Bad Credit Loans
All Credit Histories Considered
Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
Representative Example: £1,000 borrowed for 18 months. 17 monthly repayments of £87.22 and a final repayment of £87.70. Total repayable £1,570.44. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed). Representative APR: 79.5% (variable)
*Same day payout is subject to lender approval and bank processing times. Not all applicants will receive funds the same day.
Bad credit? That's OK. One simple search compares 30+ FCA-regulated lenders. All credit histories considered — instant decision, same day payout possible.*
Bad credit loans without the rejection
| Loan Wallet | Going Alone | |
|---|---|---|
| Bad credit accepted | ✓ All histories considered | Often auto-reject |
| Lenders compared | ✓ 30+ at once | One at a time |
| Decision time | ✓ Instant | Days or weeks |
| Credit score impact | ✓ No impact to check | Hard search on file |
| Application time | ✓ 2 minutes | Lengthy forms |
Three steps to your bad credit loan
Apply in 2 minutes
Tell us how much you need. Quick and simple — bad credit is not a barrier.
We match lenders who accept bad credit
Your application is compared against 30+ FCA-regulated lenders that consider all credit histories.
Receive your money
If approved, funds can land in your account the same day.*
Why thousands with bad credit choose Loan Wallet
Bad credit considered
CCJs, defaults, and past credit issues don't automatically disqualify you. Our lenders consider all circumstances.
FCA regulated
Authorised and regulated by the Financial Conduct Authority (FRN: 1036139). Every lender FCA-regulated.
Instant decision, even with bad credit
Get a decision in seconds. Having bad credit doesn't mean you have to wait weeks for an answer.
One search, 30+ lenders
One application compares 30+ lenders who accept bad credit. Don't apply to each one individually.
Free to use
Checking which lenders can accept your bad credit costs nothing. We only earn a commission if you proceed.
Apply in 2 minutes
Apply from your phone. No paperwork, no branch visits. Bad credit doesn't mean a complicated process.
Bad credit loans: what you should know
We're a broker, not a lender
Loan Wallet is a credit broker authorised and regulated by the FCA (FRN: 1036139). We match you with lenders who consider bad credit.
Bad credit may mean higher APR
While our lenders consider all credit histories, having bad credit may result in a higher APR or lower loan amount. Not all applicants are approved.
Missed payments worsen your credit
Late or missed repayments are reported to credit reference agencies and can further damage your credit score.
Additional charges may apply
Lenders may charge late fees or additional interest. Read your agreement carefully.
Free debt advice is available
Free help from MoneyHelper, StepChange, and National Debtline.
Improving your credit
Making timely repayments can help improve your credit score over time. Only borrow what you can afford.
Ready to find a bad credit loan?
All credit histories considered. Free to use, no obligation.
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