If you need to borrow money but have a poor credit history you could still get a loan. This comparison includes loans that could accept you if you have bad credit.
Bad credit loans usually come with much higher interest rates than standard loans, which means they can be very expensive to repay.
Think about whether you can afford the repayments and look at alternative ways to borrow before you apply for a bad credit loan. If you do choose to get a loan, compare all your options carefully to keep your cost down.
Here are all the ways you could borrow money with bad credit

What types of bad credit loan can you get?

There are several loans you could get with bad credit, including:
  • Secured loans: These use your home as security, which means your property could be at risk if you do not keep up repayments, but you could borrow £100,000 or more. Find out how secured loans work here.
  • Unsecured loans: Not many companies will offer you an unsecured loan if you have bad credit, and those that do charge a much higher interest rate. Compare unsecured bad credit loans here.
  • Guarantor loans: These need someone else to agree to cover your loan payments if you miss them, and can offer lower interest rates. Here is how guarantor loans works.
  • Peer to peer loans: You can borrow money from investors rather than a bank or building society, but the rate will be higher if you have bad credit. Here is how peer to peer borrowing works.
This comparison shows what type of loan each lender offers, so you can pick the ones that best suit your circumstances.
Here is how to work out which type of loan is right for you

Other ways to borrow

Try these alternatives before applying for a bad credit loan:
You can find out more about these alternative ways to borrow with bad credit here.

Bad credit loans FAQs

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Will my credit history be checked when I apply?
A
Yes, most lenders still check your credit record, but they are more willing to lend to you if you have a history of bad credit.
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Will a bad credit loan affect my credit rating?
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Where can I get an unsecured bad credit loan?
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How much can I borrow with a bad credit loan?
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What happens if I cannot make my repayments?
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What does APR mean?

About our loans comparison

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Who do we include in this comparison?
A
We include loans you can get in the UK from our panel. They are all from lenders regulated by the Financial Conduct Authority. Here is more information about how our website works.
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How do we make money from our comparison?