Quidmarket will never charge you any fees. You should never pay upfront fees for a loan or send money in return for a loan.
Warning: Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk

Bad Credit Loans

A poor credit history can make it harder to get credit, but it doesn't automatically mean borrowing is out of reach. At QuidMarket, we know your credit score only tells part of the story. Our team assess every application individually and could offer a loan to suit your circumstances.
  • Bad credit histories considered
  • Same day transfer, where possible
  • Flexible repayments
Representative example: Borrow £500 for 5 months at a fixed annual interest rate of 292%. Total amount repayable £872.75, in 5 payments of £174.55. Representative 1292.1% APR.

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Month 1

£

Month 2

£

Month 3

£

Month 4

£

Month 5

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Month 6

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Representative example: Borrow £500 for 5 months at a fixed annual interest rate of 292%. Total amount repayable £872.75, in 5 payments of £174.55. Representative 1292.1% APR.

Can you get a loan with bad credit in the UK?

Yes. It’s still possible to borrow money with bad credit, though you might find it more difficult to get approved or have fewer, more expensive options.

Maybe you’ve missed repayments in the past, have defaults or CCJs, or simply lack experience with credit. Whatever the case, some lenders like QuidMarket consider more than your credit score when assessing an application. As an responsible lender, we still need to assess your income and outgoings to make sure you can realistically afford the repayments.
So, a past credit issue doesn’t automatically mean your application will be declined. If it’s a yes, a bad credit loan could help you cover urgent expenses when other options are limited.

485k+
Successful approved loan applications.
£217m+
Lent to customers in short term loans.
10,885+
5 star customer reviews on Trustpilot.
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What are the pros and cons of a poor credit loan?

Like any type of borrowing, it’s important to weigh up the benefits and drawbacks of loans for people with bad credit.

Pros

  • You can access money for urgent short-term costs like car or home repairs
  • Making repayments on time may demonstrate that you can manage credit responsibly
  • It’s a quick, easy online process with lenders like QuidMarket

Cons

  • Interest rates are higher than standard personal loans
  • Approval isn’t guaranteed if you can’t show you can afford the repayments
  • Missing payments could adversely impact your credit score

Where can I get a loan with bad credit?

Many high-street banks avoid lending money to people with bad credit as it’s seen as higher risk. At QuidMarket, we understand that financial circumstances can change.

Rather than relying on automated decisions, every application is manually reviewed by trained members of our team. Alongside your credit history, we look at factors like your income, employment status and existing financial commitments. This gives us a fuller picture of whether you could afford the loan repayments.

Approval is never guaranteed, but don’t worry that you’ll automatically be declined because of past credit issues.

  • 01 Loan Amount

    Choose a £300 – £1000 bad credit loan, with 3 – 6 month repayments.

  • 02 Underwriting Process

    Our credit analysts assess your application, performing credit and affordability checks.

  • 03 Same Day Cash

    If approved, the cash will be in your bank account the same day where possible.

Why choose QuidMarket

If you need a short-term loan fast to cover a gap, trust and transparency are key. We make the borrowing process as straightforward as possible, even if your credit history isn’t perfect.

Human lending decisions

One of our experienced team members will individually review your application and look at the wider picture, not just your credit score.

Flexible repayments

Our loans come with terms from 3 to 6 months, giving you more breathing room than other short-term options like payday loans.

Quick decisions

If an emergency crops up, you won’t have time to waste. Our quick, easy application process means you shouldn’t be waiting too long for a decision, meaning you can get back to the important stuff in life.

No hidden fees

Some bad credit lending comes with nasty surprises. We never charge fees, and you’ll see the repayments and loan terms clearly before agreeing to go ahead.

Responsible lending

As an FCA-regulated lender, we’re committed to offering loans our customers can genuinely afford. Don’t just take our word for it – see our thousands of 5-star Trustpilot reviews.

485k+
Successful approved loan applications.
£217m+
Lent to customers in short term loans.
10,885+
5 star customer reviews on Trustpilot.
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couple smiling over a phone
couple smiling on the couch looking at phone

Why Choose QuidMarket for Bad Credit Loans?

If you’re looking for bad credit loans, you won’t need to bypass a robot gatekeeper first. We can assess your application whether you have good or bad credit, as long as you can afford to sustain the repayments. We understand building up your credit score can take time and your current rating doesn’t necessarily reflect your current finances – we are only human after all.

