Compare Bad Credit Loans

  • Unsecured & Secured
  • Options inc. no guarantors
  • Loans: £100 to £500k+
  • Credit Cards
  • Tenants & Homeowners
  • Improve your credit rating
Young dark haired man with folded arms wearing a green t-shirt

Compare Loans for Bad Credit

Need a bad credit loan? Then compare your options now.

If you’re having problems getting the loan or credit you need then you will have to consider new or different options. Below we summarise the main loan options for people who have a poor credit rating.

You can also find out more about the implications of having a bad credit history.

When you’ve got a credit rating issue you need to be prepared to:

  • pay a higher APR%, or
  • provide an asset as security, or
  • provide a guarantor

Types of Bad Credit Loan

If lenders have turned you down then you should look at the following credit options. Maybe there’s something here you’ve not considered. Maybe you could get a loan after all.

Keep in mind that if your credit score isn’t brilliant that you may need to “offer” a lender something to reduce their risk. Often this will be the provision of an asset as security, or it could be getting someone to guarantee your loan repayments.

Unsecured Loans up to £25,000

If you either can’t offer a valuable item as security (e.g. house or car) or simply don’t want to then your best option could be a personal loan (also called an unsecured loan because there is no secured asset). Personal loans are typically quoted based on personal circumstances. So the cost of the loan will reflect your credit rating. Expect the APR% to be higher than you might like, but it will reflect the risk the lender feels exists. It is possible to reduce this risk and get a lower rate APR% if you can offer a guarantor. We work with a wide panel of guarantor loan lenders. However, if you can’t or don’t want to provide a person to guarantee repayments then we have “no guarantor” lenders too.

Personal Loans (bad credit)

  • Unsecured Loans up to £25,000
  • Repay over 1 to 5 year period
  • Less than perfect credit is acceptable
  • Tenant & Homeowners welcome
  • No guarantor required
  • Various lenders available
  • APR varies from 30% to 100% depending on credit score
  • Representative APR c.50%

Apply Now: Personal Loans

learn more: personal loans

Guarantor Loans

  • Borrow £1,000 to £20,000 unsecured
  • Repay over 1 to 7 years
  • Designed for people with a poor financial status
  • Instant in-principle lending decision
  • Multiple loan/lender options available
  • Guarantor can be a homeowner or a tenant
  • Payouts possible within 24 hours
  • Representative APR 39.9%

Apply Now: Guarantor Loans

learn more: guarantor loans

Loans Secured by an Asset

If you own the home you live in and have a mortgage then a secured loan (also known as a homeowner loan) is an option worth considering. And a secured loan could also be a sensible alternative to remortgaging. A vehicle is another asset that lenders will consider using as security. If you own your car (most types of car finance mean you won’t) then we work with a logbook loan lender that may lend to you.

Rates may be more reasonable than for an unsecured loan with homeowner loans being the most advantageous. These sorts of loans are also often used for debt consolidation purposes.

Secured Loans

  • Secured loans from £5k to £1m
  • Repay over 1 to 30 years (i.e. long term)
  • Access your home’s growing value
  • 95% max LTV (higher in special cases)
  • Adverse credit plans available
  • You must own your home & have a mortgage
  • Secured on the value of your property
  • From 6.0% APR (Rep. 6.0% APRC)

Apply Now: Secured Loans

learn more: secured loans

Logbook Loans

  • Borrow £1,000 to £10,000
  • Typical Loan value £1,500
  • Repay typically over 18 months to 2 years
  • Loan secured on your car – so be careful
  • Continue to use the vehicle as normal
  • Adverse status acceptable (financial check done)
  • Trusted direct lenders
  • Representative APR 442.7%

Apply Now: Logbook Loans

learn more: logbook loans

Short Term Cash Loans

Needing cash to cover a short term “blip” and having a credit problem often go hand-in-hand. But given that these loans are repaid quickly the biggest issue for lenders tends to be ensuring the loan is affordable over the coming weeks or months. They are likely to be more interested in your income and outgoings than is your credit past. You could consider any of the following loan options. Payday loans should be considered only ever for the truly short term. Doorstep loans and instalment loans are more viable over a number of months. Doorstep loans may sound old fashioned but they do have a number of advantages.

