Everyday Loans for Everyday Life



Unsecured Loans for Bad Credit

There are likely hundreds, if not thousands, of reasons someone might want to borrow money, here are some of the situations where an unsecured loan could be beneficial.

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Unsecured personal loans are a popular method of borrowing. If you are planning on taking out a new line of credit, it is important that you weigh up the pros and cons to find the right type for you.

Consolidating debts

Anyone that has developed significant balances on a credit card or store card will know that the majority of repayments can get eaten up by interest charges, especially if you only pay the minimum repayment every month. A personal loan has fixed monthly repayments over an agreed term, so you know exactly how much you need to pay and when. If you want to streamline your finances, an unsecured personal loan can be used to clear outstanding debts.

Improving credit rating

Every adult in the UK has a credit file, even those that have never had a loan, overdraft or credit card. This file, which contains personal and financial information, as well as data on your borrowing behaviour, is used to provide lenders with a credit score. Lenders will use the score and information on your file from any of the three credit reference agencies (Equifax, Experian & CallCredit) to decide whether you meet their eligibility criteria. You can improve your credit rating by making payments on time & ensuring you are listed on the electoral role.

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Loans for tenants and homeowners

We offer unsecured personal loans up to £15,000 to homeowners and tenants. You will not be charged a fee for us to consider your application and we do not secure your loan against your property. You do not need to own a property to have a loan with us. If you are living with parents, renting a private property or a council tenant, that is not a problem, we will still consider your application.

Your credit future

We are more interested in your credit future rather than your credit history. We offer loans to people in a wide range of circumstances, including those with bad credit. We will always look to provide you with the best rate possible and as a responsible lender, we will only offer you a loan that you can afford to repay. As long as you are over 18 and in full time employment you are potentially eligible for a loan*.

It is important to make your loan payments on time as not doing so can seriously damage your credit rating, making it harder to obtain credit such as mortgages in the future.