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Apply Today for a Small Loan for Poor Credit – Loans From As Little As £100
It can be really frustrating when you’re trying to sort your life out financially, but keep getting knocked back by your bad credit record. If you find yourself in a situation where your credit is less than stellar, it can feel like you’re trapped in a black hole, and nobody seems to want to help you out. You want to keep your head above water, but whenever you think you’re on the way out, interest payments or cash flow conspire to pull you back in, and you end up even worse than before. That’s where we come in. We specialise in arranging small loans for bad credit customers, so you can take your first steps to financial freedom. Sounds too good to be true? Let’s take a look at what we do, and how we can help you.
On Your Side
Because banks can’t have everyone talk to their bank manager every time they need a loan, they rely on credit reports to give them the lowdown on whether we’re good candidates for lending. For many people, that’s not a problem, but for people with a bad credit history, it can make it difficult or impossible to access credit. Things that many people take for granted, such as loans for emergencies and essentials, are out of reach. It can also lead to a so-called spiral of debt, where the interest payments on your existing loans cost so much that you can’t afford to pay them down, and they just keep getting larger. Consolidating your debt could be a solution, but the banks won’t lend to you and it feels like you can never get out.
While it can sometimes seem that the banks aren’t on your side, you can turn to our friendly team to help you out, because we’ve always got your back. We don’t put you in the same little boxes that banks use to judge you, and instead, we treat every single loan application as a blank slate, using the information you give us to link you up with a trustworthy and helpful lender who can get you the money you need. It really is that easy. Just fill in our forms honestly, and we’ll do the legwork to find you that small loan for bad credit that can make a world of difference.
Why Small Loans?
You might be asking yourself, why get a small loan? There are loads of great reasons why getting a small loan can be quick and easy, and can make the world of difference. For one thing, this type of loan is perfect for life’s little emergencies when you don’t have the ready cash saved to pay for them out of pocket.
Your car packs in, your boiler breaks down, your roof gets a leak or your youngest needs a new school uniform. All of these are everyday situations that may seem small but can make a big difference to our finances if we can’t cover the cost. Normally, if you can’t afford the expense, you’ll be forced to get a high-interest loan or to go without. But that can lead to further complications such as no hot water, or being unable to get to work and getting yourself into even more trouble. Instead, why not get in touch with us, and we’ll sort you out with a loan that’s perfect for you? It covers the cost, but it’s not expensive enough to add to your worries.
Another great feature of a small loan is that it normally doesn’t require us to perform a hard credit check. Now, all loans legally have to go through some kind of check to make sure they’re affordable, but we can do a soft check on small amounts so it won’t hurt your credit score. Some banks don’t like it if you apply for too much credit, and too many hard checks in a short period can hurt your credit even more. That’s why we only do soft ones, so you can take a load off your mind here too. This also means we can tell you whether you’re eligible for finance before you even apply, so it’s much faster too. Only once you have been introduced to a lender will a hard check be performed.
Small loans for bad credit are also a great option if flexibility is what you need. While many high street banks will be really strict about how much you can borrow and how long you can pay it back over, sometimes forcing you to borrow more than you need and to pay it back over a long period, you can often specify exactly what you need with a small loan. Need £200 to get you to the next payday, and want to pay it off in a month? That’s no problem. Need £900 to fix the boiler, and you want to pay it off over six months? That’s fine too. You set the amount, you set the time period, we tell you how much it will cost. You’re totally in control.
We’re also totally flexible about exactly what you use your small loan for. Some banks will not only ask to know why you’re taking out a loan, and decide whether or not to give it to you based on your answer, they will often make you spend it on the thing you said you would if it’s a debt consolidation loan. We’re not like that. We understand that life is tough and somethings just happen that require money to fix, and we’ll help you get a loan regardless.
What Types of Small Loans Are There?
We’ve talked about how flexible small loans are, but what exactly counts as a small loan and what types of small loans are there? One of the great things about small loans is that there are lots of different types for lots of different situations depending on what you need. Let’s take a look at some of the most frequently used examples.
You may have heard all kinds of scary stories about payday loans, but we’re here to reassure you. We wouldn’t be in the business of brokering payday loans if we thought they were bad, and there are loads of situations in which a payday loan is great if you use it right. A payday loan is literally a small loan designed to get you through until your next payday (hence the name), and usually consists of a couple of hundred pounds at the most. They have to be repaid within a month, and you can’t borrow large amounts of money, but the positive thing about them is that you know exactly how much the whole loan will cost you ahead of time. No debt spiral, no surprise payments, just a small lump sum to pay back at the end. These are great for small emergencies, or bills you can’t pay because of an emergency you had to fund. Remember, it is very important that you pay the full amount back at the end of the month, or you can find yourself in serious financial difficulty.
