Cashfloat’s Poor Credit Loans
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?
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 bad credit finance 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 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
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
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.
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.
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.
Easy to apply and no hidden charges, even if your credit isn’t the best.
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:
- 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.
Repay over: 3 months, 2 monthly repayments of: £246.66, last monthly repayment of: £246.67.
APPLY NOWLoans 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 give you a bad credit loan with no guarantor needed. The good news is that NONE of Cashfloat’s products require any kind of collateral, so you can apply for our loans with poor credit and no guarantor today!
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?
Why is it better to get a bad credit 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?
- 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?
Am I eligible for a loan with bad credit?
- 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?
Is it easier to get approved for bad credit guarantor loans?
Can I get a 6 month loan with bad credit?
I need money, but I have bad credit, what should I do?
- 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?
Should I try to build up my credit rating before applying?
Is it easier to get approved for smaller or larger loans with poor credit?
What is the difference between an unsecured bad credit loans and a secured bad credit loan?
Are Cashfloats poor credit loans ideal for when I need emergency cash?
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 Score | Experian Score | Equifax Score | Credit Rating | What that means |
| 0–550 | 0–560 | 0–279 | Very Poor | Most lenders will likely reject your credit application |
| 551–565 | 561–720 | 280–379 | Poor | You’ll likely be accepted for bad credit loans but may be offered high interest rates and low credit limits |
| 566–603 | 721–880 | 380–419 | Fair | You’ll qualify for fair credit score loans with reasonable rates, but you’ll still have a low limit |
| 604–627 | 881–960 | 420–465 | Good | You’ll be able to access a higher credit limit, but not the most competitive rates |
| 628–710 | 961–999 | 466–700 | Excellent | You’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.
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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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.
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