Bad Credit Loans

With Proper Finance, you could apply for a bad credit loan of anything from £500 to £10,000 over a 12 to 60 month period. There can be various different reasons behind a poor credit rating, all of which can make it difficult for you to successfully take out a loan. Proper Finance works with some of the UK’s leading guarantor loan lenders, which can provide a person with a loan even if they have a poor history of financial management.

The lenders we work with that supply guarantor loans will assess your application, and consider applicants that have had a bad history with credit, bankruptcy, an even CCJs. This is only provided that your application is supported with a good guarantor. By using this type of loan, you can also help to improve your credit score. Making monthly repayment on your guarantor loan can help you to build up a good history of borrowing and further providing evidence of good financial management.

You can check your eligibility by filling in our online application for a bad credit loan. Simply click the “apply now” button below to start your application with Proper Finance today.

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Why should I apply for a bad credit loan?

There are numerous different benefits to be had from applying for a bad credit loan, including those mentioned below:

  • Can help those who struggle to find a loan due to their bad credit history successfully apply for finance.
  • A bad credit loan can also help those with a bad credit score to start building up a good history with borrowing, which can subsequently lead to improving their credit score.
  • It can help people to fund many different major financial situations, such as a wedding, debt consolidation, and even education.

When looking for a bad credit loan, it is always best to explore all of your options, and search for the best deals via comparison sites.

Why should I apply for a bad credit loan with Proper Finance?

There are many great benefits that can come from comparing bad credit loans via Proper Finance’s comparison site. We only work with lenders that have been authorised by the Financial Conduct Authority (FCA), meaning that any loan you find through our comparison site is from a legal, secure lender.

Proper Finance also work with some of the UK’s leading loan providers, meaning that we compare some of the very best deals out there for UK lending and borrowing. Our site is also free to use, and you won’t face any upfront charges when filling out an online application process.

Our application process also only takes 5 minutes to finish, and provides you with an instant decision on your application once complete. You could also receive funds in under an hour from completion of the online application, or the very same day. Applying for a loan through Proper Finance is quick and easy to do, and can be much more time and cost effective than other methods of borrowing that include speaking to a financial advisor or speaking with your local bank branch.

How do I apply for a bad credit loan?

You can apply for a guarantor loan with Proper Finance by clicking the green button below. The whole process is online, and you will have to fill in a few personal details in order for us to properly assess your situation. You can be assured that personal details will be handled with the utmost of care and security.

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What is the criteria for a bad credit loan?

Although bad credit loans are known for having a lower level of criteria than other forms of loans (i.e. not requiring a good credit score), as with any form of borrowing there are certain requirements that you must meet to be successful in a bad credit loan application.

For a guarantor loan with one of our leading lenders, you do not have to have a good credit rating, however having a guarantor with a good credit rating can help to boost your chances of an application being accepted. Your guarantor for a loan is usually someone from within the family, common guarantors include a parent, a sibling or a spouse, all provided they are between the age brackets of 18 to 75 years old.

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