Log in Bad credit loans Borrow £1,000 - £5,000 Repay over 12 - 36 months Check your eligibility with no impact to your credit score Check my eligibility now This won't affect your credit score Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43 Representative 49.9% APR. Can I apply for a loan if i've got bad credit? Looking for bad credit loans in the UK? We have options that are specially designed for many people in the UK. You might be eligible even if you have a less-than-perfect credit rating. Even if you’ve been rejected by other lenders, don’t despair! You could be eligible for a loan with 118 118 Money even if you think you have a bad credit rating. At 118 118 Money, we look beyond just your credit profile. We’ll run an affordability check to make sure the repayments on your loan for bad credit are affordable. Check if you are eligible for a loan from 118 118 Money Use our Eligibility check to find out if you'll be accepted before you apply, without affecting your credit rating! Check my eligibility now This won't affect your credit score What is a Bad Credit Loan? Bad credit loans are loans for people with bad or poor credit. These are some of the reasons why you might be considered as having bad or poor credit: Had difficulties with your finances in the past? Not making the payments due, on time, on any of your credit agreements such as mobile phones, utility bills and credit cards will impact your credit score. If you’ve had other financial difficulties which have ended up in defaults, county court judgments or if you have even become bankrupt, then these things will also show up on your credit file. Not had any credit before? Maybe you’ve not had any credit in the past at all. While this might not directly impact your credit score, it may affect a lender’s appetite to lend to you as your credit file does not directly demonstrate your ability to manage credit products. 3 simple steps to a poor credit loan Check your eligibility with no impact to your credit score Set up your account, direct debit and sign Receive funds in 15 minutes* Check my eligibility This won't affect your credit score *This can vary from 15 minutes to 2 hours depending on your bank. What does 'bad credit' mean? There are a few things that can be perceived as bad or poor credit. The term “bad credit” doesn’t necessarily mean that your credit history is poor. If you’ve ever been rejected by a bank or direct lender due to “bad credit”, it might just be that your credit history does not meet their lending criteria. Perhaps you missed a credit repayment at some point. This could have lowered your credit score, which could make it more difficult for you to get approval for a loan or new line of credit. If you’ve only missed an odd payment or two, you might not be judged as high-risk by most lenders. But if you’ve missed lots of payments, been referred to a debt collection agency, filed for bankruptcy or maxed out on your credit cards, new creditors might view you as a high-risk customer, which may make it difficult to get credit at the lowest APR rates. A number of direct lenders offer alternative bad credit loan solutions, including loans for bad or poor credit and for those with a less than perfect credit history. Apply for a loan for poor credit from 118 118 Money If you want to apply for a loan from 118 118 Money, but are worried you might have poor credit, you can try our eligibility check first to see if you’ll be accepted before you apply – and it won’t affect your credit rating. Read what our customers think about us Bad Credit Loan FAQs What can I use a bad credit loan for? How do I apply for a loan for poor credit with 118 118 Money? What is a credit score? How can I improve my credit score? Ready to apply for a poor credit loan from 118 118 Money? You can try our eligibility check first to see if you’ll be accepted before you apply - and it won't affect your credit rating! Check my eligibility Loans Why Our Loans Are Different Loans Calculator Loans FAQs Bad Credit Loans Online Loans Quick Loans Personal Loans Debt Consolidation Loans No-Guarantor Loans Easy Ways to Pay Credit cards Guaranteed Rate Credit Card Credit Cards For Bad Credit Balance Transfer Credit Cards Interest Free Credit Cards Credit Card FAQs Our company Contact Us News Careers FLA Anti-Slavery Statement Brexit FAQs Terms and Conditions Privacy Policy Sitemap Complaints s172 Statement Any questions? Give us a bell. Loans 08000 118 000 Monday to Saturday: 8am - 7pm Sunday: 9am - 5pm Bank Holidays: 9am - 5pm Credit cards 08000 118 222 Monday to Saturday: 8am - 7pm Sunday: 9am - 5pm Bank Holidays: 9am - 5pm Grab our app 118 118 Money is the trading name of Madison CF UK Limited. Company No: 08393840. Registered office: Euston House, 24 Eversholt Street, London NW1 1DB. VAT number: 242 5953 01. Madison CF UK Limited is authorised and regulated by the Financial Conduct Authority (FRN 741774). Madison CF UK Limited is also authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of payment services. You can confirm our registration on the Financial Conduct Authority’s website or by contacting the Financial Conduct Authority on 0800 111 6768. 118 118 Money is a member of the FLA (Finance and Leasing Association) and subscribes to its lending code. Credit is subject to status, affordability and credit checks. 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