Need a Bad Credit Loan in the UK? Check Your Eligibility with CashFacts

Past missed payments, defaults or CCJs shouldn't automatically rule you out. We're a UK direct lender offering loans of £500 to £2,500, and we look at what you can afford today.

Direct lender : You deal with us from application to repayment, with no broker involved and no broker fees
Soft search eligibility check : Checking won't affect your credit score
Fast payout : If approved and verified, funds can reach your UK bank account the same day

CHECK MY ELIGIBILITY (SOFT SEARCH)

Approval isn't guaranteed. All applications are subject to affordability and identity checks.

Can I Get a Loan with a Poor Credit Rating?

Possibly. Many high-street lenders decline applicants with a low score, even when their income is steady.

We take a different approach :

We assess your current income and essential outgoings
We check whether repayments would be affordable for you
We consider your full circumstances, not just your credit score

Our loans are small, short-term and high-cost. They're designed for covering a short-term gap, not for long-term borrowing.

What Are the Benefits of Applying with CashFacts?

No broker fees : We don't use brokers, so there are no brokerage charges
No application fees : Applying costs you nothing
No guarantor needed : You apply on your own, with no one co-signing
Direct-to-bank payment : Funds are sent to your UK bank account once approved
Flexible repayment options : Choose weekly or monthly instalments that fit your pay cycle, where available

How Do Our Bad Credit Loans Work?

Our online process has three steps:

Choose your loan amount and term . Select an amount between £500 and £2,500, then pick a repayment period that suits your budget.
Complete the secure online application . Enter your employment details, income and regular spending.
Get your affordability decision . We assess your application. If approved, you'll receive your agreement to read carefully before accepting. Funds are then paid to your bank account.

Need borrowing for a specific purpose? See our Christmas loans and holiday loans pages.

Direct Lender or Loan Broker: Which Is Better for Bad Credit Borrowers?

Here's how the two compare:

Feature	CashFacts (Direct Lender)	Typical Loan Broker
Broker fees	None	May charge a fee
Who handles your data	Us	May be shared with lenders on their panel
Decision	Made by us	Depends on lender matching
Support	One point of contact	May involve several companies

If you're searching for very bad credit loans with no broker fee, dealing directly with the lender keeps things simple and transparent.

Who Is Eligible for a Bad Credit Loan?

To apply, you must :

Be a UK resident aged 18 or over
Have an active UK bank account with a debit card
Have a regular income from employment, self-employment or benefits
Pass our affordability and identity checks

Mainly on benefits? Read our guide to loans for unemployed on benefits.

Why Choose CashFacts?

Direct, transparent lending : We make the lending decision ourselves, with no hidden middleman
Affordability first : We check that repayments are manageable before offering a loan
Clear terms : Your agreement shows the total repayable before you accept
Responsible lending : Borrow only what you need and can repay

APPLY NOW: CHECK ELIGIBILITY WITH A SOFT SEARCH

FAQs

What happens if I miss a repayment?

Contact us as soon as you can. Missed payments may lead to additional charges and can be recorded on your credit file, which can make future borrowing harder.

Can I repay my loan early?

Yes, you may repay early. Check your agreement for how this affects the total amount you owe.

What documents might I need to provide?

You may be asked to confirm your identity, income and bank details. Having a recent payslip or bank statement to hand can speed up verification.

What can I do if a short-term loan isn't right for me?

Consider alternatives before borrowing: a credit union loan, an arrangement with the creditor, or free debt advice. Free, impartial help is available at moneyhelper.org.uk.

Is a high-cost short-term loan suitable for long-term needs?

No. These loans are intended for short-term use only. Borrowing over a long period would cost significantly more than other options.

Representative Example

You borrow£1,000
Loan term4 months
4 monthly instalments of£340.00
Interest charged£360.00
Total amount repayable£1,360.00
Representative APR (fixed)298.6%

Borrow £1,000 over 4 months. Repay in 4 monthly instalments of £340.00. Total amount repayable: £1,360.00. Interest charged: £360.00. Representative 298.6% APR (fixed).

Warning

Late repayment can cause you serious money problems.

For help, go to moneyhelper.org.uk.

I want bad credit loans near me. Does CashFacts Offer?

Yes, we do.

Get A Loan Quote