Quidmarket will never charge you any fees. You should never pay upfront fees for a loan or send money in return for a loan.

Loans For Bad Credit

We may offer loans to people with bad credit to help with unexpected expenses and financial emergencies. Subject to affordability checks

I Would Like To Borrow

£300 £1500
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As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer. *Applications submitted outside normal business hours will be processed on the next working day. *All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1307.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1623.90%

Compare short term loans on Clear and Fair

Can I Get a Loan with Bad Credit at QuidMarket

We provide a personalised approach to lending, with our team of expert underwriters manually evaluating your application. We believe every bad credit loan application deserves care and attention, regardless of your credit score, so if you can meet the below requirements, you can apply today.

  • Be between the ages of 23 and 65
  • Be a resident of the United Kingdom
  • Have a valid mobile number to receive text messages
  • Possess a current UK bank account with a valid debit card
  • Be employed and receive a take-home salary of at least £1,250 per month

Apply for a loan with bad credit and choose affordable repayments with our help at QuidMarket.

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Trusted FCA Lender

As FCA approved direct lenders, at QuidMarket we’re dedicated to responsible lending and are happy to consider bad credit loans for customers who may have been rejected elsewhere. Our core values of integrity, respect, transparency, and fairness are at the heart of everything we do. We understand the importance of treating our customers fairly and providing responsible lending options, which is why we prioritise your financial well-being above all else. We offer flexible and affordable loans for people with bad credit that are designed to help you with unexpected expenses, so we’re here to help when you need it most.

Years experience in short term lending.
Lent to customers in short term loans.
Real customer reviews.
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What is a Bad Credit Loan?

Bad credit loans are designed to help those who have a poor credit history get the cash they need quickly. Bad credit refers to having a low credit score and a history of financial difficulties. At QuidMarket, we offer small loans for bad credit that can help those who need cash fast, focusing on affordability rather than your credit rating.

Our short term loans come with flexible and affordable repayment terms, and as bad credit loan lenders, we believe that everyone deserves access to credit, regardless of their credit score. If you need help in a financial emergency, you can apply now and we’ll see if we can help.


Why Choose Bad Credit Loans?

Having a poor credit history can make it challenging to access credit. That’s why we offer loans for bad credit that focus on more than just your credit score. As FCA authorised lenders, we will perform a credit check. However, we understand your credit history may not reflect your current finances. As direct lenders, we make the lending decision, and our human, not automated, approach to lending means if you can afford the loan you need, there’s a chance we can help you today.


  • 01 Emergency expenses

    Pay for unexpected or emergency expenses such as car repairs, medical bills, or home repairs. A bad credit loan can help resolve these issues with affordable repayments.

  • 02 Credit repair

    Sustaining a bad credit loan can help improve your credit score, making it easier to access credit in the future.

  • 03 Cash flow issues

    Experiencing temporary cash flow issues? Loans for bad credit can help you cover your expenses until your next salary date.

Reviewed By A Person, Not A Robot

We ensure that when you apply for a loan with bad credit, your application will be reviewed by our team of human underwriters. This means we can focus on affordability and what’s important for you, helping you get the cash you need fast.

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icon check image Easy To Apply Our loan application process is easy to understand and can be complete in minutes.
wallet image icon Affordable Choose affordable, flexible repayments to fit your budget between 3 – 6 months.
thumbs up image Trusted Lender Transparency and fairness are our highest priorities. Bad credit loans with no hidden fees.

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Bad Credit Loans FAQs

Anyone who is over 23 years old, lives in the UK, has a UK bank account with a valid debit card, and is employed and taking home at least £1,250 a month can apply for bad credit loans. All applications are subject to credit and affordability checks first, so you will need to be able to afford the loan to be approved, and not be in current financial difficulties.

There are several signs to look out for if you are not sure whether you have bad credit. The first thing to do is check your credit score with one of the main Credit Reference Agencies (CRAs). These are TransUnion, Equifax, and Experian. You can access your current credit score for free, but you may need to pay to review your full credit report which will show you what’s impacting your score. Some of the most common signs of having bad credit include:

  • Being unable to get a credit card or being offered low credit amounts.
  • Being turned down for loans or other financial products.
  • Difficulty changing energy suppliers.
  • Being refused an account by a catalogue or online retailer.
  • Being refused a mobile phone contract.

A low credit score can result from many factors, such as missed payments, defaults, bankruptcy, County Court Judgements (CCJs), credit utilisation, and the total amount of outstanding debt you have. However, our online loans for bad credit look beyond your current credit score and consider other factors to determine loan approval including your current affordability.

No, all applicants must be able to afford the small loan for bad credit and if our underwriters cannot determine this, we will have to decline. Use our loan calculator to see how much a loan between £300 and £1500 (up to £600 for new customers) will cost with a repayment term between 3 to 6 months. If we can see repayments are sustainable for you, only then can we approve your application.

Our team of underwriters works extremely quickly to provide applicants with a fast decision so that they can receive the funds they need. Our small loans for bad credit can be approved within minutes if you are eligible, so you can receive your loan funds within hours of your application being approved. If you make an application outside of our business hours, please note this will not be process until the following working day.

We can provide a decision in principle, so if after a soft check of your credit file we can see you are eligible, only then we will complete a hard search which will show on your credit file. Once approved and if you repay your loan on time, this could have a positive impact on your credit score over time. However, if you miss repayments, it could harm your credit rating. You should avoid applying for multiple applications in a short period of time as this can negatively impact your credit score too. It’s best to check your credit report regularly so that you are aware of the actions impacting your current score.

If you can’t repay your bad credit loan on time, it’s important to contact us as soon as possible. Missing repayments on any form of loan will have a negative impact on your credit file. This will mean your credit rating can drop and it will make it difficult for you to apply for credit in future. If for any reason you cannot maintain repayments, please contact us as soon as possible to discuss your options. As responsible direct lenders of bad credit loans in the UK, we always encourage our customers to communicate with us if they are experiencing financial difficulties. If you fail to speak to us and repayments continued to be missed, this can lead to consequences including instructing a third party debt collection agency or possible legal action. By speaking to us at your earliest convenience, we can look to help you arrange repayment of arrears and avoid any further action.

Our application process is simple and straightforward. You’ll need to provide us with some basic information about yourself, your finances, and your employment. We only ask for what we need to make a lending decision and keep the process as easy as possible for you. We’ll provide you with a decision in principle and a pre-contract agreement within minutes of completing your application. Once you’ve reviewed and signed the agreement electronically, we’ll move on to the next step.

Our team of expert underwriters will manually review your application, conduct credit and affordability checks, and assess whether the loan is sustainable for you. We work with TransUnion, our preferred Credit Reference Agency (CRA), to assist us in this process. If we have all the information we need to approve your application, we may be able to provide bad credit loans in the UK, with the funds transferred to your bank account to use within 2 hours of signing your credit agreement.

A Continuous Payment Authority (CPA) will be created on your bank account to automatically take repayments on the due date agreed in your credit agreement. All you need to do is ensure you have enough funds available on the repayment date. Once your loan is fully repaid, the CPA will be cancelled.

Warning: Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk