposes, and as a borrower, you’re not obliged to state your reason to the lender. It is beneficial when you don’t have extra cash and you need to repair your car, for home improvement, when buying groceries, or paying utilities. It can also be used for leisure, such as traveling or purchasing a new gadget. However, money loans online are known for its expensive rate, therefore, it’s important to find the right lender first. A bad credit loan comes with several consequences and aside from the overall costs, the amount provided is smaller than regular loan options. Furthermore, the repayment term is short; it usually takes places after two weeks to one month. Therefore, it’s important to find a loan provider who will offer the best deal for money loans. You can start by going online; in just a few clicks, you will find a number of lenders and their competitive rates. It pays to shop and compare first rather than settling with the first company you see. Check out the feedback from their former clients to know what kind of service they offer. Are they aggressive and intimidating when asking for the repayment? Are they transparent with all their fees? Are they willing to answer all your concerns? If their customer service is negative, it’s best to ditch the loan provider no matter how appealing their terms and conditions are. benefits from money loans

3 most recent personal loan reviews

Review of Credit My Funds

Simply amazing! Quick, professional and understanding. Great agents over the phone. Thanks for helping me again!

Review posted by Shah Azad, Brighton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Money Supermarket

The best and more serious loan company, Moneysupermarket without a doubt! Fantastic customer services and great communication , lots of good advice in how to manage your loan and very reasonable rates in accordance to your possibilities. Perfect for that extra pending project without making a big dent to your monthly income. Highly recommended!

Review posted by Maria Bidell, Manchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Giff Gaff Money

This has proven to be an excellent service. Quick, efficient and trusting.I would definitely recommend Giffgaff loans to friends and family in the future.

Review posted by Donna Blanford, Glasgow

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.