Bad Credit Loans

In need of a loan? Don't think your credit score is good enough? Our partner works with a range of different direct lenders, some considering those with a less than perfect credit report.
Through our trusted partners, you could borrow from £50 to £2,500, with repayment periods ranging from 3 to 24 months.

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At Forces Compare, we understand that everyone has their own unique set of circumstances, meaning it can be difficult for some to meet the strict criteria of certain lenders.

If you have bad credit and are in need of a loan, we may be able to help. Our partners work with lenders that consider applicants with a range of different credit histories, helping you to find finance that accommodates properly to your needs and requirements.

Key Features

  • Borrow £50 – £2,500.
  • Repay over 3 to 24 months.
  • Early repayments available.
  • Bad credit considered.
  • No impact to your credit score.
  • No upfront fees.

Representative Example: If you borrow £550 over 6 months at a flat rate of 207.6% per annum (fixed) with a representative 1013.3% APR you will make 6 monthly payments of £186.82, repaying £1120.90 in total. Loan term lengths from 1 to 60 months.

Warning: Late repayment can cause you serious money problems. For help, go to

What is a Bad Credit Loan?

As the name suggests, a “bad credit loan” is a type of loan that accommodates to those with a less than perfect credit report. They are designed to make loans more accessible to those with a bad credit history, or no credit history at all.

For many lenders, credit scores can have a considerable influence on the final decision for a loan application. Those with a good credit score are seen as a lower risk to lend to. Therefore, the better your credit score, the more likely you are to get accepted with certain lenders, and the better the offered rates may be.

Loans designed to accommodate to those with bad credit are different to these type of lenders, in that they will consider applicants with a less than spotless credit report.

It’s important to note that loans for those with bad credit will typically come with higher interest rates in comparison to other loans. This is the case as it helps the lender to reduce their risk of borrowing to such types of applicants.

While bad credit loans can come with higher interest rates, they can be useful to borrowers if well planned for and managed responsibly.

Should I Take Out a Bad Credit Loan?

People take out loans accommodating to those with bad credit for a variety of different reasons. It might be necessary for you to take out a loan, however, you may not have the credit score favoured by certain short term lenders, meaning you could get rejected when applying with such lenders.

Bad credit loans can be a viable option to consider for those in such circumstances, giving borrowers with a bad or non-existent credit score access to the finance they need.

When deciding whether or not to take out a bad credit loan, it’s important to evaluate the pros and cons of this before making an application:

Bad Credit Loans Pros:
  • Accessible for those with bad credit who can otherwise be limited in their eligibility with lenders.
  • Could potentially help to improve your credit score when keeping up with repayments. If credit score is improved, this could give you greater accessibility to future finance options – often with better rates.
  • Can provide access to the finance you need.
Bad Credit Loans Cons::
  • If a secured loan, you risk losing valuable possessions that have been used as collateral.
  • These types of loans typically come with high interest rates, meaning the loan could end up costing you more than other loans overall.

Before taking out any type of finance, it’s vital to properly assess your situation, figure out how much you need and how much you can reasonably afford. Having a clear understanding of your financial situation can help ensure you are more reasonable with the loan applications you make, knowing exactly what you can manage and not going above what is doable in your situation.

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Why Do I Have Bad Credit?

As the name suggests, those with bad credit have a credit history deemed as bad/negative. It means that your credit score is low, and can be caused by a whole host of different reasons, including such damaging influences on your credit report as the following:

  • Defaults.
  • Late payments.
  • County Court Judgements (CCJs)
  • Involuntary Voluntary Arrangement (IVAs)
  • Bankruptcy.
  • An excessive amount of hard searches.

It’s also possible to struggle meeting lenders’ credit score requirements if you haven’t done anything to damage your credit history. For those who have not yet built up any sort of borrowing history, this can also make it difficult for certain lenders to approve you for a loan, as there’s no evidence of previous borrowing behaviours to assess you off.

How Do I Get a Bad Credit Loan?

In order to get a loan accommodating to those with bad credit scores, it’s firstly important to figure out how much of a loan you can comfortably afford. Once this has been established, its best to compare a variety of different loan options, helping you to find the loan that best suits your financial requirements and circumstances.

When going through the application process for a loan, the type of details often required from you can include the following:

  • How much you would like to borrow.
  • How long you would like to borrow this amount for.
  • Your permanent address (in the UK).
  • Contact details (including email and phone number).
  • Details of both your incomings and outgoings.

With our trusted partner, you can enter your details in under 5 minutes, after which you’ll be presented with a list of options available to you. Once exploring these options, you can then proceed with the choice that is best suited for you, with no impact to your credit score and no upfront fees.

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What Are the Eligibility Criteria?

The eligibility criteria can depend on the type of loan you choose. Generally, the criteria required for a bad credit loan will be similar to that required for a standard loan (minus the obvious credit score requirements). Some of the main criteria required for applicants to meet include the following:

  • Be 18 years old or over.
  • Demonstrate you are able to repay the loan.
  • Own a current account.
  • Be a UK resident.
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