Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
Legal Information – Representative Example: £15,000 borrowed for 24 months. Total amount repayable is £15,939.20 in 24 monthly instalments of £664.13. Interest charged is £939.20. Interest rate 5.9% pa (variable), min 3.1% APR, max 1326% APR, min and max term: 12-60 months.
Legal Information – Representative Example: Amount of credit: £500 for 12 months at £79.09 per month. Total amount repayable of £949.08. Interest: £449.08. Interest rate: 140% p.a. fixed*. 278% APR Representative. Rates between 9.9% APR and 1295% APR.
Customers can apply for up to £5,000 with options to repay over 3 to 84 months in monthly instalments – and if you want to repay early, you can do so at no extra cost!
Our online loan application takes less than 5 minutes to be complete and will provide an instant decision on screen. If successful, you can receive funds within 1 hour or the same day of applying.
Click on the ‘apply now’ button to start your application for a bad credit loan. You will be required to provide some basic information including your name, age, address, income, expenses and bank details so we know where to transfer the funds to.
If you have a medium or fair credit score, you could be eligible for an unsecured loan which will not require any extra security or collateral. However, for poor credit scores, you may benefit from adding a guarantor to your application to provide extra strength to your application – read about how to apply for a guarantor loan.
You will receive an instant decision on the screen with a provisional loan offer and subject to further checks, your loan can be approved and funds transferred to your bank account within 1 hour.
Bad credit loans are available for those with recent defaults, CCJs, IVAs or payments in arrears. At Badger Loans, we appreciate that emergencies can arise that make it hard to stay on top of everyday bills and expenses.
However, simply because you have missed the odd repayment in the past does not mean that you cannot access affordable finance in the future. If you are employed, have a regular income and are dedicated to making future repayments on time, we can help you get the loan you need.
You are eligible for a bad credit loan if your credit score falls under the bracket for bad credit according to the three main credit reference agencies of Experian (0-720) Callcredit (1-2) and Equifax (0-379).
If you have a bad credit score, Badger Loans will be able to match your criteria and requirements with 40 responsible lenders in the UK – helping you boost your chances of approval and get the funds you need.
Bad credit loans are based on the lender being able to assess risk and maximise their chances of being repaid on time. To manage this risk, the interest rate you pay may be a little higher depending on your credit score or the lender may adjust or lower the amount you wish to borrow so you avoid falling into financial difficulty.
To get a loan with bad credit, you can improve your chances by having a regular and stable income and show proof of making recent repayments on time for other financial products such as loans and credit cards. If lenders can see that despite a bad credit score, you are showing an eagerness to repay on time, this will help maximise your chances of approval.
Any other ways you can improve your credit score will also contribute to your success and this could include paying off any existing credit card bills, closing any cards that you do not use, joining the electoral register and avoid making multiple loan applications in a short space of time.
Badger Loans is passionate about helping you get the finance you need, and at the most competitive rate. We understand how difficult it can be to get a loan for bad credit and the time and energy it takes to apply with multiple lenders.
However, our state-of-the-art matching system aims to match your requirements with the lender most likely to approve your application – saving you time and effort.
There are no upfront fees for applying and an application will not impact your credit score. Simply click on our apply now button to receive an instant decision and get access to funds on the same day.