Loans for bad credit

Bad credit score? See what loans are out there for you

We've partnered with Monevo to offer their best deals on loans. Monevo is a credit broker not a lender.

  • Comparing loans won’t affect your credit score
  • Compare quotes from a wide range of trusted providers
  • Apply today and borrow between £1,000 and £50,000

Can I still get a loan if I have a bad credit score?

Yes, even if you have a poor credit score, you should still be able to find a loan.

Just bear in mind that:

  • You're likely to pay more in interest than someone with a better credit score.

  • You might find it harder to find a provider willing to lend to you.

We compare a range of providers who offer loans for those with a bad credit history.

Get a quote and we’ll show you what providers are willing to lend to you and how likely you are to be accepted.

And all this without affecting your credit score.

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Pros and cons of bad credit loans

Loans are a big financial commitment, especially if you already have a poor credit history.

Before getting a quote, weigh up the pros and cons of borrowing to see if it’s right for you.

Here are some things to consider:

Pros and cons of bad credit loans


Get money when you need it: Once you're approved by your lender, you should receive the funds within a few days.
Your credit score may improve: Keeping up to date with your repayments can show you’re a responsible borrower, which can boost your score.
Single monthly payment: This can be particularly helpful when consolidating debt, as you might find it easier to manage than debt spread over several credit cards with different repayment dates.


High interest rates: Your poor credit rating means you'll be seen as a high-risk borrower, and will pay more in interest thatn someone with a higher score.
It'll be harder to find a deal: As you're seen as a riskier borrower, some lenders may not be willing to give you a loan at all.
You might not get the loan you want: As a high risk borrower, lenders will only offer you terms they’re comfortable with. This means you may only be offered a long term loan, for instance.

Compare loans for bad credit

Will comparing loans damage my credit score further?

No, comparing loans with us won’t affect your credit score.

When we look for quotes for you, we perform a soft credit check. This allows us to look at your credit report and use the information there to find deals that you’re eligible for.

Soft credit checks don’t appear on your report, and don’t affect your credit score. No one will even know we’ve performed one on you.

Things are different when you apply for one of the deals we find for you.

The lender you pick will usually perform a hard credit check. Hard credit checks do appear on your credit report and can affect your credit score - especially if you fail the application process.

This makes it important to compare quotes and see exactly what lenders you’re likely to be accepted by before applying with them.

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What types of loans can I compare?

Personal loans

These are normally taken out to cover things like big one-off purchases, weddings or holidays. With a personal loan, you borrow a fixed amount over an agreed time period. You’re charged interest on top of this amount. The amount you’ve borrowed, plus the interest you owe, is paid off in monthly instalments. AIf you have a poor credit rating, your chances of finding a loan with a low interest rate are likely to be far lower than for those with a higher credit score.

Debt consolidation loans

These are usually taken out by those with several debts spread over multiple accounts. Here, you take out a loan to cover those debts, and then pay off the loan in monthly instalments. This makes it easier to manage your debts, as you only have a single monthly repayment to worry about. They can sometimes save you money on the interest you're paying on your existing debts, though this may not be the case on high interest or long term loans.

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What else do I need to know before comparing loans?


When you compare loans, you’ll see a figure next to the prices you’re quoted. This is known as an annual percentage rate, or APR. It’s the amount you’ll pay in interest and charges each year on top of the amount you’re borrowing. It’s given as a percentage. A 10% APR means you’ll pay 10% of your remaining loan amount in charges each year.

Applications include hard credit checks

Comparing quotes won't affect your credit score, but applying for a loan might. Once you've picked one of the deals we've found for you, you'll be directed to your lender's site to finish applying. During this process, they'll perform a hard credit check on you. These appear on your credit report and can affect your score, so keep this in mind.

Term can impact interest

This is the length of time you’re borrowing for. It can affect how much you pay in interest, so it’s crucial you consider it. For example, while an APR of 10% over 5 years might sound better than 15% over 2 years, it’s likely you’d end up paying more in interest over the course of the 5 year loan than you would during the 2 year one.

Who's Monevo?

We've teamed up with Monevo to help you find a great deal on your loan.

They’re an award winning loans comparison provider who compare quotes from some of the UK’s best-loved lenders.

And, like all the partners we work with, they’re FCA regulated, which means you’re in safe hands, whichever lender you choose.

Get a quote today and see what deals Monevo can find for you.

Confused main loans illustration dark orange’s loan solution is offered by Monevo Limited. Monevo Limited (Monevo) acts as a credit broker not a lender. Monevo Limited (Monevo) is an Appointed Representative of Quint Group Limited (Quint), and is entered on the Financial Services Register under reference number: 723672. Quint is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Monevo is registered in England and Wales (Company number 06511345). Registered office: Glasshouse, Alderley Park, Nether Alderley, Cheshire, SK10 4ZE. Licensed by the Information Commissioners Office, (Registration number Z1498441).