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!


What are bad credit loans?

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


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 fair to 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*

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.


Read our Bad Credit Loan Reviews here.


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.

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.

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.

Mr Darren K
Verified Buyer

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

How Cashfloat bad credit loans work
a step-by-step guide

Choose how much you need and complete your application online.


Get your instant lending decision.


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


Make your monthly repayments.

Use our Loan Calculator to Figure Out the Cost of Borrowing

Borrowing money with fair credit or 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:

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.

How much do you need?
Other amount
Ready for a Cashfloat payday loan?
Repayment total

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


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.

What is the Application Process for Cashfloat?

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.

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.


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.

Can I get a 6 month loan with bad credit?

Cashfloat’s bad credit loans have a maximum term which is 6 months. You can apply for a loan with us and choose to make your repayments over 3, 4, 5 or 6 months.

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 your credit report. 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?

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

Does Cashfloat provide loans with no credit history?


Can I get bad credit loans with no credit check?

At Cashfloat we conduct a thorough credit check on all our applicants. Credit checks help us to assess whether an applicant can afford a loan or not. We do not recommend applying for bad credit loans with no credit check, even from a direct lender. This is because the lender or broker may not be FCA authorised.

Compare Loans for Bad Credit:


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.

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