Bad Credit Loans for any purpose
Apply for a same day bad credit loan today. Get an instant decision with no fees and no credit checks.^
Representative 79.5% APR. Warning: Late repayment can cause serious money problems. For help, please go to Moneyhelper
We are an authorised credit broker and not a lender.
Representative 79.5% APR
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed) Representative APR: 79.5% (variable)
Lendability is 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
Bad Credit Loans – Get a decision without affecting your credit score
Bad Credit Loans are loans for people that may have some history of missing payments or defaulting on other debts. Bad credit loans are generally more expensive than ‘regular’ loans, this is due to the higher risk the lender is making by offering a loan to somebody that may not have repaid a previous loan.
There are a few different types of bad credit loans, but most of them fall into the categories of secured or unsecured loans.
Here on Lendability all of the loans that we offer are unsecured and the lenders we work with are specialists at helping those with poor credit, so you can apply with confidence.
A secured bad credit loan is backed by an asset that the borrower owns, such as a car or a home. If the borrower defaults on the loan, the lender can seize the asset to repay the loan. An unsecured bad credit loan is not backed by an asset, and therefore the lender has no recourse if the borrower defaults on the loan.
Bad credit loans can be a helpful way to access funds if you have bad credit. However, it’s important to be aware of the risks involved before taking out a bad credit loan. Make sure you understand the terms and conditions of the loan, and only borrow what you can afford to repay.
Bad Credit Loans for any purpose
What can I use a bad credit loan for?
The bad credit loans available on Lendability are for any purpose.
Will I need a guarantor?
No, you will not need a guarantor for a loan on Lendability, we work with unsecured personal loan lenders.
Will it hurt my credit score if I apply?
Applying for a bad credit loan on Lendability will not harm your credit score, only a soft search is performed.
Will lenders want to see any documents?
No, this is a thing of the past for the overwhelming majority of lenders. Lenders are able to give a loan decision now without the need of bank statements and payslips.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.