Cashfloat’s Poor Credit Loans

Reliable. Simple. Honest.

We know that having bad credit can hold you back from getting the loan you need so urgently. You may need access to money quickly to deal with an emergency such as medical expenses, car repairs or unexpected bills. This is where a Cashfloat bad credit loan may be just the thing you need. Cashfloat’s bad credit loans are quick to apply for and can help improve your credit rating, if paid on time. Our loans range from £500 up to £1000*, and you can get the money on the same day, if approved. Apply now and get an instant decision!


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What are bad credit loans?

Bad credit loans are unsecured loans for people with really poor credit

Luckily, even if you have very bad credit, there are lenders who will lend to you if you can prove you have good income, such as from a job or benefits. Just be aware that you may be asked to provide copies of your bank statements or payment slips. Even if you’re looking for loans for unemployed and are receiving benefits, you can apply today for a bad credit loan with Cashfloat.co.uk – no guarantor necessary.

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Why choose Cashfloat?

Cashfloat’s loans have all the features you could want, plus more. Our online application form can be completed quickly and we have a high approval rate, even for those with bad credit.

  • We are a direct lender
  • We are UK based
  • Our online application is safe and secure
  • We provide same day funding, if approved*
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Navigation
What are bad credit loans? Cashfloat’s poor credit loans Testimonials from customers with bad credit How our bad credit loans work Getting a bad credit loan with no guarantor Getting a loan with no credit history Why choose Cashfloat for your bad credit loan? How much can I borrow with Cashfloat? What is a Good Credit Score? Compare loans for bad credit FAQ’s about bad credit loans

Cashfloat is a Direct Lender Offering Loans for Very Bad Credit

We are a fully authorised poor credit loan direct lender operating in the UK.

Many people prefer to obtain a bad credit loan from direct lender in the uk only – and for good reason too. You want to make sure that your personal information is kept safe, and at the same time you want to know exactly with whom you are obtaining credit. Cashfloat is a bad credit loan lender that is both fully GDPR compliant and is registered with The Information Commissioner’s Office.


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Read our Bad Credit Loan Reviews here.

Testimonials

D
Dominic Ash
Verified Buyer

Very good. Very helpful. Very quick. I do not have the best of credit rating. But they still have helped me, I have recent death in family so it’s bit of a struggle at the moment. And with their help I can meet all my commitments. So thank you.

P
Mr Peter Y
Verified Buyer

You are the most helpful company I have ever used, you take in consideration the individual not just their credit score. If only there were more companies like in this world alot of people would be so much better off. Thank you again for your unbelievable help.

S
Sarah K
Verified Buyer

I needed an emergency loan and didn’t have a great credit report. The service from Cashfloat was very quick and the staff was very helpful and polite. Will definitely use them again if ever in a sticky situation. Thanks Cashfloat team.

D
Mr Darren K
Verified Buyer

Easy to apply and no hidden charges, even if your credit isn’t the best.

ALL REVIEWS
How Cashfloat bad credit loans work
a step-by-step guide
1

Choose how much you need and complete your application online.

2

Get your instant lending decision.

3

If approved, money will be with you the same day.

4

Make your monthly repayments.

Use our Loan Calculator to Figure Out the Cost of Borrowing

Borrowing money with bad credit can be more expensive, so it’s important to understand exactly how much it will cost you before you sign on the dotted line.

Our free bad credit loan calculator does all the work for you – simply enter the amount you wish to borrow, how long you need to borrow the money, and we’ll give you all the figures:

  • the representative APR on your loan
  • each monthly repayment
  • the total cost of interest
  • your total amount repayable

With Cashfloat, there are absolutely no hidden fees, and our loan cost calculator will tell you exactly what to expect. Click here to find out the cost of your loan now!

How Much Can I Borrow with Cashfloat?

Whether you need a £1000 loan for bad credit, a £500 loan, or something in between, Cashfloat has a credit option that works for you! We offer loans from £500 – £1000 that you can borrow up to 6 months even with bad credit.

We have flexible loan repayment plans for all of our customers and our easy start option makes it even easier to manage the payments with an extra month interest-free at no additional cost! We’re confident that you can find the right Cashfloat loan for bad credit to suit your needs.

How much do you need?
Other amount
Ready for a Cashfloat payday loan?
£500
Borrowing
£239.99
Interest
£739.99
Repayment total

Repay over: 3 months, 2 monthly repayments of: £246.66, last monthly repayment of: £246.67.

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Loans For Bad Credit with No Guarantor

At Cashfloat, we believe that everyone should be able to access poor credit loans even without a guarantor.

What is a Soft Search Loan?

A soft search loan uses a soft search credit check to determine your eligibility for borrowing credit. Soft credit checks do not affect your credit score and are invisible to lenders, employers, and companies who may perform credit checks on your report in the future.

Lenders might use soft searches on your credit file to offer you pre-approved credit offers or allow you to check your eligibility for a certain credit product without impacting your credit score.