You can choose affordable monthly instalments with our bad credit loans, adjusting repayments for up to 6 months to suit your budget. Our loans are designed to be accessible to hard-working people. As a responsible lender, we always consider our customers’ best interests when assessing applications. If you need emergency funds and we determine the loan is affordable for you, we could help today.

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How to apply to borrow money with bad credit

01 Apply online

Choose how much you want to borrow and provide some basic personal and financial information.

02 Our team reviews your application

Our analysts review your information and carry out affordability and credit checks to judge whether you could manage the repayments.

03 Get a decision

If we say yes, we’ll send the details of your loan agreement to review, including repayment amounts and terms.

04 Receive your loan

Once everything is agreed, we could transfer the money to your bank account the same working day.

Who can apply?

To be eligible for one of our loans for people with a bad credit rating, you must:

  • Be aged between 18 and 67
  • Live in the UK
  • Have a valid mobile number
  • Have a UK bank account and valid debit card
  • Be employed and earn at least £1,250 per month after tax

Read how our loans work ›

icon check image Easy To Apply Simple to complete online application, designed to help you in minutes.
wallet image icon Affordable Choose flexible repayments for up to 6 months to repay your bad credit loan.
thumbs up image Trusted Lender Excellent Trustpilot reviews

Borrow responsibly

Taking out a loan with bad credit isn’t right for everyone or every situation. Before you apply, think carefully:

  • Can you comfortably afford the repayments?
  • Have you explored other options? (See our alternatives FAQ below)
  • Is taking on credit necessary for your circumstances?

Keep in mind that short-term loans are designed for urgent, temporary financial needs. If you’re having ongoing financial difficulties, free and independent support is available from organisations like Money Helper, Citizens Advice and StepChange.For existing customers who are worried about repayments, our team is always available to talk through your options.

 

We’re hear to help

Apply with QuidMarket today

Searching for loans with a poor credit score can feel challenging, especially if you’ve been turned down elsewhere. We assess your application based on your full financial situation and could help you access credit even if your score isn’t the best.

New customers can apply to borrow between £300 and £1,000 repaid over 3 to 6 months. Use our loan calculator at the top of this page to see what the repayments could look like for the amount you want to borrow.

Apply now to get started and have our team review your application as soon as possible.

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Bad credit loan FAQs

Issues like county court judgements (CCJs) and defaults can stick out as red flags to many lenders. But they don’t automatically stop you from getting credit, particularly if they were a long time ago and you’ve built a better track record with credit since.

We’ll always look at your wider situation to see if we can offer the money you need responsibly.

Loans for people with bad credit history often come with higher interest rates than loans for those with average to excellent credit scores. This is because you may be seen as a higher risk of being unable to repay a loan if you’ve struggled with money in the past.

As with any loan, make sure to review the total amount repayable including interest before accepting any credit agreement.

Submitting a full application for a loan leaves what’s called a hard search on your credit file, meaning it’s visible to other lenders. This can impact your score, and it’s best to avoid submitting lots of full applications in a short space of time.

You shouldn’t do. All trustworthy, FCA-regulated lenders are required to carry out some form of credit check to protect you from taking on credit you can’t realistically afford.

Taking on a loan with bad credit isn’t always the answer. Here are some alternatives to consider:

AlternativeHow it could helpThings to consider
Credit-building credit cardsThese cards are designed for people with bad or limited credit historiesMissing payments or carrying large balances could further affect your credit history
Arranged bank overdraftCan provide short-term access to extra funds through your current accountFees and interest may apply, and you might not be eligible
Borrowing from family or friendsCould help you borrow money without formal credit checks or interest chargesBorrowing money can put pressure on relationships, especially if the agreement isn’t clear to everyone
Debt adviceFree organisations MoneyHelper, Citizens Advice and StepChange can offer independent advice on budgeting and debt managementAdvice won’t bring immediate access to money but may help you understand your options

Building your credit score can take time but will increase your borrowing options and help you access lower interest rates. Common steps include:

  • Registering on the electoral roll in your local area
  • Making credit repayments on time
  • Keeping your credit utilisation rate low – this is how much of your available credit limit you’re using
  • Correcting any errors on your credit report