Bad Credit Loans

Borrow between £100 to £2000

Representative example

Representative 49.3% APR. Representative example: £2,000 borrowed for 12 months. Total amount repayable is £2,772.97 in 11 monthly instalments of £231.08 and one final payment of £231.09. Interest charged is £772.97, interest rate 38.6% pa (variable), min 3.1% APR, max 1326% APR, min and max term: 3 – 60 months.
Warning: Late repayment can affect your credit score cause you serious money problems. For help, go to

Bad Credit Loans from £100 to £2000


Bad credit loans are often the solution to millions of people throughout the UK who have poor credit scores and because of this they feel there are limited options available when the need arrises to borrow money. Fortunately Money Trumpet can help – through our simple application form we can help you find loans that are available to people with all credit scores, from good to very poor. Even if you have multiple defaults or CCJ’s that are stopping you from securing a loan from the high street banks or lenders we can help. At Money Trumpet we believe everyone should be entitled to apply for a loan, even with poor credit. This could be for an emergency or a planned event such as a wedding. We think if you can afford to comfortably repay a loan why shouldn’t you be considered. The plus side is if you meet your repayments it can help rebuild your bad credit score. Click the link to start your applicationApply Now

60 second form

Complete our short online application form to apply and recieve loan quotes. You will recieve a quick decision. Once approved you could recieve your funds the same day.

Good rates for bad credit

Access various bad credit lenders and brokers who have fair rates for those with a poor credit history. Which will give you a good chance of being accepted even for very bad credit loans.

Fast payout

After you have completed your loan for bad credit application and been accepted by a bad credit direct lender payout can usually be arranged very quickly.

Typical Criteria for bad credit loans applicants

Normally you should be able to confirm the following


  • Be a UK resident
  • Be over 18 years of age
  • Hold a bank account with a debit card
  • Be in receipt of a regular income

How much can I borrow

We cater for bad credit loans between £100 to £2000 if you need to borrow a more significant loan, such as for home imporvements then you may be better looking at alternatives such as a secured loan or simply saving up. It is doubtful you will find unsecured loans for bad credit for larger amounts. The loans we can help find are not really for the long-term and are mainly used to cover sudden emergencies or provide quick-term solutions. If you need a loan for less than £100 it probably makes more sense to ask a family member or friend instead, even for loans of £100 the direct lender will still perform a credit check.

Short Term loans for bad credit


Quite often people find themselves short in between paydays and need money to tide them over for a few days or weeks. If you fall into this category and are looking for short term loans for bad credit needed for car repairs, travel to work, day to day living or any other reason you are in the right place.  Money Trumpet can help with instalment loans of up to £2000. These types of loans are payday loans alternatives, they are similar to them, but sometimes different loan terms apply to instalment loans.

If you have bad credit or have been refused loans for poor credit in the past, we may still be able to help. Simply complete the application form and recieve a decision within minutes from direct lenders that specialise in bad credit loans. If you are looking for a loan over a longer period that’s fine to. Apply now to see your loan options.


fast bad credit loans

Frequently asked questions about loans for bad credit.

What are bad credit loans?

bad credit loans are instalment loans that have been created for people who have a poor credit history and are unable to secure a loan through the normal channels and increase the chance of being approved for a loan. These would include high street banks or the main stream lenders. These types of loans will typicallly carry higher interest rates meaning you will be repaying significantly more money back.  Anyone can apply and depending on the lenders requirements you may be able to secure a loan up to £2,000. Some lenders may require you to opt for a guarantor loan. We can help help find the best unsecured loans for bad credit.

Which bad credit loans are the best?

If you can find a someone to stand guarantor for your loan then the interest may be lower, however the guarantor should have a clean credit history. If you do not have a guarantor but your credit history is only slightly below average you may be able to get a good loan deal, even for very bad credit loans, by direct lenders.

My credit history is really bad, can I still get a loan?

Today there are a lot more direct lenders and brokers specialising in loans for poor credit so you have plenty of options. Some of the companies we work with have been lending to people with adverse credit for many years. It does still depend on how bad your credit is, loan amount required and what type of finance has caused your bad credit. if for example you have defaults and CCJ’s or are going through bankruptcy due to not repaying previous loan agreements then you may find it difficult. Lenders will take into account all the risk factors posed by the borrower.

What can I do if I’m rejected?

If for any reason your bad credit loan application is not successful, our advice would be to try and find out what the potential issues could be. Never submit repeated applications for loans as this can damage your credit file even further. Request your credit report to see what is registered against you. If you find defaults, CCJ’s or late payments you should take appropriate action to improve your credit score before attemping to borrow money.

Can I repay the loan early?

In most cases your loan can be repaid early, but each lender will have different rules on this. If you want to repay early, most lenders will provide a settlement figure which will incorporate the loan and a portion of the interest rates. If you have a poor credit history it may be better to stick to the agreed loan term to build up regular repayments. This will look good to other direct lenders

Can you help with bad credit loans for the unemployed?

Being unemployed will significantly decrease your chances of being approved, but we do work with some lenders that can provide loans for unemployed people but remember they will also look at whether you can afford to repay the unemployment loan. You need to consider how much money you have coming in and what is left to repay a loan after all your outgoings. If you are looking for something small, it may be worth asking a family member or close friend to help, or using an existing credit card. Each lender has their own eligibility criteria so we can’t say which loan options will be available to you until you apply.

What are the disadvantages of bad credit loans?