However, once you complete an actual credit application, lenders perform a “hard” credit search. Hard searches entail a more thorough review of your credit profile and does leave an imprint on your file. Hard searches can potentially affect your credit score, especially if the search is from a creditor for a loan or credit card application.

What is the Application Process for Cashfloat?

After you complete our simple application form, you will receive an instant lending decision within 90 seconds. We then perform comprehensive credit checks and affordability assesments on every application to ensure that this loan will not harm your finances. If your application passes these assesments, the money will be transfered to your bank account within the hour.

As a responsible lender operating in the UK, we don’t offer soft credit checks as we don’t find them sufficient for our safe lending practices. Your safety is our priority, and that’s why we always do thorough credit checks and affordability assesments before funding any loan.

Cashfloat specialises in providing bad credit loans and we accept applicants with all types of credit histories. We have a high acceptance rate for customers with even the poorest credit scores. Fill in your Cashfloat application now to receive your instant decision.

Bad Credit Loans Online with Instant Decision

We know that when you apply for a loan with bad credit from Cashfloat, you want to get the money fast. That’s why you will automatically get an instant decision, whether you have good or bad credit. Maybe once bad credit meant that no creditor will lend to you, but now, you can easily apply for bad credit loans online and still get all the benefits that a person with good credit history gets like instant decision, same day funding and 5-star customer service.

FAQ’s

How fast can I get a bad credit loan?

Once approved, money can reach your bank account in 1 hour. The application form is simple and quick to complete. Most people submit the application within 2-3 minutes. Once completed you will get an instant decision. Cashfloat – here for you, to get you your loan fast!

Why is it better to get a bad credit loan from a direct lender?

Here are some of the pros of getting a loan from a direct lender:
  • You get the loan from the lender directly without any other party involved.
  • Have any queries? Ask your lender directly.
  • You won’t pay any broker fees.
  • A direct lender will ensure that your details will be kept secure.

What are my alternatives if I have poor credit?

If you need a loan quickly, and you’re worried about your poor credit score, online loans are not the only option available. Here are some other types of loans you can apply for:
  • Personal – Obtainable from banks, have a lower price range but may be harder to get approved for.
  • Guarantor – Much easier to get approved for and are cheaper, but the process is a bit longer and more tedious.
  • Secured – Similar to guarantor loans, these are cheaper and easier to get approved for with bad credit but the risks are higher in cases of default.

We always encourage you to explore all your options before signing any agreement. In some cases, Cashfloat’s loans may be an excellent option for you.

Can I apply for an instalment loan for bad credit from a direct lender only?

Instalment loans allow you to repay your bad credit loan over a few months, giving you more flexibility when it comes to repaying your loan. At Cashfloat, we provide instalment loans that can be paid back over a 3 – 6 month period. So, if you’re looking to apply for a bad credit instalment loan from a direct lender UK up to £1500 today, we can help. Our straightforward application form ensures a hassle-free process, and if approved, we’ll deposit the money to your account within an hour.

Am I eligible for a loan with bad credit?

In order to apply for a loan with cashfloat, no matter your credit score, you must be:
  • A UK resident
  • Have a UK bank account
  • Above the age of 18
  • Have a steady source of income

As a trustworthy direct lender, we want to make sure that you can afford the loan before funding it. Therefore, we will also base your bad credit loan eligibility on an affordability assessment. As long as you meet our affordability and eligibility criteria, you don’t need a bad credit loan eligibility checker to see if you qualify for our poor credit loans.

Can I get bad credit loans without using a broker?

Definitely! Cashfloat is a leading direct lender who offers bad credit loans with no brokers involved. As long as we see that you can afford the loan repayments we will happily approve your application, even if you have very poor credit. Join thousands of happy customers who have borrowed a loan from us even with a bad credit history.

Is it easier to get approved for bad credit guarantor loans?

Yes, in general. Many lenders are reluctant about lending to people with bad credit because there are bigger risks involved. However, they will offer poor credit guarantor loans to lower that risk and ensure that the loan will get repaid even if the person with bad credit can’t make the repayments. The good news is that at Cashfloat you can apply for a bad credit loan with high approval rates and we will never ask you for a guarantor.

Where can I get a loan with bad credit?

Right here! Cashfloat specialises in providing bad and awful credit loans. All you need to do is fill out our simple and straightforward online application. You will need to fill in some basic details; for example, where you live, your income and expenses etc. You will then get an instant decision with your loan status. Bad credit doesn’t stop us from approving an eligible applicant. If we see that you are responsible with your money, and funding you the loan won’t harm you financially, we’ll transfer the funds to your bank account within the hour.

I need money, but I have bad credit, what should I do?

You can apply for Cashfloat’s bad credit loans and get an instant decision with your loan status. In order to make it easier to get accepted for credit in the future, you should start working on building up your credit profile, here are a few suggestions:
  • Make payments reliably – paying your bills on time is a good way to show lenders that you are a responsible borrower.
  • Limit your credit applications – Making lots of requests for credit in a short period shows you are relying on credit – so spread out your applications.
  • Pay off existing debt – create a payment plan that will help you put most of your payment budget towards your highest interest debts.