Doorstep Loans

  • Small cash sums up to £2,500
  • Repay over 13 to 104 weeks
  • No bank account required
  • Pay weekly in fixed amounts
  • Friendly doorstep service
  • Multiple loan options
  • Representative APR 466.4%

Find Out More: Doorstep Loans

learn more: doorstep loans

Instalment Loans

  • Borrow up to £2,000
  • Repay in instalments over 2 to 24 months
  • Fast payout is possible
  • Responsible lending policy
  • Only use this type of loan in exceptional circumstances
  • Representative APR 504.7%

Apply Now: Instalment Loans

learn more: instalment loans

Line of Credit

  • Borrow £50 to £3,000 on a revolving basis
  • Alternative to payday loans, credit cards and bank overdrafts
  • Treat as an emergency fund
  • Payout to your bank within 90 seconds
  • Only use for very short periods of time
  • Responsible lending policy
  • Representative APR 89.7%

Apply Now: Credit Line from Drafty

learn more: line of credit

Payday Loans

  • Borrow up to £1,000 for up to 30 days
  • Trusted lenders only
  • Get payouts within 24 hours
  • Responsible lending policy
  • Only use this type of cash loan in exceptional circumstances
  • Only use for very short periods of time
  • Representative APR 504.7%

Apply Now: Payday Loans

learn more: payday loans

Specialist Car Finance

People often turn to car finance companies precisely because they have credit rating problems. While 80%+ of new cars are financed this way (often through the dealer) it’s also readily possible to buy a used car in the same way. We work with CarFinance 247, the UK’s largest car finance broker, to provide credit if you need to replace your car – used or new.

Car Finance

  • PCP, HP & Contract Hire
  • Borrow from £1,000 to £50,000
  • New & used cars
  • Keep payments low by not owning vehicle
  • No deposit options available
  • Poor credit acceptable
  • Free vehicle history check & valuation
  • Credit from 7.9% APR
  • Representative APR 20.7%

Apply Now: Car Finance

learn more: car finance

Rebuild Your Credit Rating

The ultimate goal of anyone with a credit file containing arrears, defaults, CCJs or whatever is to gradually clear the decks and get everything on a fresh, firm footing. Rebuilding your credit status takes time.

Successfully repaying any form of loan or finance will contribute to improving your situation. But there are also credit cards specifically designed to help you in the credit rebuild task. The Vanquis credit card is one of these.

Credit Card (rebuild status)

  • Initial borrowing limit of £150 to £1,000
  • Earn right to increased limit over time
  • Rebuild your credit status
  • Option to protect financial status
  • No Annual Fee
  • Consumer protection built in
  • Representative 39.9% APR (vrbl)

Apply Now: Credit cards

learn more: credit cards


Our Money & Credit Guides

If you’re uncertain which type of credit might suit you or you have a money problem then one of our guides may help you. We summarise each type of loan and their pros and cons and address issues regarding debt and credit ratings.


  • No Upfront Fees
  • Smart Online Service
  • Stay Safe & Secure
  • Independent & Impartial
  • Trusted Partners


For over a decade Solution Loans has helped people all over the UK find solutions to their personal finance problems.



rating starrating starrating starrating starrating star

Our reputation is great. In fact we have scored 4.7 out of 5 based on 1672 ratings & 252 user reviews across our range of services.



rating starrating starrating starrating starrating star

Our reputation is great. In fact we have scored 4.7 out of 5 based on 262 ratings & 41 user reviews for our bad credit loans service.


FIND A LOAN find a loan now

Answer 4 quick questions and we’ll tell you what kinds of credit may be available to you

GET A QUOTE apply now

Use our quick, simple & secure enquiry form to get a quote now. Compare deals & complete your application.

Written/Reviewed by: Amanda Gillam

rotating loading icon
arrow to return to top