When searching for a trusted lender online, having bad credit can leave you finding few options to help when the unexpected happens. The good news is there are lenders available that can provide the specialist help you need even with a poor credit history. At LoanPig, we can connect you with trustworthy lenders of loans for bad credit up to £1500 if you can afford the repayments. Rather than focusing on your financial past, as direct lenders and brokers, we can focus on the present and your affordability today, whether you have a good or bad credit finance history.

With flexible terms up to 12 months available, use our handy slider to choose the amount and terms you want for a bad credit loan and click apply now to start your application today.


What Are Bad Credit Loans in the UK?

If you have applied for any form of credit such as a loan, credit card or even a mortgage, you’ll know how important your credit score is to the lender. They use the information in your credit report to decide on what rate to offer you and whether they are able to accept your application. Having a bad credit finance history will influence the lender’s perception of your ability to repay the loan, even if your finances are much healthier today. This is where bad credit loans in the UK can help you.

Your credit score is an indication of your ability to maintain a credit agreement and your financial past. It provides lenders with an idea if you are able to afford the credit you are applying for. If you have a bad credit score, you will find that many lenders will not offer you credit and simply decline your application. If this sounds familiar and you’ve found it difficult getting the funds you need, loans for bad credit can be an ideal solution.

Here at LoanPig, our bad credit loans are designed for people with a bad credit history. We look further than your bad credit rating when assessing your loan application, focusing more so on your affordability and current financial status. If you are unsure if you’re an eligible candidate for credit and have been declined elsewhere, our payday loans for bad credit could be an affordable option for you to help in an emergency situation when it arises.


Loans For Bad Credit – Who Are They Suitable For?

When looking for payday loans for bad credit, it can be frustrating if you happen to have bad credit due to mistakes made in the past. A lender turning you down is not only disappointing, but it will have a further negative impact on your credit score. This doesn’t help you at all when you need a quick cash injection to resolve an unexpected expense or financial emergency. With very bad credit loans designed to help people in your circumstances, your situation can be resolved quickly and without the worry of being declined before being fully assessed.

At LoanPig, we understand that many people looking for bad credit loans online need short term cash to pay for unexpected bills. You can use payday loans for bad credit in an emergency situation, whether you need to pay for car repairs after an unexpected breakdown, your boiler fails leaving you without hot water or heating, or any other situation where you need to settle bills quickly. If you have already exhausted other options including using any savings or existing credit you may have, and don’t have family or friends who can help, very bad credit loans can be applied for and approved within minutes.

Frequently Asked Questions

What Are Bad Credit Loans?

Bad Credit Loans are loans for people with a below average credit score. Maybe your bank won’t lend to you or you’ve had an issue in the past that’s over now. Bad Credit Loans can be more expensive but might be the best option.

Can I Get A Loan With Bad Credit?

Absolutely, it’s easier than ever to get a bad credit loan. LoanPig are one of a small number of lenders that specialise in bad credit loans. We look beyond your credit score, if we agree it’s the right thing for you, we can help.

How Do I Get a Loan With Bad Credit?

Most bad credit loan direct lenders are online so it’s as simple as filling in a form. On LoanPig.co.uk, we have a 5 minute application form that can help get the right loan for you.

Eligibility for Payday Loans For Bad Credit

You can apply for bad credit loans in the UK through LoanPig completely online, all you need is an internet-enabled device, and you can apply from anywhere. Firstly, use our loan calculator to choose the amount you would like to borrow and select the length of time you want to spread repayments over. You will then be shown an estimate of what your monthly repayments for bad credit loans online will be. If you’re happy with the monthly repayment estimate and the loan terms, you can proceed to apply for a loan. To be eligible for bad credit loans, you’ll need to be:


– A current UK resident

– At least 18-years-old

– Have an active bank account and a valid debit card

– In permanent employment or receiving some form of disability/living allowance or pension


If eligible as above, during the bad credit finance application process you will be asked a few questions regarding your income, monthly financial commitments, and your bank details. You will then receive a decision on loans for bad credit online the same day. We work with a panel of short term lenders, so if we cannot offer the loan you want ourselves, you can choose an offer from our panel of Financial Conduct Authority (FCA) approved lenders. If you agree to the terms, you will be taken to their website to complete the credit agreement with them.

How Much Would You Like?

Representative example: Borrow £300 over 3 months @ 292% pa (fixed) Total repayment: £457.95 in 3 monthly payments of £152.65. Representative 1261% APR.

