Bad Credit Loans - Compare Direct UK Lenders | allthelenders
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Borrow up to £15,000 even if you have bad credit

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Free to use | FCA Authorised | UK Company | Bad Credit Specialists

Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 60 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).

^Making an application on allthelenders will not affect your credit score. If a lender or broker accepts your application you will be redirected to their website to finalise your loan and the lender or broker may perform a full credit check. We are a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing

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Comparison results are displayed below. We are independant and impartial. Results are listed in order of the total amount payable from the lowest to the highest.


Bad Credit Loans

For over 10 years, we have helped hundreds of thousands of customers find their next loan. We are a UK business that specialises in helping those with poor credit get the loans and finance that they need, even in these most difficult times. Our industry expertise allows us to work with more lenders than anyone else, which means you have the highest possible chance of getting accepted for the loan you need at a competitive rate.

Why make multiple applications to lots of different lenders when we can do the hard work for you and find you a specialist lender that can help you? We are fully authorised by the Financial Conduct Authority and there are no phone calls or paperwork for you to deal with, simply make a comparison, choose a lender and then fill in our 2 minute application form and we will give you an instant decision.

There are NO FEES to use our service and we will never contact you or ask for any payments from you. Please note that if a lender accepts your application you will be redirected to their website to finalise your loan and they will perform a full credit search.

Bad Credit Loans in the UK

When looking for a personal loan the process can often be overwhelming, confusing and frustrating – especially if you have a history of bad or adverse credit. In these challenging times, this is even more true and getting credit is harder than ever for many people that may be struggling with the cost of living crisis.

Here on allthelenders, our goal is to make the whole process of finding a loan as stress-free and easy as possible, especially for people with bad credit. We don’t believe that just because someone has bad credit that means they shouldn’t have access to a range of suitable loans at competitive rates.

Through many years of experience, we have built up relationships with some of the best lenders in the UK to ensure that we are able to offer you a great selection of reputable lenders that specialise in lending to people with bad credit.

We believe that even those with bad credit should expect excellent customer service, competitive rates and fair loan terms so we only choose to work with genuine, FCA approved lenders that want to lend to you and provide you with an excellent service.

We are an FCA Authorised Credit Broker and work in your best interests to help secure you the finance that you need. Whether you have good credit or bad credit, you can rely on allthelenders to be on your side and find you the loan you need.

Compare Live Rates For Short Term Loans Now

(Loans from 3 – 12 months). Representative 49.7% APR.


Bad Credit Loans from Direct Lenders in the UK

What are bad credit loans used for?

There is no difference between a ‘regular’ loan and a ‘bad credit’ loan – they can both be used for any purpose and are generally unsecured. An unsecured loan means that you won’t be required to put down any security (property/jewellery etc) or find a guarantor in order for you to get the loan approved. Loan approval is mostly based on your credit and affordability criteria and varies greatly from lender to lender. Loans can generally be used for any purpose, typically personal loans are used for larger purchases like vehicles, weddings or home improvements.

The general criteria to apply for a Bad Credit Loan includes:

  • You must be over 18 years
  • You need to be a UK resident
  • You’ll need a bank account with a debit card
  • You’ll need a mobile phone and a valid email to receive your loan documents
  • You won’t be eligible if you are bankrupt or have recently received a CCJ
  • You must be able to afford the repayments
  • All loans will be subject to credit and affordability checks

How can I be accepted for a Bad Credit Loan?

There is no simple answer to this question. It is extremely important that you are honest and truthful on your application, especially when it comes to your income and expenditure. Due to the current cost of living issues in the UK, loan affordability is now more important than ever. You should also ensure that you don’t ask for more than what you can realistically afford to repay.

You should always be striving to repay any existing debt before looking to borrow more. You should also ensure that your repayment history is up to date to show lenders that you are a responsible borrower.

How can a Bad Credit Loan help me?

When you have bad credit, sometimes it can feel like whatever road you look down you see the same lenders, the same credit card companies and the same products over and over. Having bad credit can often be overwhelming and leave you feeling helpless, however, bad credit loans from allthelenders might be able to help you improve your financial situation. Getting approved for a bad credit loan means you may be able to:

  • Consolidate existing debts
  • Make larger purchases
  • Rebuild your credit score

Compare Live Rates For Short Term Loans Now

(Loans from 3 – 12 months). Representative 49.7% APR.


Is a Bad Credit Loan right for me?

You should always think carefully before taking out any form of credit and this is even more important when it comes to loans for bad credit. Typically, bad credit loans or credit cards, payday loans or short term loans will have a much higher interest rate than personal loans that are for people with good or excellent credit histories.

If you are already in debt or have a lot of finance then a bad credit loan may not be the best option for you and taking on further finance at a high rate may end you up in a worse position in the end.

However, if you feel that you can afford the loan and perhaps you will be consolidating more expensive credit into a lower rate loan then a loan could work for you.

The most important thing is knowing firstly that you can afford the loan and secondly that you genuinely need the loan for reasons that will make your overall situation better.

Is a Bad Credit Loan a Payday Loan?

No, they are different products. For the most part, payday loans don’t really exist anymore in the credit world. Payday Loans are now Short Term Loans (high-cost short term credit) and are defined as loan products that are for less than 12 months and have an APR above 100% (inclusive).

Payday Loans typically are for smaller amounts over a shorter period of time – for example £500 borrowed over 3 months where a Bad Credit Loan would typically refer to a larger amount borrowed over a longer period of time, for example, £2000 over 5 years.

Whist both products are largely aimed at a similar person, the 2 loans are really quite different. Most bad credit loans fall under the 100% APR mark and typically range from around the 49% to 99% APR mark, although there are lenders out there that can offer loans to people with adverse credit at a lower rate.

On allthelenders, we are able to give you the choice of the type of loan you want – if you need a small amount for a short period of time then why not head up to our Price Comparison to find a deal that’s perfect for you, alternatively if you need a larger sum for a longer period then fill in our application form and let us find you a suitable loan at a great rate in just a few minutes.

Warwick Financial Services Limited is an authorised credit broker and not a lender. We may receive a commission from a lender that accepts your loan application, this commission does not affect your chances of acceptance nor the cost of your loan.  Find out more about how our comparisons work here.