Loans for Bad Credit

If you have a poor credit score it can be difficult to find a suitable loan. It is unlikely you will get the lowest interest rates that are offered to customers with good credit scores.

Financial emergencies don't discriminate – they can strike anyone, anytime. That's why at Doddler, we strive to connect individuals with less-than-perfect credit histories to potential lenders.

Whether you need a short-term bad credit loan or a long-term bad credit loan, Doddler may be able to connect you to a direct lender that can help.

Whether you need a £100 or £1,000 loan with bad credit, you can submit a loan request through Doddler. The money can be used to cover emergency expenses, vehicle repairs, home improvements, or other pressing personal financial obligations.

Loans for Bad Credit

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What Is a Bad Credit Loan?

Loans for customers with poor credit may be available but are likely to come with high interest rates. These are often referred to as ‘high cost short term loans’ and are designed to cover emergency expenses.

Some lenders may be willing to work with bad credit applicants despite their damaged history. However, keep in mind that finding a loan with bad credit will be more difficult than if you had a good or excellent credit rating.

If you find a loan with bad credit the interest is likely to be high and some lenders may require a guarantor or loan collateral.

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Request a Loan with Bad Credit

When you find yourself in any kind of financial emergency, you’re likely to want to act fast to get a plan in place to resolve it. Securing a bad credit payday loan can help to ease the financial burden placed upon you.

Here is the three-step process to apply for a bad credit loan. As a reminder, funding is not guaranteed.

  1. Simple Online Application for Bad-Credit Borrowers: At Doddler.co.uk, we understand that poor credit can make it difficult to access the funds you need. Begin your loan application by submitting basic personal information in our user-friendly online form. You can apply for up to £5,000, even if you're a borrower with less-than-perfect credit.
  2. Connecting with Direct Lenders: Doddler.co.uk will make an effort to connect you with a direct lender from our extensive and reputable network. While we can't guarantee a connection, our team is dedicated to finding potential lending options suited to your financial situation.
  3. Finalising Your Loan: If you are approved, you'll proceed to finalise your loan directly with the lender. With timely completion of the necessary steps, you may receive funding as soon as the same day, helping you tackle your financial needs head-on.

Please note that having a bad credit history may limit your options when it comes to loans and obtaining credit. At Doddler, we work with a wide network of direct lenders some of whom may offer loans to customers with bad credit.

It is very important that you ensure you are able to afford the scheduled repayments.

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The Importance of Repayments

Missing repayments for a bad credit loan could result in further negatively impact your credit score.

Bad credit loans might not be for you, and for many people, they are not a viable option. Therefore, always check the alternatives, such as borrowing money from family and friends or asking your employer for a salary advance.

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Am I Eligible for a Bad Credit Loan?

Each lender we work with has its own eligibility criteria.

The lender will check your application against their lending requirements. These checks typically involve considering your past credit and financial history and also looking at your current income.

Each FCA-authorised direct lender that we work with has its own specific criteria that applicants for a bad credit loan must meet. However, the general criteria will include the following:

Personal Information

Have proof of identification

Age verification

Be over the age of 18

Resident information

Be a resident of the UK

Bank Information

Have an active bank account

To get started with your application, fill out our online form today.

How To Get a Loan with Bad Credit

Applying for a loan when you know you have bad credit or poor credit history can be daunting. Your credit rating forms an important part of any lender’s underwriting process as it helps lenders understand if you have had any difficulty making repayments on other loans or credit cards in the past.

Keep in mind that all lenders conduct credit checks. They will also carry out identity and income checks.

Get started online today!

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What Can I Use a Bad Credit Loan For?

If have have a fair or poor credit rating and take out a high interest loan you might choose to use it for a range of different reasons. Poor or bad credit loan can be used for unexpected expenses such as an urgent car repair, or a repair to fix a boiler, whilst others may use it for urgent home repairs like a water leak or other vehicle repairs.

Below, we have compiled a short list that shows you what you could use a bad credit loan for.

A bad credit loan could be used for:

  • Home improvements, e.g. redecorating or renovating a room
  • Home repairs
  • Household repairs, e.g. replacing an appliance
  • Vehicle repairs
  • Vehicle costs
  • Veterinary bills
  • Unexpected travel costs
  • Business equipment
  • Medical bills

A general guideline: refrain from applying for a bad credit loan to cover large expenses or other debt such as a bank overdraft or credit card balance. High cost short term credit loans are not a suitable solution for people in financial difficulty and for longer term borrowing.

Apply for Bad Credit Loans Today With Doddler

Bad credit loans may be able to help you get back on your feet and out of trouble when financial emergencies strike. Even if you have a bad credit score, we may be able to connect you with a direct lender in the UK that can help. Get started today and apply for a bad credit loan online with Doddler!

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