Personal Loan for Bad Credit

Apply For Up to £5,000 *

Representative Example:

  • Loan amount £200 for 35 days.
  • Payable in One total repayment of £256.00
  • Interest charged is £56.00,
  • interest rate 292% pa (variable).
  • Representative 1212% APR.

Select an amount

  • No Hidden Extras
  • Simple Application Process
  • Safe & Secure

Representative Example:

  • Loan amount £400 for 90 days.
  • Payable in 3 monthly instalments of £187.31
  • Total amount repayable £561.92
  • Interest charged is £161.92,
  • interest rate 161.9% pa (variable).
  • Representative 305.9% APR.
Warning: Late repayments can cause you serious money problems. For help, go to

Personal Loan Bad Credit

Contact Us Immediately If Banks Are Ignoring You!

Need money but bad credit is stopping you? Is it a poor financial decision that left you with bad credit and a requirement for a loan? Are you thinking “How will I get a loan with bad credit?”

Personal Loans for People with Bad Credit Score
Borrow £50 – £5,000
Loan type Short Term (No Guarantor)
Apply with bad credit? Yes
Interest Rate 292% PA

Don’t anguish and don’t even fall into a trap of predatory debt because Payday Loans Now is here to help. We offer personal loans for people with bad credit in the UK. A bad credit loan can be the best option in a financial crisis. Do your complete research, ask the correct question, and ensure to borrow only what you can easily repay. Then go through different options and find out the best and the most appropriate bad credit loan. Start by knowing your credit score. Payday Loans Now is here to help you get a perfect bad credit loan according to your situation.

Bad Credit Loans Are Our Specialty!

If you are looking to get a personal loan, but bad credit is holding you back, Payday Loans Now is in a perfect position to help you. We base our lending decisions on whether or not you can afford to repay now, instead of any financial issues you have faced in the past. Our professional consultants can guide you if you have a bad credit because of the following:

  • Late payments
  • Bankruptcy
  • Defaults
  • Self Employed
  • No Finances

Payday Loans Now is here to turn your today’s dreams into tomorrow’s reality.

Refused Credit By A Bank?
We Can Help!

Payday Loans Now has been helping people find and get the best loan for years. We think that bad credit does not have to be an obstacle to getting a personal loan. Moreover, you do not have to be a home or car owner to apply. A bad credit score can be annoying, but Payday Loans Now can help you. We will talk about your financial difficulties and ask our clients what they want, instead of selling a loan we want to sell. We work hard with every client to offer them a financial solution that fits best in their situations.

How to Get A Personal Loan With
Bad Credit?

Whether the month seems to last more than your paycheck or an unexpected expense has popped up, bad credit should not hold you back from doing things you want. Therefore, here is how you can easily get a personal loan with bad credit.

1. Review Terms When Approved

Ensure to understand every string and caveat that is linked with a bad credit personal loan like due dates, monthly payments, fees, penalties, and more.

2. Check your own credit report

Before applying for a bad credit personal loan, evaluate your credit report and ensure to address any errors or discrepancies that may be impacting the score. Bumping the credit many points cannot just increase your possibilities of qualifying for the loan, it can also get a low-interest rate.

3. Get all your information together

To get a bad credit personal loan, you will always need your state-issued ID, Social Security Number, income information, and other similar personal information. So, ensure to gather them before you sit and apply for a loan.

4. Use a loan calculator

Using a loan calculator will make sure that you do not apply for the loan that you cannot afford. Lenders will always check your repayment capacity while reviewing your loan application and then only approve it.

5. Shop Around

It is a great idea to apply for loans only from a lender that you trust and the one who has the lending standard you feel confident to meet. Remember, bad credit loans may have a higher rate of interest as lenders are more careful with such loans. However, that does not mean that you should do your business with a lesser reputed lender.

6. Never Apply Many Credit Applications Simultaneously

Applying to many loans simultaneously can reduce your chances of getting your loan approved. So, always make sure to apply for a single application and then wait for the specific lender’s response before applying for another.

What Is Considered Bad Credit?

Credit scores range from 300 to 800 based on the score system. The more the number is, the better is your credit score. A credit score under 600 is considered to be bad credit. The credit score is utilized by lenders to decide whether you’re a good candidate to give credit to. But a lower credit score flags you as a big credit risk and might even make it harder to get credit.

Your credit score is the metric used by lenders to find out your financial history, stability, activity, and responsibility. You may have a bad credit if you fail down to stick to your actual credit agreement terms. This information will also appear on the credit report. Making loan or credit card repayment late or completely missing them will immediately impede your abilities to borrow in the future. Similarly, being declared a bankrupt, having Country Court Judgement made against you, or entering in Individual Voluntary agreement can affect your credit’s worthiness badly.

Bad credit acts as a big financial barrier. You will find it hard to rent an apartment, get a loan, buy a house, and get other credit lines. But bad credit does not have to last forever. You can take certain steps overtime to fix it.

How To Find Out If I Have Bad Credit?

A credit report is the detailed record of credit history which can impact your borrowing approval, the terms, and rates that you are offered and even how the lenders see your financial health. Though bad credit’s definition can differ from one lender to another, defaults, bankruptcy, and part 9 debt agreement are red flags to the lenders. They are what can put you in the category of bad credit.

Some other factors that lenders consider bad include late loan repayment, late bill payments, exceeding credit card limit, or multiple credit applications. There can be different criteria for every lender to approve a loan application, so ensure to check them personally and compare them to find out whether you are eligible or not.


Q: When Can Be A Bad Credit Loan A Good Option?

Ans: If you have a low credit score and are not able to get a personal loan, then a bad credit loan can be the best option for you to save yourself from life’s emergencies.

Q: Do A Bad Credit Loan Need A Credit Check?

Ans: A bad credit loan with Payday Loans Now needs carrying out a complete credit check as it is for your benefit. We want to take the best possible financial decision for you and performing a credit check is just a part of our application review process. We want to ensure whether the individual would be able to repay the loan timely or not. And thus, we carry out a credit check.

Q: Can I Get An Immediate Decision?

Ans: Of course! Once we receive and review your application, we will confirm whether your application has been accepted or not. This is possible even on the same day itself. Once approved, you can expect to get the money in your account in 15 minutes only.

Q: Do I Need A Guarantor For Bad Credit Loans?

Ans: With Payday Loans Now, you don’t need a guarantor for a bad credit loan. Thus, we can assist you to get the finance you are in need of.

Q: Who Is Most Suitable For A Bad Credit Loan?

Ans: A bad credit loan is perfect for those who have a poor credit history or a low credit score. Sign up with a credit reference agency to find your credit score.

Q: What If I Have A Limited Credit History?

Ans: It refers to when you have no sign of making credit repayment. Limited credit history can be as harmful as low credit scores and can limit you from taking bad credit loans as well.