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£100 to £5,000*
  • Apply for 50-1,000
  • Fast Payout
  • No Fees
  • Secure Appliaction
  • Available 25/7
  • Bad Credit

How will My Application Work?

Secure Process

You don’t have to worry about your information being compromised. The application process involves secured data transmissions to ensure your information stays secure at all times. There’s no need for you to visit banks and wait for long hours just to get your application approved. You can have it done online and get results fast.

Paid Into YOur Account

Once your loan application has been approved, the funds get deposited directly to your account. We have plenty of options for you to receive your funds. Processing time is so fast, you don’t even have to wait for a day for it to be on your account. It is easy, fast, and very convenient.

Credit Problems

Don’t let bad credit history pull you down. With us, you don’t have to worry about your plummeting credit score. As long as you provide a proof of employment and income, you can take advantage of the services we offer. The lending company doesn’t do credit checks and it is guaranteed you get the funds right away even if you’re blacklisted.

PERSONAL lOANS

  • Apply for 50-1,000
  • Fast Payout
  • No Fees
  • Secure Appliaction
  • Available 25/7
  • Bad Credit

SHORT TERM LOANS

  • online decision
  • Responsible lenders
  • No Fees
  • Secure Appliaction
  • Available 25/7
  • Bad Credit

Where To Look For Personal Loan With Bad Credit

Gone are the days when getting a loan with bad credit is impossible; now, you can have the advance you need even with a poor credit rating. However, finding a lender who will grant your request can be difficult. In this guide, you’ll learn where to get a personal loan with bad credit and how you can increase your chance to get approved.

Two of the most common sources of loan for bad credit is the credit union and online lenders. These two, unlike banks and traditional lending facilities, are more flexible when it comes to their criteria and terms. With a credit union, you can have the financial assistance you need as long as you’re a member for at least three months and you have a stable source of income. Aside from the ease of the application, the interest rate they charge on your loan is cheaper.

You may also try an online loan provider when you need an advance. These lenders provide a loan that’s easy and quick to acquire. Often, all you need to do is send an application online, wait for verification, and once approved, the lender will deposit the cash in your bank account.

Tips For Getting Your Loan Application Approved

When you have bad credit and you decided to get a personal, payday, or any loan online, you must remember that the interest rate applied to your advance is higher. Therefore, it’s important that you look for a loan provider that offers the best possible rate. This means shopping and comparing various loan facilities first and checking their rates, terms, and policies. Once you found the right lender, make sure that you meet their criteria before you send an application to avoid rejection.

In case your loan application is declined, you can always look for a borrowing alternative. Otherwise, you just need to improve your credit. This will not only increase your chance of getting an approved loan application but also, will give way for lower interest and better terms.

If you think that your current loan is costing you too much, you always have the choice to get it refinanced. Refinancing is where you take out a loan to pay off the old loan. The new loan usually will have better rates compared to the old one, which will usually result in you paying less on interest or sometimes, a more affordable monthly repayment.

What Happens When You Refinane a Personal Loan

There are certain effects that a refinance can do to your credit score. Considering how integral the role of a credit score is in today’s financial setting, you want to be aware what these effects are so you can assess whether the move to refinance your personal loan makes sense or not.

When you refinance a loan, you take out a new loan. This means that the lender will have to make a hard inquiry on your credit file. This can result in a dip on your credit score. Hard inquiries always do, even though it may not be that substantial. If you are shopping around for lenders that can get you the best possible loan rates, expect that this will result in ore hard credit inquiries, which will lead to an even lower credit score.

When you pay off the old loan, this means that it will be closed. The new loan with the new rates will then take its place. This can have a positive effect on your credit score in terms of lowering your debt-to-income ratio. After all, it is ideal for borrowers to keep it within 30%. Some lenders might not look at this favourably though as in its place will be a new loan minus the payment history, which can negatively impact your score.

Things to Consider

It may be best for you to hold off refinancing your loan if you’re in the process of applying for a large loan such as a car loan or a mortgage. With a new loan opened, lenders might find it too risky to approve you or if and when they do, expect that the rates are going to be expensive.