Can I Get A Loan If I Have Bad Credit?
I need a loan but if I have bad credit who will lend to someone like me?
If this sounds familiar to you, there is some good news. loans for people with bad credit exist, and you may even be able to get one today from LoanPig.co.uk, the responsible online lender.
Just because you have bad credit it does not mean you have to settle for anything less than a responsible lender. So, to make sure you get the best loans for people with bad credit, you need to be made aware of the best loans for bad credit that are out there? LoanPig have put together all the information in this one this page
Bad Credit Loans
Here’s what you need to know about LoanPig loans for bad credit in the UK:
- LoanPig loans are available to people with good credit as well as poor credit
- LoanPig’s instant loans for bad credit do not charge you a fee – the application is 100% free.
- LoanPig is a direct lender and a broker so you get your money directly from us or one of our panel of selected members
Maybe you’ve asked yourself some of these questions;
- What is a poor credit loan?
- Loans for bad credit with no credit check, are they legal?
- Bad credit loans with no guarantor, are they available?
- online bad credit loans, what to check for?
- Loans for bad credit – direct lender or broker?
- Credit cards for bad credit, which are best?
How did I get a bad credit history?
If for some reason you’ve missed a repayment of a loan or a mobile bill (or paid it late), had a vehicle or house repossessed, had your debt passed on to a debt collection agency, or taken bankruptcy within the last six years, this all will be marked on your credit record. These will all contribute towards a lower credit score, but there are ways for you to improve your credit score.
How can I improve my credit score?
First thing to do is check your credit score, there are 3 main credit bureaus, Experian, Equifax and Callcredit. Look for any mistakes, make sure that little things like accounts you’ve closed in the past are not listed as still being open, make sure to also double check any arrears that might be listed. Then, look at what you can do to improve your credit score. Closing old accounts that might be in the red should have a positive impact so find out how much you owe and close it.
Also make sure you are on the electoral roll, if you’re not listed, this can be a negative against your overall score.
What is a credit check?
Every person has a credit report, available from a credit bureau, which reports all reference of credit that individual has had for the last six years. When you apply for a loan, the lender will want to check whether you will pay back your loans on time, or if sometimes, you are late to repay.
Do Lenders have to check my credit record?
By law, every lender will perform a credit check prior to approving any loan.
When an authorised lender advertises “loans no credit check”, they generally mean that they will check your credit report but probably disregard what they see. Does this sound like the type of company you want to trust with your personal details?
LoanPig always perform credit checks to make sure our loans will help you, we perform checks to establish also establish if taking another loan will put you in a worse position
At LoanPig, we are happy to accept applications from people with bad credit as we know that you are not your credit score; you may have had difficulties in the past, but if you have been working to improve, we will not hold that against you. Apply now for a bad credit loan with a company you can trust, a responsible lender like LoanPig.
Are Cash Loans for Bad Credit easy to obtain in the UK?
Cash loans for a bad credit rating are relatively easy to find in the UK if you know where to look. For example, if you apply with a traditional lender, you’re more likely to be turned down. If they do accept you, it will only be with a high interest rate to cover the risk of lending to you. However, if you apply for cash loans with a bad credit lender, you can find lower APR loans for bad credit that are easily accessible online. At LoanPig, you can easily apply for loans online for bad credit. We don’t require a guarantor and the cash could be with you in just a few hours.
Why are bad credit loans with guaranteed approval illegal in the UK?
If a broker or a direct lender is offering you guaranteed loans for bad credit, they are not carrying out any credit or affordability checks. A direct lender or broker who promises you a guaranteed loan before you even apply is acting irresponsibly. After all, maybe you have no income at the moment and cannot afford to repay the loan. In the UK, it is illegal for any type of lender to provide credit without carrying out any credit or affordability assessments. Instead, you can apply for a loan with bad credit from LoanPig, we look beyond just your credit score.
LoanPig offer bad credit loans with no guarantor
We offer loans for bad credit with no guarantor because when you agreed to repay the loan on time, we believe that at the time you took out the loan, you could due to our affordability checks. If the repayment date is approaching and you realise that you won’t be able to repay, please give us a call and we’ll rearrange your payments, into a solution that will help everyone. No guarantor necessary.
Online Loans for Bad Credit
Why do you want an online loan? It is fast and convenient? Then you have come to the right place, LoanPig bad credit loans online are all three.
Our online application form is specially designed for speed, allowing you to quickly fill it out on your smartphone, tablet or computer, whichever is more convenient to you.
Quick Loans for Bad Credit
Our quick loans for bad credit can offer you funding on the same day, so you’ll get the money quickly into your account. There are no extra charges for this fast service because if you are applying for a quick loan, you need the money fast, and we aim to get that money to you as fast as possible.
Can I get Loans for bad credit near me?
You may prefer to take out a loan from a high street lender, rather than a lender online. This is understandable, as it can be quite difficult to tell the difference between a loan shark and a genuine FCA approved lender online. Make sure that any company you visit online, with a view to taking out a loan with is FCA approved.
LoanPig offers the Best of Both Worlds
At LoanPig, you have the best of both worlds. We are a direct lender you can trust. If your application is accepted, we will send you the money directly. Although we can’t accept every application, but we want to offer you a facility so we will then act as a broker and try to find a lender who can help you.
LoanPig Loans for Bad Credit
If you need a loan, and you’re worried about your credit report, then LoanPig loans are best for you. Safe loans from a direct lender, no guarantor required, with same day funding at no extra charge which is everything you could possible want in a loan. At LoanPig, we care about how taking a loan out with us affects you, not your credit score. Apply today and finally receive the service you deserve.
Can I get a loan with bad credit now?
Improving your credit will dramatically improve your chances of being approved by payday and short term lenders. However, at LoanPig we are happy to accept applications from people with bad credit because if we see that you’re making every effort to improve, we might not need to hold your past against you.
Can I get a Loan if I have a Bad Credit history?
When someone has bad credit, they may search for “loans for bad credit no credit checks”, thinking this will increase their chances of getting a loan, but this is far from the truth. When you apply for a loan with a responsible lender like LoanPig they will look at your credit history to ensure that you are not taking on too much debt when taking on this new loan and make sure to not make your situation worse.