Small Personal Loans
Small personal loans are just like the normal type of bank loan you’re probably familiar with, except they’re smaller and more flexible. As with payday loans, you can usually choose exactly how much to borrow and how long for, and because they’re small you probably won’t have to do a hard credit check either, keeping your score safe. Unlike payday loans, you can borrow larger amounts, usually up to £1,000, and you have longer to pay them back, though the downside of this is that you’ll be paying for longer and there is a greater risk of missed payments as a result. These are better for people who would like to borrow more for a longer-term one-off project, and are confident their finances will be secure for several months.
Other Kinds of Loan
There are plenty of other types of loan out there to suit your circumstances, so don’t worry if the options above don’t sound perfect for you. There are guarantor loans, where someone else agrees to pay the debt if you default. There are line of credit loans, which work a bit like credit cards in that you can constantly top up your loan. There are also bad credit credit cards, which you can use just like a normal credit card even if you have had bad credit in the past. Just be wary of companies seemingly offering no credit check payday loans, as obtaining such a loan is not possible in the UK given the stringent regulation companies have to adhere to.
Why Choose a Broker?
We’re a broker, not a lender, which means that we don’t lend you the money directly. We just set you up with one of many hundreds of great lenders who can. You might be wondering why you would do that when you could just get a loan direct, and it’s a good question, so here’s why you should choose us as your broker.
As a broker, we have access to hundreds of finance companies that offer loans for bad credit. You might be familiar with the high street banks and a couple of other lenders, but we know thousands, including some that only brokers like us can talk to. That means there’s a much greater chance that we can find you a loan, and a loan at a great rate of interest you wouldn’t be able to beat anywhere else.
A second advantage to working with a broker is that we have a speciality in small loans for bad credit. That means we are in contact with lots of lenders who lend specifically to people just like you, who haven’t been able to secure credit from traditional lenders. These are loans that can be difficult to find yourself, thanks to our excellent working relationship with a variety of lenders.
A third advantage to working with a broker is the hassle it takes off your hands. Finding a loan yourself means hours of filling in forms, sitting on the phone, doing the sums and then waiting, often to get rejected with a bad mark on your credit history! However, when you go through us, we work for you. We’re tireless in the pursuit of your perfect loan, and we don’t stop until we get you exactly what you need, whoever we have to go to to find it. We know all about your situation so we can make a great case on your behalf to the loan company, meaning we’re likely to be successful even where you haven’t had any luck.
Another great reason to use a credit broker like us for your small loan for bad credit is your security. It’s a jungle out there, and you can’t always be certain that the people you’re going to for help are genuine, or will play by the rules. Choosing a great deal offered by a scammer can make a bad situation much, much worse, and it can be hard to know who to trust. We’re authorised and regulated by the FCA, which means we have to stick to strict rules on honesty and fairness, and we don’t work with anybody that we don’t trust. That way, using us is an extra layer of protection against the bad guys, and we’ll always have your back in the world of finance.
How to Get Help
We firmly believe that credit should be used to help move you forward in life, not hold you back, but sometimes people can get in over their head where finances are concerned. It’s important to remember that small loans for bad credit are not intended to be used as a long term or regular solution, and if you find yourself relying on small loans too often it could mean you have a problem. It’s all too easy to get into a bad debt spiral, using one loan to pay off another until you find that your repayments are more than you make in a month, getting you into a position where you miss payments and damage your credit rating further. This can lead to having items such as your furniture or your car being repossessed, and can even lead to you losing your home.
If you are in a situation that sounds like this one, it’s important that you get help as soon as you possibly can so that the problem doesn’t become unmanageable. There are plenty of charities and government organisations out there in your local community and at a national level that can help you plan to bring your debt to a sustainable level, and stop the cycle of bad debt before you’re overwhelmed. Organisations like Step Change, the Citizen’s Advice Bureau, National Debtline and others have staff trained to help you however they can, free of judgement. Finance is supposed to open doors, not close them, so make sure you begin your healthy relationship with lending in the right way.
Get in Touch
We’d love to help you start your next big adventure by helping you get access to the finance you need, and we can’t wait to get you to try our service. Thousands of amazing lenders are out there just waiting for the chance to do business with you, and help make your dreams come true. It doesn’t matter if you’ve got little credit history or even a history of bad credit, we’re specialists in helping people just like you take that next step. Where the high street banks see a problem, we just see another family looking for an answer, and we’re determined to make sure you’re not overlooked out of hand.
Thanks to our amazing contacts within the credit industry we can arrange loans with many specialists that you won’t find online or on the high street, at rates you won’t find anywhere else. Best of all, we’re trustworthy, safe and secure, so there’s no need to be concerned for the safety of your money. Take a few seconds to fill in our online forms and find out if you’re eligible for finance through us today, and get the help you need when you’ve been denied elsewhere.
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