Can bad credit loans improve my credit rating?

Yes! In contrast to what most people think, getting a bad credit loan can improve your credit score if you show you can pay back your loan on time. These loans are often called credit-builder loans. Paying off your loan at the right time will improve your credit score.

Should I try to build up my credit rating before applying?

If you’re not in a rush, you should first look at your credit score and try to improve it. You can get a credit report from different credit reference agencies. Once your credit history has improved, you may be accepted for a personal loan, which has lower interest rates. If you still finding yourself needing a loan, you can apply here with Cashfloat! Having a bad credit history does not change the speed in which we will fund your loan!

Is it easier to get approved for smaller or larger loans with poor credit?

You might think it’s easier to get approved for small loans with bad credit. But in reality, if your credit score is low, lenders will look at your monthly affordability. Since long term loans are more affordable, they are often easier to get approved for. On the other hand, some lenders will easily approve small payday loans even with bad credit as the risk factor is much lower when lending small amounts.

What is the difference between an unsecured bad credit loans and a secured bad credit loan?

Unsecured bad credit loans tend to work out more expensive than secured loans for poor credit. The reason is simply because with a secured loan, the lender will take possension of the collateral if you are unable to repay the loan. However, an unsecured loan is not protected by any collateral.

Are Cashfloats poor credit loans ideal for when I need emergency cash?

Absolutely. Our bad credit loans can be funded within 2 hours, if approved*. At Cashfloat, we recommend that high-cost loans are only used in emergencies like your car breaks down or some water pipes need fixing urgently, and you don’t have the cash on hand.

What is a Good Credit Score?

It depends. There are several credit report agencies that lenders will use to assess your creditworthiness, and each has its own scale for credit scoring. Here are some of the most popular ones for you to compare:

TransUnion ScoreExperian ScoreEquifax ScoreCredit RatingWhat that means
0–5500–5600–279Very PoorMost lenders will likely reject your credit application
551–565561–720280–379PoorYou’ll likely be accepted for bad credit loans but may be offered high interest rates and low credit limits
566–603721–880380–419FairYou’ll qualify for fair credit score loans with reasonable rates, but you’ll still have a low limit
604–627881–960420–465GoodYou’ll be able to access a higher credit limit, but not the most competitive rates
628–710961–999466–700ExcellentYou’ll probably get competitive credit offers with excellent rates and high limits

Are you concernced that your credit score isn’t up to scratch? Don’t worry — you can still apply with Cashfloat! Your credit rating is just one of the many factors we consider when reviewing your loan application. At Cashfloat, you can get a loan for good credit, fair credit, average credit, bad credit or even with no credit history at all. As long as we see that you can afford the loan in your budget, we are happy to help you access the emergency funds you need.

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Does Cashfloat provide loans with no credit history?

Yes, we do! We recognise that your poor credit score may not be an accurate representation of your creditworthiness, especially if you haven’t borrowed much credit in the past. That’s why we emphasise affordability over credit ratings in our decision process. If your finances show you can afford the loan, then we are happy to help you get the money you need.

Borrowing a loan with no credit score from Cashfloat can actually help build your credit file and boost your credit score. By applying for an affordable amount and making timely repayments on your loan, you prove to credit rating agencies and future lenders that you can handle credit responsibly. This can help you get better rates anytime you need to borrow money in the future.

However, it’s important to remember that borrowing credit is a serious matter you should never take lightly. Loans for people with no credit can be expensive, especially on the short term market, and borrowing irresponsibly can cause you serious money problems. In addition, making late repayments or defaulting on a loan can negatively impact your credit score further, making it more difficult to build good credit.

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Compare Loans for Bad Credit:

When you need to borrow credit urgently, you still want to make sure you’re getting the best deal that you can, not just picking randomly off a list of loan companies. Cashfloat is a top lender in the UK, and we’ve compiled a list of important things to look for when you want to compare bad credit loans.

 

Affordable APR
Excellent Customer Service
The next most important thing to look for when sorting through a list of loan companies in the UK is top-notch customer service. Taking out a loan is a big financial commitment, and you need a flexible lender who is willing to work with you and your unique circumstances. Check review sites to see what previous customers have to say about their experiences with this lender. You want to see things like “easy to work with,” “friendly and helpful service” and “helped me work out a new payment plan when I told them I lost my job.”
Transparent Terms
Finally, you want to choose a lender who is upfront and honest about their loan terms. Bad credit loans can be an expensive type of credit, and the last thing you want is to be slapped with an extra application fee, early repayment fee, or other charge you didn’t know was hiding in the fine print. A top-rated lender will make it easy to understand their terms so you can see from the start how much it will cost you.
Remember, when you want to compare bad credit loans, your list of loan companies should only include lenders who are fully authorised by the FCA with a valid license number. Lenders who are missing this information are illegal and should be avoided at all costs.

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