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Short term loans for bad credit

If you have struggled to find loans for bad credit histories, you are not alone. There are many people who have been turned down for loans due to a poor credit rating, but here at LittleLoans we are different. As a leading broker for those looking for loans for bad credit, we have created a panel of lenders which can provide loans to people in almost every financial situation.

Which loans for bad credit are available?

The lenders we work with can provide loans of between £100 and £10,000, with repayment terms of anywhere between 3 and 60 months. If you are looking to borrow less than £1,000, you will be able to arrange a repayment period of 3, 6 or 12 months. Although, if you are looking to borrow more than £1,000, our lenders could provide a longer repayment period of up to 60 months.

Are there loans available for people with very bad credit?

If you have a very poor credit rating, our lenders may still be able to help. During your application, our panel of lenders will consider factors such as your income levels and monthly outgoings. If the loan repayments are affordable, there is still a chance that you could be accepted.

We have developed our free loan confidence calculator, which is designed to assess your eligibility for a loan before you apply. There is no impact on your credit file and in just 60 seconds you will be given an instant decision, based on your chances of an application being accepted.

By partnering with a variety of lenders, we are able to match your application to the lender most likely to approve you loan. When you apply through our website, a soft search will be conducted of your credit file, although this will leave no footprint. This information will be used to assess which lender will provide the best rate for your loan, based on your financial circumstances.

How do I apply for a bad credit loan?

If you proceed with your application, you will continue directly with the lender. They will carry out a credit check which will give them a detailed overview of your financial situation. This will include looking back at your financial activity and making predictions about your potential future activity.

We provide more than 2,451 people with loans every day, so despite the thorough checks, there is every chance that one of our lenders will approve your application. If you are successful, it may be possible for the loan to be paid into your bank account in minutes*.

It is important to remember that every hard search of your credit file will leave a footprint, which could impact your credit score. If you are already struggling with bad credit you should consider whether a loan application is the ideal solution for you. Organisations such as Step Change and The Money Advice Service will be able to offer free financial advice.

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Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. We’re a fully regulated and authorised credit broker and not a lender