Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
A bad credit loan is designed for people who have struggled with credit in the past. It provides an opportunity to borrow money even if your credit history includes missed payments, defaults, or CCJs.
Once approved, you could receive the money from your bad credit loan in your bank account within 1 hour, though it typically takes 1-2 working days.
The initial application through Badger Loans uses a soft search and does not affect your credit score. If you proceed with a lender, it may carry out a hard credit search as part of its final assessment. The timing and type of search can vary, so check the lender’s explanation before continuing.
Badger Loans does not charge customers an application fee. A loan will include interest and may include other charges set out by the lender in the agreement. Check the APR, monthly payment, any fees and the total amount repayable before accepting an offer.
Many lenders allow early repayment, but the settlement amount and any applicable interest or charges depend on the individual agreement. Ask the lender for an early settlement figure before paying. Settling early may reduce the remaining interest, but check the figures rather than assuming it will be free.
It’s possible but your options will be limited. Some specialist lenders may consider your application if the loan is affordable alongside your DMP payments. Always check whether taking on more debt is the right move, as it could affect your existing arrangement.
Making every repayment on time can contribute positively to your credit history, but an improvement is not guaranteed or immediate. Your credit profile is affected by many factors, including other accounts, balances and recent applications. Missing payments can damage your record and make future borrowing more difficult.
A genuine lender cannot guarantee approval before completing its required checks. It must still assess identity, credit history and affordability, and it may decline the application. Treat any promise of guaranteed approval, particularly alongside a request for an upfront payment, as a warning sign.
It may be possible. Some lenders consider applicants with previous CCJs, defaults, missed payments or a limited credit history. Approval will depend on your current income, outgoings, existing commitments, recent credit history and the lender’s own criteria.
Lenders typically check your income, essential outgoings, existing credit commitments and recent bank statement activity. They want to be sure the repayments are manageable without causing financial strain.
Usually yes. Lenders charge higher rates because borrowers with poor credit are seen as higher risk. The rate you’re offered depends on your individual circumstances, including income, stability and borrowing history.
Yes. Most bad credit loans in the UK do not require a guarantor. Lenders assess your individual ability to repay rather than relying on someone else’s credit profile.
Through Badger Loans, you can apply to borrow from £100 to £15,000 over 1 to 60 months. The amount, rate and term offered may differ from those requested and will depend on the lender’s assessment of your income, outgoings, existing commitments, credit history and affordability.
Possibly. Lenders use different criteria, so a refusal from one does not automatically mean every lender will reach the same decision. Avoid making numerous separate applications in a short period, as repeated hard searches may make borrowing more difficult. Badger Loans uses one application to compare responses from its panel.
A lender will usually report an opened loan account and its payment history to one or more credit reference agencies. The reporting timetable and agencies used vary between lenders, so it may not appear immediately or on every report at the same time. On-time and missed payments can both affect your credit history.
Provide complete and accurate information, request only what you need and make sure the proposed repayments fit your budget. Check your credit reports for errors, keep existing payments up to date and avoid numerous applications in a short period. These steps may support a future assessment but cannot guarantee approval.
Bad credit loans are unsecured loans for people whose credit history may make borrowing more difficult. Missed payments, defaults, CCJs or a limited credit history do not automatically prevent you from applying. Badger Loans is an FCA-authorised credit broker, not a lender, and compares your application with a panel of UK lenders that assess your income, outgoings, existing commitments and overall affordability as well as your credit history.
Lenders do not make decisions using your credit score alone. They will normally consider your regular income, essential household costs, existing borrowing, recent credit history and whether the proposed repayments are affordable. Badger Loans can share one application with a panel of up to 50 UK lenders, helping you avoid applying separately to multiple companies. Read How It Works for a clear explanation of what happens after you submit the form.
You can apply to borrow from £100 to £15,000 over 1 to 60 months, depending on your circumstances and the lender’s assessment. The amount, rate and term offered will be based on factors such as your income, outgoings, existing commitments and credit history. Many lenders allow early repayment, although you should check the individual loan agreement for any applicable interest or charges.
If that sounds like you, you’re eligible to apply today!
Badger Loans works with a panel of up to 50 lenders in the UK. This helps improve your chances of being matched with a suitable loan from one of the lenders on our panel. With each lender having different requirements, you can maximise your chances of approval through Badger Loans. Every lender on our panel has been reviewed and vetted to ensure that they are fully authorised, regulated and trustworthy. With no upfront fees, you can receive an almost instant decision in up to 5 minutes and if successful, can receive funds on the same day. Sometimes within a few hours. We will not pass on your information to any other companies without your permission.
It may still be possible to get a bad credit loan, but approval is never guaranteed. Responsible UK lenders carry out credit and affordability checks and will consider your income, essential outgoings, existing commitments and recent credit history before making a decision. Guaranteed approval and no credit check loans are not available from regulated lenders. Be cautious of any company making those claims.
How Can I Improve My Chances of Getting a Bad Credit Loan?
Check that every detail on your application is accurate, including your address, employment, income and bank information. Borrow only what you genuinely need and make sure the repayments fit alongside your existing commitments. Avoid submitting several separate applications within a short period. If you are not accepted, reviewing your credit reports, correcting errors and reducing existing debts may improve future applications. Visit our Credit Repair page for practical guidance.
Get your decision in minutes and, if approved, receive your funds within the hour. Applying won’t affect your credit score.
