Do you have poor credit history but need money fast? You might need to consider a small loan for bad credit. Although bad credit loans have higher rates, they are quick to apply for and can help improve your credit rating, if paid on time. Apply now and get an instant decision!

Why choose Cashfloat’s bad credit loans?

• Direct lender
• UK based
• Safe and secure
• Same day funding, if approved*

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Getting a Loan with Bad Credit from Cashfloat

  • What do I need to apply?

    To apply for a poor credit loan, you need to:

    • Be at least 18 years old
    • Have a steady income
    • Be a UK resident
    • Have a UK bank account

  • What can I use the loan for?

    We recommend to our customers that they only use high-cost credit for emergencies. Poor credit loans are usually used when you need money quickly or if you have an unexpected bill that needs paying up. It should be remembered that short term loans should only be used when absolutely necessary.

  • How fast is the application process?

    You will receive an instant decision as soon as you complete your application form. As soon as your application has been approved, money should reach your bank account within a few hours. Our loans process is so streamlined so that there is absolutely no paperwork required from you when applying for a loan.

  • 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.

Feel confident you’ve heard enough about our bad credit loans? Hit the apply button now and receive an instant decision. Once we have approved your loan, money can be in your account within an hour.

Apply now!

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How will my credit be affected if I do choose to take out a loan?

This answer can vary from lender to lender. Each lender has their own way of evaluating a potential customer. However, the general rule is simply, pay off your loan on time and it should have a positive effect on your credit rating. If you do take out a loan, it is your responsibility to repay the loan on time. Defaulting on loan payments or not paying on time will affect your credit in a negative way and it makes it clear to creditors that you are a risky proposition. If you do have more questions on how taking a loan with Cashfloat will affect your credit score, feel free to contact us directly.

Why do I have bad credit?

Understanding how your credit score works is crucial if you want to improve your credit rating. If your credit score is low, it may be because you have late or missed payments on your credit card or payday loans. Some utility companies report their customer’s payment information to credit reference agencies, therefore if you pay late on your bills this may also affect your credit score.

How can I improve my credit rating?

If you get a loan and pay back the loan on time, this will improve your credit rating. Paying your bills as soon as you get them will get you a great credit score. It is also a good habit to keep on top of your bank accounts to ensure you never go into overdraft.

If you’re not in a rush for a loan, 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!