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. Cashfloat specialises in loans for bad credit with no guarantor from a direct lender. Our loans for poor credit range from £200 up to £1100, and you can get the money on the same day if approved. Feel free to apply for our bad credit personal loans even if you are unemployed or on benefits. Apply now and get an instant decision!

Your Loans for Bad Credit Information Card
How Much Can I Borrow?
  • You can get small loans for poor credit ranging from £200 to £1100
  • You can repay your loans for poor credit in up to 4 instalments
  • Feel free to apply, even with really bad credit history
How Fast Can I have the Money?
  • 3 minutes to complete the online application form
  • 90 seconds instant lending decision
  • 1 hour from approval, the money should be in your bank account

* Average numbers

Why Cashfloat?
  • We offer unsecured loans for poor credit. No guarantor, no fees, instant decision
  • Cashfloat’s short term loans for bad credit can be repaid in installments, making them more affordable
  • We are an FCA authorised bad credit loans direct lender.
  • You can get approved for bad credit loans quickly without putting your data at risk as Cashfloat complies with the new EU GDPR rules to protect your personal information.
FAQs about Loans for Bad Credit

Bad Credit Loans

Are you trying to find a loan for bad credit in the UK? You have come to the right place! Cashfloat is a UK based direct lender offering UK loans for bad credit. 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 credit report. To apply, you need to:

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

But what do you need to be aware of to make sure you get the best loans for bad credit that are out there? Cashfloat have put together all the information in this one handy page – so read on!

Loans For Bad Credit No Guarantor

Applying for a secured loan or a guarantor 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 loans for poor credit without a guarantor. The good news is that ALL of Cashfloat’s loans for bad credit are no guarantor loans!

Can I get cheap loans for bad credit and no guarantor?

Can I get loans for bad credit no guarantor on benefits?

No guarantor loans are an unsecured form of credit, making them more expensive than secured loans. However, you can still compare unsecured lenders to see which ones offer low APR loans for bad credit with no guarantor.

At Cashfloat, we offer loans for bad credit from a direct lender with no guarantor that have an APR of just 997%. If approved, our cheap loans for bad credit can reach your bank account the same day. Bad credit loans are as fast as any other online loans and provide the same features like an instant decision and same day funding.

When it comes to unsecured loans for poor credit, affordability is key. This means that even though you might have very bad credit, if you can prove that you have a good income from a job, benefits or someplace else, there are lenders who will lend to you without a guarantor. Just be aware that when applying for loans on benefits with bad credit, you may well be asked to provide copies of your bank statements or payment slips. Even if you are unemployed or in receipt of benefits and you have bad credit, you can apply for no guarantor loans with


Loans for Bad Credit Direct Lenders

Cashfloat is a direct lender authorised and regulated by the Financial Conduct Authority, and all our bad credit loans are funded directly from our bank account to yours.

If you need a loan but your credit is poor, don’t try to hide your credit score by searching for no-credit-check loans. Instead, find an FCA authorised direct lender that specialises in loans for people with bad credit. Some direct lenders provide payday loans, short term loans 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).

How can I find loans for CCJs and bad credit direct lenders?

Can I get long term loans for bad credit from direct lenders?

Having a CCJ on your credit report can hinder your efforts in obtaining a loan. As there are not many direct lenders willing to lend to people with poor credit, loans for very bad credit direct lenders will advertise that they accept very poor credit clearly on their site. Convenience lenders like Cashfloat will not require any paperwork from you, so you should find applying for online loans for bad credit easy, even if you have CCJs on your credit file.

Usually, loans for poor credit are unsecured and don’t span over a very long time. However, you can find direct lenders that offer long term bad credit loans, such as 12-month loans for bad credit with no guarantor. Before borrowing long term loans for bad credit in the UK, make sure that there isn’t a hefty early repayment fee, as long term lenders usually rely on the extra interest that they make on loans that have a long duration. At Cashfloat, we offer installment loans for bad credit that can be repaid in up to 4 installmentss.


Bad Credit Loans Online Instant Decision

We know that when you apply for a loan with us, you want to get that loan fast. This is why we offer instant decision loans UK for people with bad credit, as well as for people with good 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.

How fast can I get same day loans for bad credit in the UK?

Are small loans for bad credit easier to get approved for than larger loans?

Very fast! When applying for bad credit loans with us, you will get an instant decision and all of our loans are funded on the same day as they’re approved. Having a bad credit history does not change the speed in which we will fund your loan, and of course, there is no extra fee.

Since same day loans for bad credit tend to have quite high-interest rates, if you’re not in a rush for the 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. This credit report will be helpful in improving your poor credit history. Once your credit history has improved you may be able to get one of the best personal loans in the UK.

Many people believe that 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. Although instalment loans for poor credit direct may be cheaper, you should never borrow more than you actually need.

Another thing to keep in mind is that some lenders might approve small payday loans even with bad credit as the risk factor is much lower when lending small amounts.

Is it worth it to consolidate my debts if I have bad credit?

Debt consolidation loans for bad credit are available from various direct lenders throughout the UK. Although consolidating your debts may sound ideal as you are only paying interest on one loan, it’s not always the best idea. Because of the nature of debt consolidation loans, they can sometimes work out more expensive than what you are already paying. The best thing to do is manually calculate how much you will repay on your debts with and without a debt consolidation loan to make a sound decision. If you decide that consolidating your debts works out to be cheaper, you can apply for debt consolidation loans for bad credit from a direct lender.

Bad credit loans alternatives

If you need a loan quickly, and you’re worried about your poor credit score, bad credit loans are not the only option available.

  • Personal loans – Obtainable from banks, have a lower price range but may be harder to get approved for.
  • Guarantor loans – Much easier to get approved for, are cheaper than bad credit payday loans but the process is a bit longer and more tedious.
  • Secured loans – 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 bad credit loans may be an excellent option for you


Bad credit loans from Cashfloat direct lender

Cashfloat offers installment loans for bad credit, bad credit payday loans, bad credit short term loans and even longer loans for people with bad credit score. Get up to £1100 with no guarantor from an FCA regulated direct lender. We offer unsecured loans for people with poor credit in the UK and you get all the goodies with every application: instant decision, same day funding, all online and a professional team waiting to assist you throughout the entire lending process.

Apply now and get the service you deserve!

Written by: Elizabeth Redfern
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