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  • Compare low credit loans from over 40 lenders.
  • Check your eligibility without harming your credit score.
  • All credit profiles considered.
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Finance options for low credit scores

If you’re rebuilding your credit score or starting from scratch, there are still some finance options out there that you might be eligible for.

No impact on your credit score

Still have questions?

Can I get a loan with bad credit?

This very much depends on your individual circumstances. When it comes to personal loans, lenders will look at your credit score to decide whether to offer you a loan and determine your interest rate. Generally if you have bad credit, you will be charged a higher interest rate.

If a personal loan isn’t an option for you, you may still be able to consider:

  • Guarantor loans
  • Homeowner loans
  • Credit builder cards

Although your credit history does play a big part in your eligibility for finance, there are other factors that a lender will consider, such as your income, expenses, size of the loan you are looking for, how much debt you already have and your homeowner status.

Can I get a homeowner loan with bad credit?

Yes, it is possible to get a homeowner loan with bad credit. This is because the loan will be secured against your home, adding an extra layer of security for the lender.

With a homeowner loan, you can borrow from £5,000 to £500,000+ and spread the cost over 1 to 30 years.

That said, you should think carefully before securing finance against your home. If you are unable to repay your loan, as a last resort your lender could repossess your property to recover their funds.

To apply for a homeowner loan, you’ll need to be a homeowner with equity in your home.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

If you would like to learn about what gives you a bad credit score, check out our blogs, guides and FAQs.

What happens when I check my eligibility?

When you check your loan options through us, we run a soft credit check. This doesn’t affect your credit score in any way and is not recorded on your credit file.

When you check your eligibility, we try to show you as much information as possible after just a soft search, including real rates and your chance of approval.

Not sure what we mean by real rates? Check out our guide, What are real rates?

If you are eligible for finance, you’ll then see your loan options. If you decide to apply for a loan, your chosen lender may then run a hard credit check. This type of credit check is recorded on your credit file.

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Representative 28.4% APR (fixed)

Representative example: If you borrow £7,500 over 5 years at a representative APR of 28.4% and an annual rate of 28.4% (fixed) you would pay £221.28 per month. Total charge for credit will be £5,776.80. Total amount repayable is £13,276.80. Minimum repayment period is 12 month. The % APR rate you will be offered is dependent on your personal circumstances.