Bad credit loans

Compare loans for bad credit without affecting your credit score

Compare loans
Approval in 2 mins

A selection of our 17 trusted loan providers

Admiral personal loans logo 
Evolution logo 
Moneybarn logo 
Lendable logo
RAC logo
Car credit logo 
Shawbrook bank logo 
Zoopa logo 

How can I get a loan for bad credit?

If you have a poor credit rating, or simply no credit rating at all, it can be difficult to get a loan approved. However, there are some options available to you including a loan for debt consolidation. Some lenders offer personal loans to people with bad credit but at higher interest rates and with poorer lending options. Although your options may be limited, it’s worth considering the alternatives before applying for a bad credit loan, such as a personal loan.

We compare a range of providers who offer loans for those with a bad credit history. We’ll also show you the likelihood of acceptance without affecting your credit score.

The pros and cons of bad credit

Bad credit loans have a poor reputation, but there are some positives to look at:

  • Quick cash – It can take as little as 24 hours for some lenders to transfer funds to your account.
  • Improved credit – If you keep up-to-date with your repayments it can have a positive effect on your credit score.

And with the good comes the bad:

  • High interest rates – Interest rates are considerably higher, meaning you can end up repaying a lot more than you originally borrowed.
  • Extra fees – Check the small print for late payment fees, returned payment fees and any other penalties.

How to improve your credit rating

Improving your credit rating is not something that can be fixed overnight if you're trying to get car finance but have a bad credit rating. But there are a number of actions you can take to help get you on the right track: Check your credit report - This will allow you keep a close eye on your score and give you tips on the areas you can improve.

  • Pay back your debts – Prove to lenders that you’re responsible and likely to repay debt.
  • Register on the electoral roll – This makes it easier for lenders to check your details are not fraudulent.
  • Consolidate your debt – Consolidating your debt can help improve your credit rating and it also makes keeping track of payments easier.


What’s the difference between a soft credit check and a hard credit check?

Some lenders use a soft credit check to pre-approve loan offers. A soft credit check also occurs when you check your own credit score. These will not affect your credit rating. A hard credit search would occur when you’re applying for a loan or credit card. These searches will show up on your credit profile and may affect your score, although in many cases only temporarily.

Am I eligible to get a bad credit loan?

To find out if you can be approved for a loan, simply answer a few questions and we’ll allow lenders to carry out a soft credit search to see if they can offer you credit.

What is APR?

Annual percentage rate (APR) is the interest rate applied to your loan. Essentially, it’s the yearly cost of your borrowing – you’ll pay this on top of the sum you applied for. Check out our guide to find out the difference between representative APR and exact APR.

Compare loans

Compare unsecured personal loans of up to £36,000.

White car icon on a blue background with list of pound symbols

Car finance calculator

Compare finance options and see your exact monthly payments without affecting your credit score.
Dark blue icon of a house with a calculator

Contents calculator

Getting home contents insurance? Our calculator makes it easy for you to estimate the value of your possessions.