The worst thing about having a bad credit history is not having the freedom to choose the best lender and the lowest APR/interest rate. Although you still have options open to you by taking out a bad credit loan, it needs to be said you won’t have as good a deal as your good credit counterparts will have, and the loan will have higher interest. Direct lenders that offer these types of loans do so in the knowledge that their customers may have got into this position by defaulting on previous loan agreements, credit cards or other credit agreements. So, for them, there is a chance it could happen again and you won’t be able to pay back the loan. A high-interest rate is a way of being able to lend loans for poor or very bad credit. Sometimes the repayment terms will be twice as much as you would get with a standard lender even if you have security. Bad credit loan lenders also tend to lend smaller amounts of money and have high interest rates (high representative apr) so make sure you look at these before you get a loan with bad credit.

How can I rebuild my credit history?

If you find yourself being declined due to poor credit, you can start to take steps to increase your score and improve your credit file. Depending on what is recorded against you the steps you will need to take will be different. First, you should request your file as mentioned above to see if you have a poor credit history and to see what the credit reference agencies have recorded. If you have been made bankrupt or have an active IVA, there’s not much you can do but wait. Any CCJS that are unpaid will cause a problem. Contact the creditors and arrange a payment plan, once they are paid, you can have them marked as satisfied. No CCJs are good, but a satisfied one tells a lender you have been responsible enough to clear your debt. Keep making monthly repayments on time for any instalment loans, cards or any other financial agreement and your score should start to increase.

I have been declined for a bad credit loan elsewhere, can you help?

When you apply for a bad credit loan, each lender will have their own selection criteria along with looking at your credit score through one of the main credit reference agencies such as Experian or Equifax. The credit rating that you have will determine the likelihood of being accepted, defaults or CCJ’s will significantly lower your score and the chance of being accepted.  If your application returns a low score due to a bad credit rating, you will be refused, especially if it is a high street bank. Before you apply for a loan see if the lender or broker will carry out a soft or hard search as repeated hard searches will be recorded on your credit file lowering the chances of approval. No previous credit history could also be a reason for rejection.

Is it better to apply with a direct lender or broker?

Regardless of whether you have perfect credit or really bad credit using a licensed credit broker will give you access to different lenders that specialise in adverse credit loans rather than just one lender, meaning more choice, and for those with poor credit, a better chance of being able to borrow money and obtain a personal loan. There are exceptions such as when someone has a good relationship with a direct lender that they have used for years. However with a good loan broker you can reach more lenders giving you a better chance of being accepted for a loan. So, in our opinion a reputable broker is always the way to go, why settle for one quote when you can scan the whole market and receive lots of different loan quotes. Always look at the representative example which should be displayed on the website. Whoever you use always make sure that that the lender is authorised and regulated by the Financial Conduct Authority (FCA).

What is the loan application process?

To apply simply click on the apply now button and complete the short application form, lenders will then asses your eligibility and perform credit checks. All being well you should recieve a decision within a couple of minutes. Some lenders may require more information and further documentation such as proof of earnings and income .

How can I check my credit score?

Everyone is permitted to see their credit file, and it’s advisable to do so regardless of your credit history. When you apply for any type of credit the lender will carry out a credit check. You can contact the main credit reference agencies such as Callcredit or Experian and order your credit profile over the internet. Alternatively, there are now several free websites that will provide a free credit report giving you the opportunity to see your your credit score and file. Try a search online as more and more are appearing. If you find you have a bad credit file you may find the complete guide to credit repair useful.

What if I can’t repay the loan?

Before you think about taking out a bad credit loan make sure you have planed all your outgoings and know exactly how much you will repay, so you know you can afford the repayments. Sometimes unforeseen circumstances arise such as redundancy or illness, and you can find yourself struggling to meet the loan payments. If you find yourself in this situation, always contact the lender to discuss your options. If you find yourself in trouble, contact the It can be difficult getting a loan with bad credit so if you default on that it will damage you credit record even more and dramatically affect your credit score. If you have a poor credit rating this is the last thing you want.

Alternative options to bad credit loans

It can sometimes make you feel like an outcast when banks and other lenders refuse your application and more often than not its when you need to borrow the money for an emergency or need a fast loan. Although bad credit loans are one option, there may also be ways to help with an alternative to payday loans for bad credit. This is also a straight forward application. Some companies offer door step cash loans which can provide borrowers with a loan from as little as £100. Usually representatives visit you in your home to provide quotes and details about the loan. If you are considering these type of loans always ask lots of questions and make sure you are fully aware of the length of the loan term and the repayment frequency and amount.

Can Money Trumpet help me find a bad credit loan?

We try to help as many people as we can, and to date, we have a pretty good record! Our partner Monevo, use many of the main direct lenders for bad credit as well as some direct lenders that provide VERY bad credit loans to people. They help you find the best lender for your circumstances. The process is straight forward, and you can apply for a personal loan in as little as 2 minutes and if successful the funds can be usually be deposited in your bank account within 24 hours. If you are a UK resident, have a stable address history and are employed or self-employed you stand a good chance of being able to find a loan. Remember that Money trumpet is an introducer and not a lender, so we only help you find the best lender for your circumstances and don’t directly provide bad credit loans or deal with the existing loan applications.

What can I use my loan for?

You will be appying for an unsecured loans for bad credit which means you can use the money for whatever you like. Some of the different things people use their loans for are car repairs, weddings, debt consolidation loans, washing machine repair or simple just money to tide them over. All you need to make sure of is to keep up the monthly payments. Whether you borrow £500 or £1,000 it is down to you.

Are there costs to apply for a loan?

Absolutely not, there is no difference apply through us or directly with a lender. Money Trumpet no not apply any charges or fees to use our website. We make out money from a small commission. This does not effect you or what you repay to the lender in any way. Be wary of any lender or broker that charges a fee.