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.