Top 10 Lenders to Get Loans for Bad Credit Score in UK

Has your credit history reached a few hurdles in the past? Have you missed a payment on a debt, whatever debt it was, whether it is repayment of credit cards, installment for a personal loan, payment for overdrafts, or even a mortgage? Are you finding it difficult to obtain the finance you need?

Don’t worry we are here to bring to you all the information you need to help you get loans in spite of your poor credit. But you might need a loan for something which immediately might have popped up, no matter what the situation is and for such kind of circumstances you need an immediate loan irrespective of what your credit history is. Personal loans provided to borrowers with weak or bad credit history are termed as bad credit loans.

Here is a list of Top 10  popular lenders in the United Kingdom whom you contact to get loans over bad credit scores:

Bad Credit Loans

1. Everyday Loans

Everyday Loans treats your case more than just a credit score. According to them, they check your credit future and not just your credit history! This is one of the reasons why they are becoming more popular. They have some brownie points which makes them go a leg up in the competition. Applying with Everyday Loans does not affect your credit score. They use a Soft Search Technology which they claim, that it won’t go against your credit file, even if you are not successful.

Everyday Loans offer loans to those whose credit scores are not up to the mark. All you need is to be over 18 years and a resident of UK and should be able to repay the loan and have a UK bank account. The best part is that EveryDay Loans are a direct lender so you do not have to pay any charges for making an application for the loan. EveryDay Loans provide a wide range of loans like (a) bad credit loans (b) debt consolidation loans (c) home improvement loans (d) car loans (e) wedding loans (f) personal loans (g) unsecured loans (h) guarantor loans, etc.

Everyday Loans rates vary from 24.2% to 299.9% max APR

Everyday Loans Bad Credit Loans

2. Guarantor My Loan

Guarantor My Loan is a loan lender which was founded in Norwich in 2014. Since its inception, they have grown to be innovative and popular lenders in the UK. They use an innovative peer to peer model where an individual can also lend money from their platform. Payday and other short term credits are aimed at those who might have a bad credit history.

Guarantor My Loan offers loans up to 10,000 GBP and can be repaid within 1 to 5 years in equal installments spread over the months. You will, however, require a guarantor and you are eligible to apply for a loan if you are a resident of UK and above the age of 18. Guarantor my loan operates on a peer-peer lending philosophy which means that an individual can borrow money from a “peer” or “peers” without having to go to a bank or any financial institution.

Guarantor My Loan rates are 48.9% APR fixed.

Guarantor My Loan

3. On stride Financial

On Stride, Financial is a highly rated and popular company. It is a part of the publicly traded Enova International Inc and has provided services to more than 5 million customers globally over the last 10 years. They offer customized personal loans so if you have a bad credit score and are looking for personal loans this is a company you can look into. The loan amount varies from 150 GBP to 5000 GBP and the repayment tenure is from 6 months to 3 years.

You need to be above 18 years of age, be a resident of UK and have a regular income in order to be eligible to apply for the loan. Repayment is fairly straightforward. You may choose any one of the options and the payment will be automatically be debited on the scheduled dates. You can opt for the payments to be withdrawn from your debit card without any extra charge or select DDI where the payments get directly debited from your bank account. Interest rate 150% (fixed) 311.3% APR Representative. There is a late fee of 15 GBP.

On Stride Financial Bad Credit Loans

4. Citrus Loans

Citrus loan is a credit broker and not a lender. Citrus Loans does the Q and A to present your case before the lending authorities so that so that you can get the loan even though you might have a bad credit history. Citrus Loans uses a soft search functionality so that it does not affect your credit rating in case your case fails. They claim to offer stipulated loans based on personal circumstances.

As Citrus Loans deals with a wide range of lenders, it is most likely that you will get a loan irrespective of your credit history. They do not charge their clients and you can borrow anywhere between 2,000 Pounds and 25,000 Pounds over terms of 1 to 5 years. APR of Citrus Loans varies from 6.4% to 299%.

citrus loans bad credits

5. TFS Loans

TFS Groups is a renowned name in the field of Guarantor loan. They have received numerous awards including the Best Guarantor Loan Provider in the UK in 2018. and Gold Trusted Service Award from Feefo in 2018. The money they lend is not based merely on your credit history so in case you have a poor credit rating, which might have happened because you might have missed your payment schedules in the past, due to any circumstances, which might have been resulted out of loss of employment or reduction in the hours of your job or any unforeseen situation, TFS Loans will consider your application as long as you can prove that you can repay the loan.

