Loans for Bad Credit
If you already know your credit rating is not best, the last thing you want is for anything to make it worse. If you are looking for loans for bad credit LoanPig can not only help you in a difficult time – they can also help improve your credit rating. Proving that you can borrow and repay in full and on time can only improve your existing credit rating. Over time, this consistency can improve your borrowing power.
Using Loans for Bad Credit
Our loan for bad credit solutions are currently arranged to help you with your current financial situation. Also, as we’re a direct lender you don’t need to speak to a middleman. We can help with unexpected bills, debt consolidation and covering emergency situations (for example boiler repairs).
How do I Repay my Loan?
Paying back your bad credit loan with us is simple. We’ll work with you to set it for the right length of time (usually between 3-12 months) and dates that you pay the loan back. By sticking with the repayment plan and consistently paying on time you will also positively affect your credit rating.
The interest rates of our loans are dependent on a few factors. These include the amount you choose to borrow and the length of time you need the loan for. We will also look at your personal circumstances, as well as your financial history.
Receiving your Loan
Applying for our no credit check loans is quick and easy. After receiving your personal details, income, expenditure and bank account details, we’ll send them directly on to our panel. The panel contains the UK’s leading short–term lenders. You’ll receive a decision quickly.
Next, you’ll be directed to the lender’s website to accept the loan and electronically sign the documents. Our online loan service is available 24/7 unlike telephone–based companies. Meaning you will receive a quick decision even outside of office hours. You will need to submit a statement of income and expenditure, you’ll also need to present a copy of your ID (usually your driving licence or passport) as a final check.