Bad Credit Loans in the UK with No Guarantor

We carry out a full credit check on every candidate who applies for loans for bad credit through us. This is a requirement for every lender to complete and ensures that we are following responsible lending guidelines to ensure you can afford the loan you apply for. However, whilst we do perform a credit check, we prioritise your income and outgoings when determining your eligibility for credit. This allows us to ensure that you can make the repayments and not fall into financial difficulties unnecessarily.

Many lenders online may request that you supply a guarantor to be able to approve a loan application with bad credit. This is not a requirement for us to apply, but if you do want to apply with a joint application, some of the lenders we can connect you with can accommodate this. Our very bad credit loans are designed so that you do not need a guarantor to apply. Guarantor loans are available online that specifically offer this, but we can help you apply for bad credit loans in the UK as a sole applicant. As a bad credit score can be caused by many different factors related to late or non-payment of debt, there present risks for a lender when looking to lend to you. These types of defaults are usually from missed or late credit repayments, outstanding bills, a CCJ or bankruptcy, which is why some may request a guarantor with good credit to guarantee the loan.


Apply Now


Why Choose Bad Credit Loans in the UK?

Anyone with bad credit who can afford monthly repayments can apply for bad credit loans online. Factors such as a poor lending track record and a bad credit history will put off most lenders. At LoanPig, we specialise in making bad credit finance available to people with a poor credit score.

Whilst approval is not guaranteed, there is every chance we can offer you the credit you need with payday loans for bad credit. We are able to do this due to the criteria we consider when assessing your eligibility for credit. Where other lenders may choose to decline your application, we are free to use to help you find bad credit loans in the UK and resolve your short term emergency fast.


We Are a Very Bad Credit Loans Direct Lender & Broker – Apply Now

LoanPig is authorised and regulated by the FCA, providing peace of mind that you are using a trustworthy, safe, and secure online service. We offer loans for bad credit as well as good credit, having helped many customers get exactly the loan amount they need with affordable repayments. If you are looking to borrow money and have had financial issues in the past, we can still give you an instant decision on the loan amount you are looking for.

We measure your eligibility for very bad credit loans against a different set of priorities than the average direct lender. We will still look at your credit rating but will also take into account your income and expenditure to ensure you can afford the loan. If we can’t approve your loan as direct lenders ourselves, we’ll show you other lenders instead who can provide payday loans for bad credit to help you in an emergency.

If you have any questions at all about our loans for bad credit, please get in touch today. If you’re ready to start your application and see how we can help you, click apply now.


Apply Now!



Loans for Bad Credit FAQs


Are Bad Credit Loans Online Suitable for the Self-Employed?

Bad credit loans in the UK are for people with a below-average credit score, including those that are self-employed. If your bank won’t lend to you or you’ve had financial issues in the past that are now resolved, our loans for bad credit can be the right option if you can prove your affordability. We understand if you are self-employed that it can be difficult to show a regular income. That’s why we take the time to assess your finances through your most recent bank statements and provide a decision based on what you can afford.


Can I Get Bad Credit Finance Even If I’ve Been Declined Recently?

Absolutely, getting loans for bad credit is straightforward through us. As we are one of a small number of direct lenders that specialise in payday loans for bad credit, if you have been declined recently this doesn’t mean we’ll automatically decline your application. We look beyond your current credit score, and if we agree it’s the right thing for you based on what you can afford, we can help with a bad credit loan. We are also brokers so whilst we do lend our own money, if we can’t agree to the terms you want, we’ll introduce you to other direct lenders who can.


What Do I Need to Apply for Very Bad Credit Loans with LoanPig?

Loans for bad credit are completely online so it’s as simple as filling in a form with details about you, your current finances, employment, and income. This should take no longer than 5 minutes to complete and will allow us to fully assess your situation. You will need to have handy your bank details including your debit card, as well as proof of identity and proof of address. As we are brokers, we can connect you with different lenders who may have different requirements when assessing your application for a bad credit loan. You will need to be prepared to provide your most recent bank statements when needed so that a full assessment can be carried alongside a full credit check.


Can I Use Payday Loans for Bad Credit for Non-Emergencies?

As responsible lenders, we need to ensure that you are borrowing funds for the right reasons and loans for bad credit should only be used in emergency situations. We highly recommend that you take the time to consider your options first before applying. If you can settle your short term issue using savings then you should look to do so first, the same if you have available credit already, before applying for a bad credit loan. Payday loans for bad credit should not be used to cover payments for other borrowing and if you are in long-term financial difficulties, you should consider seeking financial advice where possible. Citizens Advice and The Money Advice Service can provide helpful information during difficult financial periods.