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. Our loans range from £200 up to £1100*, and you can get the money on the same day if approved. Apply now and get an instant decision!


At Cashfloat, we believe that having bad credit does not mean you have to settle for less! We know that improving your credit score takes time, which is why we approve loans for people with poor credit even though some other lenders don’t. We look at every application individually to try and see the person behind the numbers. To apply, all you need is to:

  • Be at least 18 years old
  • Have a steady income
  • Be a UK resident
  • Have a UK bank account
Apply now and get an instant decision!

Loans For Bad Credit with No Guarantor

Applying for a secured loan for bad credit means you have a higher chance of approval, but if you don’t want to risk collateral with a secured loan, or you’re not interested in co-signing with a guarantor, you’ll need to look for someone who will lend to you without a guarantor. The good news is that NONE of Cashfloat’s products require any kind of collateral!


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 unemployed or in receipt of benefits, you can apply for a bad credit loan with Cashfloat.co.uk – no guarantor necessary.


Are no guarantor loans cheap?

No guarantor loans are an unsecured form of borrowing, making them more expensive than secured loans. However, you can still compare unsecured lenders to see which ones offer lower APRs. At Cashfloat, we offer quick loans for bad credit from a direct lender with that have a representative APR of just 997%. If approved, the money can reach your bank account same day. Click here for more information on APR to find out the real cost of a loan.

Apply now! No guarantor needed!





Using a Direct Lender

If you need a loan but you have poor credit, don’t try to hide it by searching for no-credit-check loans. Instead, find an FCA authorised direct lender, like Cashfloat, that specialises in loans for poor credit. Some direct lenders provide payday, short term and even personal loans for people with low credit. Just keep in mind that an FCA authorised direct lender will always need to perform a credit check (the only exception may be for guarantor loans).


Can I borrow if I have a CCJ against my name?

Having a CCJ on your credit report can hinder your efforts in obtaining a loan. However, direct lenders willing to lend to people with poor credit will advertise this clearly on their site so just be on the lookout. Convenience lenders like Cashfloat will not require any paperwork from you, so you should find applying easy, even if you have CCJs on your credit file.


Can I get long term loans with poor credit?

Usually, loans for poor credit are unsecured and don’t span over a very long time. However, you can find bad credit direct lenders that offer loans over a long-term, such as 12-months with no guarantor. Before borrowing long term loans, make sure that there isn’t a hefty early repayment fee, because long term lenders usually rely on the extra interest that they make on loans that have a long duration.

Apply now with a safe direct lender!





Bad Credit Loans Online with Instant Decision

We know that when you apply for a loan with us, 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 online loans for poor credit 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.


Should I try and improve my credit 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 smaller 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.

Apply now and get an instant decision!


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



Why choose Cashfloat?

Cashfloat offers installment loans for poor credit as well as bad credit payday and short-term loans . Get up to £1100* with no guarantor from an FCA regulated direct lender. Remember, with Cashfloat you can get all these goodies with every application:

  • Instant decision
  • Same day funding
  • 24/7 access to your account

Apply now and get the service you deserve!



Written by: Sarah Connelly
Last modified: