If you don’t have the best credit score, it can be difficult to be approved for credit. We don’t think it should always be that way, which is why QuidMarket offers poor credit loans to help hard-working people cover emergency payments.

  • We specialise in loans for poor credit
  • New customers can borrow between £300 and £600*
  • Returning customers may be eligible to borrow up to £1,500**
  • Flexible repayment terms between 3-6 months
  • QuidMarket is an FCA Authorised responsible lender
  • Poor credit loans direct lender with no hidden fees
  • Fast and fuss-free online application
  • Very poor credit loan applications considered
  • Decisions made by humans, not computers
  • Loans for poor credit with no guarantor or collateral
  • You’ll usually receive the cash the same day as approval

*Loan amounts and repayment terms are dependent on affordability checks

**dependent on affordability checks, Returning customers can apply for up to £1,500

How much do you need?

£300 £1500

For how long?

Apply Now

Month 1


Month 2


Month 3


Month 4


Month 5


Month 6


This is for illustration purposes only. Your repayment schedule will be confirmed during your application

*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 1301.1% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

Compare short term loans on Clear and Fair

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.

Why We Offer Loans for Poor Credit

When you’re faced with an unexpected expense that you can’t avoid, and don’t have the spare cash to cover it, it can be stressful. Our poor credit loans are designed to help you make the necessary payment, and split the repayments over 3 to 6 monthly instalments that are manageable within your budget.

It can be difficult to be approved for a loan when you have a low credit score, whether it’s dropped due to a missed payment or is low because you’ve never taken out credit before. But your credit score is simply calculated based on a few factors in your financial history, and it doesn’t account for the current state of your finances. That’s why we don’t think it’s the best indication of whether a loan is right for you. We can consider applicants with a low credit score and offer poor credit loans in the UK as long as you’re able to sustainably afford the repayments.

We’re an FCA authorised lender (you can find us on the Financial Conduct Authority register, under license number license number 677995) and responsible lending practices are at the core of what we do. We would never offer poor credit loans in the UK if we thought it would lead someone to further financial difficulties. Defaulting on a payday loan can have long-term financial impacts, so it’s important to us that we help our customers avoid it.

How We Offer Poor Credit Loans in the UK

A big part of the reason we’re able to offer loans for poor credit with no guarantor or collateral required is that we take a different approach to our decision-making process. Each and every application we receive is manually looked over by a fully trained member of our team. We could automate it to speed up the process, but it’s the human touch that allows us to offer poor credit loans fairly and, most importantly, responsibly.

The way we do this is simple, but it works. We’ll look over your last few months’ worth of incoming and outgoing payments to determine if you could sustainably afford the instalments of your chosen poor credit loan. If we can see that the monthly repayments will work within your budget, we’ll usually be happy to become your poor credit loans direct lender.

Before you apply for our loans for poor credit, you can use the handy loan cost calculator on our homepage to see an example of the monthly repayments with different combinations of loan amounts and loan terms. Keep in mind that your loan breakdown may differ slightly depending on the tailored poor credit loans we’re able to offer you.

You should stick to borrowing only what you need to cover the emergency expense, and choose a loan term with which the repayments work well in your budget. Trying to repay the loan too quickly could mean you’ll overstretch your budget, while spreading the cost over longer than you need will mean you’ll pay excess interest unnecessarily.

Are You Eligible for Loans for Poor Credit with No Guarantor?

You’re welcome to apply for our loans for poor credit with no guarantor if you meet the below eligibility criteria. These are:

  • Live in the UK
  • Between 23 and 65 years old
  • Have a mobile phone (we send an SMS code during your application)
  • Hold a UK bank account with a valid debit card (we run a verification check that takes 1p)
  • Be in employment and take home at least £1,300 a month

When you fill out your application form, we’ll ask some straightforward questions about you, your employment status (don’t worry, we’ll never contact your employer for any reason), and your current finances. The application for poor credit loans takes just a few minutes to fill out, and once you’ve finished, you simply need to submit it for a member of our team to review. We aim to do this as quickly as possible, and are able to offer same day loans to the majority of customers.

We cannot guarantee that every application for very poor credit loans will be approved. As a responsible lender, we aren’t able to provide loans if it might lead to further financial difficulty. However, as a specialist poor credit loans UK direct lender, we’re able to help the majority of applicants find the perfect loan for their finances.

Why QuidMarket as Your Poor Credit Loans Direct Lender?

When it comes to loans for poor credit, you’re in great hands with QuidMarket. If you’re a hard-working person faced with short-term cash flow issues and an emergency payment that can’t wait, our loans for poor credit with no guarantor or collateral could be a stress-free way to solve it. You can borrow between £300 and £600, and choose flexible repayments over 3-6 months.

Choosing an FCA authorised, responsible poor credit loans direct lender like us means that you can confidently borrow the cash you need in an emergency. We’ll provide you with a fully tailored poor credit loan that fits your upcoming budget perfectly.

If you have any questions about the loans for poor credit that we offer, you’re more than welcome to contact QuidMarket. Our friendly, expert team will be happy to help in any way they can.

A poor credit loan is designed to help provide emergency funds for those with a poor credit history that may have struggled elsewhere to get approved. They are not guaranteed to be approved, however, as applicants will still be subject to a full credit check and assessment of their finances first. If we cannot determine a loan is suitable for your circumstances or will cause you further financial difficulty, we will have to decline your application.

We welcome applications from those who have a bad credit history, however, if you are currently declared bankrupt or are in the process of bankruptcy, we won’t be able to help. We assess each poor credit loan individually, so if we can determine you can afford the loan and repayments requested and this will not cause further financial difficulty, there is a chance we can still help. If you have had a CCJ in the past, arrears or defaulted on a loan, we can still consider your application if you are no longer in financial difficulty.

We provide loans up to £600 for new customers over a repayment period of between 3 to 6 months. If you have borrowed from us previously and have repaid your loan in full, as a returning customer you can apply up to a maximum of £1500. Please note, how much you can borrow will be dependent on your affordability and we do not encourage applicants to apply for the maximum amount available. You should only apply for the amount you need and choose repayments you can afford to maintain.

If for any reason you struggle to maintain repayments on a poor credit loan, we ask that you speak to us as soon as possible. We appreciate circumstances can change quickly, so by speaking to our team we can help where we can. Whilst we do not charge late payment fees, missing repayments will impact your credit rating. When applying for a loan, it’s important to ensure that the repayment term and payments you request can be maintained without difficulty.

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