Refused a loan before?

Even if you’ve been declined from other lenders, Everyday Loans may be able to help. We are experts at working with people who’ve struggled with
credit before

How much would you like to borrow?

Our quotes won't affect your credit score

£

Representative Example: Borrowing £3,000 over 2 years at an interest rate of 67.9% p.a. (fixed), you will repay 24 monthly payments of £231.78 per month. Interest payable £2,562.75. Total amount payable £5,562.75. Representative 93.6% APR. Rates from 24.2% to 299.9% max APR.

Feefo 2018 Gold Trusted Service

Being declined a loan is unpleasant, to say the least. When you apply for a loan or credit, lenders want to know that you're going to be able to repay any money they lend you.

They want to ensure that you’re reliable and genuine and that you’ll be on time with your instalments. The degree of confidence that they treat you with is everything in a loan application, and some lenders are stricter with their approvals than others. Constantly being refused a loan is a reality many adults across Britain have experienced.

How it all works

With everyday loans, you're more than just your credit score. Here at everyday we look at your credit future, not just your credit history. As such even if you have bad credit now or you've had a poor credit score in the past, we may be able to help.

There are 3 simple steps to taking out an everyday loans loan. All of our loans are subject to status and affordability.

  • Step 1

    Step 1

    Complete our short
    application form

  • Step 2

    Step 2

    Get an initial decision
    in minutes

  • Step 3

    Step 3

    Pop into your local branch
    to complete your loan

Why choose everyday loans?

  • Applying with us won't affect your credit score. We use Soft Searching Technology which means even if you're unsuccessful; it won't go against your credit file.
  • We offer loans to those with a less than perfect credit score. You'll need to be over 18, a UK resident and be able to afford repayments.
  • We're a direct lender not a broker. We'll NEVER charge you a fee to consider your application.
  • We'll give you a conditional decision in just minutes.
Start Your Application

We all have a need for financial assistance from time to time; it doesn’t make you any different from the next person. Life is about dealing with the unexpected, and when it comes to money we all know how bills can come out of nowhere to trip you up financially.

At best, it means you can’t make that purchase that you’ve been waiting on for some time, such as an investment in your property or a brand-new car to keep you going on the road reliably. Worse, however, is when an unpleasant surprise comes up such as a broken-down vehicle or a damaged boiler in your home. Those problems need fixing immediately and having your loan refused can put you in a difficult spot indeed.

That’s why we’re different from the rest here at Everyday Loans. We consider your credit future because you’re more than just a credit score.

If you've been refused a loan or credit before, you might find it more difficult to get a loan.

Everyday Loans is a direct loan lender that specialises in assisting people with bad credit, so if you’ve had problems in the past there is a chance we can help you. Where other lenders may look upon your situation and decline your application, we could be the ones who can accept your request for a loan.

With our 'refused credit' loans we may also be able to help you if you have not yet generated sufficient credit history to be accepted by other lenders. Our “Soft Search” technology also means that you can make an application for a loan without putting your credit score at risk. That’s more peace of mind for you as you work towards building up your credit score. Making your scheduled payments on your loan with us could also improve your credit score.

You can borrow anything from £1000 to £15,000 over a period of 24 months or more, we will work with you to assess the best rate and repayment schedule for you with help from your personal loan manager assigned after your application. Why not apply today to see if we can help?

Loans for People Refused Loans

In the interest of making sure that you are always making an informed decision, we will be listing here the most important information and answers to commonly asked questions to do with loans for people who have been refused by other lenders.

It seems sensible to start at the top! What’s a credit score? In short, all of us adults in the UK have a credit score of some level. This is a number (not a category like ‘low’) that changes as we go about our daily activities and spend and repay money. Invariably, some people will have a low credit rating for a variety of reasons.

This is a problem for them if they need to access credit to help pay for a particularly large life event or purchase, such as buying a new or used car. Having been turned down by other lenders is a problem, and it’s one that we can help solve!

  • Q1: How are your loans different?

    We know that adults who have been turned down by other lenders still have a need for help the same as someone with higher credit. That’s what we’re here for!

  • Q2: Can lenders see when I have applied for a loan?

    Not in our case, because we use Soft Search technology that doesn’t leave a fingerprint of sorts on your record. This won’t always be the case with other loan providers, who may indeed leave a mark on your record if you apply with them. That becomes a problem for someone seeking credit, as they may be refused loans if lenders see they have made a high volume of applications in a short period – in their eyes, it often indicates unreliability. That can make them be refused by other lenders for a loan more easily.

  • Q3: I have heard that my credit rating can increase by applying, is that right?

    Not just by applying. It might help to think of your credit rating as a reflection of your recent and past spending activities which is then used to predict your future reliability in making repayments. Because of this, you don’t actually demonstrate much by applying and being accepted for a loan; it’s the repayments that are the part that count. If you pay all your repayments in full and on time, your credit rating will improve.

  • Q4: I don’t get APR. Can you explain it?

    APR is merely a phrase used to describe the entire amount of money you will repay over the full duration of your loan. Instead of being a flat number such as 10% of £1,000, it is calculated using compound interest which changes the overall calculation into a slightly more complicated one. As we know this can be difficult to understand at times, we have advisors at our friendly branches who are able to break down your loan piece by piece to help make it clear. Refused before or not, we are happy to help consider your application and make it as easy as it can be.

FAQs

Questions most regularly asked about Everyday Loan’s processes and services.

  • Q1: I can’t see the requirements for a loan with you, can you confirm them?

    All we need to see from you is details of employment, citizenship in the UK and a UK bank account. That’s enough for us to accept an application from you, although we can’t guarantee we will fully accept your application and offer you credit. If you’ve been refused elsewhere, we’re worth considering.

  • Q2: I need credit quickly, is that possible?

    Usually, yes. We want to help you as much as we can, and we know that the need is often urgent but legitimate (especially if you were refused by other lenders). Our entire loans process is meant to be fast and convenient; after receiving a conditional approval via your online application you’ll simply arrange a meeting with an advisor at your local branch who will confirm the fine print and describe the APR breakdown of your loan to you. With all that done, the money is sent to your account shortly after.

  • Q3: Can I add to my loan if I need to?

    his is available to our customers but isn’t guaranteed. Top-ups depend on us having seen evidence of consistent and reliable repayments of your loan and are negotiated with your local branch via an advisor. Contacting them is the best way to go ahead with a top-up request.

  • Q4: Are you direct lenders?

    We are! Bourne End, Buckinghamshire is our home and we are a direct loans lender and dedicated to supporting those in need and those refused elsewhere.

We do not charge any fees. If you prefer, talk to us on Freephone 0808 231 5453.

Everyday Loans is a trading style of Everyday Lending Limited (Company registration no. 5850869, England & Wales).

Registered Office and Trading Address: Secure Trust House, Boston Drive, Bourne End, Buckinghamshire, SL8 5YS.

Everyday Lending Limited (Firm Reference No. 724445) is authorised and regulated by the Financial Conduct Authority.

Everyday Lending Limited is a member of the Finance and Leasing Association and as a member, we follow its Lending Code.

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