Just like all guarantor loans, you will need a guarantor who will co-sign the papers for you so that in case you fail to repay the loan the onus is on the guarantor to repay. The interest of TFS Loans is 39.9% APR on loans from 5,000 GBP – 10,000 GBP and 29.9% for loans above 10,000 GBP.

TFS Loans


SUCO is one of the leading brands in the area of bad credit loans. It has gained popularity recently among borrowers and is in the mainstream for a long time as a credit broker. They do not charge any application fees for submitting the application through their website. So if your bank has said no, you can go to SUCO. APR is 48.99%

SUCO Guarantor Loan

7. 1plus1 Loans

They are a direct lending company in the UK and not a broker. Founded n 2013, 1plus1 Loans have been providing to a lot of customers like you at an affordable price. They have an online team that works 24/7 and their team has a unique approach by checking your income and expenditures so that you can afford the repayment of the loan. APR of 1+1 Loans is 47.8%.

1Plus1Loans Guarantor Loans

8. Amigo Loans

You can apply for a loan online at Amigo Loans. You will require a guarantor to co-sign for the loan, They have an APR of 49.9% (variable). Loans are dispersed pretty quickly and Amigo claims to payout loans within 24 hours of the guarantor being accepted. You can get a loan even if you have a bad credit score because at Amigo you are not judged on your credit ratings. As long as you provide a guarantor who can trust you, Amigo is willing to pay you.

Amigo Loans

9. Aspire Money

Aspire Money specializes in finding loans for all kind of customers. If you have a poor credit Aspire Money can find loans for you too! Aspire Money works with a lot of Lenders and are one of the top-rated credit brokers in the country. Aspire Money boasts of working with the top lenders in the UK and they have a panel of lenders to work with.

Aspire Loans

10. 118118 Money

Launched in 2013 118118 Money has become one of the most sought after lenders in the UK. Their constant efforts have helped them to reach 5-star Trustpilot rating. They brag about their transparency in the loan procedure and boasts that there are no hidden charges. They have a fixed interest rate and you can borrow between 1,000 GBP to 5,000 GBP. 118118 Money holds on to your offer for 5 days so that you can shop around and you don’t have to rush to take the loan. 118118 Money Loans rates vary from 35.9% APR to 99.9% APR.

118118 Money Loans

What do you need to apply for a bad credit loan?

To apply for a bad credit loan you should meet the following criteria:

  • You should be at least 18 years of age
  • Have a steady income
  • Be a UK resident
  • Have a UK bank account

Are there any benefits of a bad credit loan?

The answer is Yes! There are some benefits of a bad credit loan which might work for you like

  • An avenue to borrow money: If you have been refused credit in the past due to your bad credit score then a bad credit loan can be an alternative for you to borrow money.
  • Way to rebuild your credit score: This can be a good tool for you to rebuild your credit score and credit history if you are able to repay the loan and pay the monthly installments on time.
  • You can have access to quick money: Typically your loan is credited to your account within days of the approval, which boils down to the fact that you can access your money quickly to pay your bills which might be piling up or pay for those expenses which need to be paid immediately.
  • You can choose a longer repayment period: You can customize the way you want to repay the loan. The term for repayment can be from 1 to 5 years so you have the freedom to choose the tenure.

Along with the benefits, there are some disadvantages of bad credit loans too and you should be aware of it before opting for a bad credit loan. Generally, all poor credit loans charge a high-interest rate and you should look for the APR which is the Annual Percentage Rate that you are going to pay. If you are self-employed and have a bad credit history then it becomes more difficult to get approval for the loan. Missed payments can severely affect your credit score and further pull it down so you need to make yourself very sure before taking the loan.

So, it is advisable that you take loans over bad credits only in case of an emergency. And, if you are really required to take a loan with bad credit ratings then the above lenders are probably the best lenders to provide bad credit loans in the United Kingdom.

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Pursuing MCA from the University of Delhi, Saurabh Saha is an experienced blogger and internet marketer. Through his popular technology blogs: TechGYD.COM &, he is helping several brands to gain exposure in front of high-quality web visitors.