David Allan

Expertly compared by David Allan

Products Updated October 15, 2019

Bad Credit Loans No Guarantor

We have an approved panel of unsecured lenders who can offer no guarantor required loans to people who have a history of bad or adverse credit. If you have a low credit score, had difficulties or been refused a loan in the past our approved lenders can help.

This calculator will give you an idea of costs. The exact amount and APR payable will be provided from the lender subject to credit and affordability checks.

Your monthly payment will be:


Interest on this loan will be:


Annual Percentage Rate (APR):


Total repaid will be:


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This provider is our Expert’s Choice in its category as it won tops marks for the following.


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Loan Amount
£1,000 - £250,000

Representative APR

Loan Term
3 - 30 years

Loan Type
Secured Loans & Personal Finance

Homeowners & Tenants
Max LTV 100%

Rated 4.9/ 5

All credit types

Feasible.co.uk are our approved credit brokers who working alongside their award winning partners can search the market place to find you the cheapest loans on the market. They can arrange loans for any purpose including popular options such as debt consolidation, home improvements.

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

Good comparison service and lenders to choose from. Easy application form.

Plently of loans to choose from

by SL

These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.

Is it possible to get an unsecured loan if I have bad credit?

What are your loan options if you have a poor credit history?

What are your loan options if you have a poor credit history?

It is a well known fact that it is much harder to get an unsecured loan if you have bad credit. However, despite the myth that it is impossible, there are in fact some options available to you if you are looking for an unsecured loan and you currently have a bad credit rating.

What defines a poor credit rating?

There are numerous reasons why someone might end up with a poor credit rating that then means they are unable to get a mainstream unsecured loan. This could range from having problems with paying off credit card bills and making mortgage payments on time, to having no credit history because you have never had a loan. Unfortunately saving to buy something outright does not give you any sort of credit when it comes to lenders assessing you for a loan.

Specialist loans for bad credit applicants

If you have a bad credit rating then you are not just going to be able to walk into any lender and request a bad credit loan. Instead there are a specialist range of products available for people with a bad credit rating or low credit score that include unsecured loans, guarantor loans and also adverse credit cards. This type of credit demand higher rates of interest due to the increased risk to the lender.

What are the advantages and disadvantages?

Bad credit loans are more expensive with high APR rates

Bad credit loans are more expensive with high APR rates

Perhaps the biggest advantage of a bad credit lender is that you are actually able to borrow the money you need, which you would otherwise not be able to do as an unsecured loan, although there may be secured loan options that are available to you if you are a homeowner. Taking out this type of loan could allow you to consolidate your debts and make a single, affordable, monthly repayment. A knock-on effect of this is that by only having one repayment to make and making it every month, you will not only be paying off your debt, you will also be repairing your credit score and gradually improving it.

The biggest disadvantage of this type of loan is that you will find the interest rates are much higher than mainstream loans because of the higher risk you represent to lenders, therefore they are keen to recoup their costs as quickly as possible through interest repayments.

How to choose the right loan

As there are a number of options available to you it is in your best interests to make sure you get plenty of advice about the products that are potentially available to you by consulting experts. A specialist bad credit loan broker is a good place to start to ensure you have all of the secured loan option details, and they will also be able to provide you with unsecured loan options as well.


Yes. However, any history of adverse or bad credit will be taken into consideration by the lender. The lenders on our panel are used to dealing with customers will a low credit score.

Yes. The lenders on our panel accept past and settled CCJ's on credit file.

Being a discharged bankrupt may limit the amount of lenders that are open to you. However the lenders on our adverse credit panel will be happy to consider you application. They will consider your credit record as a whole.

Missed loan payments will limit the amount of lenders who will be willing to accept your loan application. However, the lenders on our adverse credit panel will still consider your application.

Yes. You will need to show adequate proof of income. This may be in the form of payslips if you are employed, or SA 302 forms if you are self employed either as a sole trader or company director.

Most unsecured loans have a maximum lending limit of £25,000. If you are looking for a larger loan then you may wish to consider a secured loan or homeowner loan as they are also know as. A secured loan will require security such as your home in order to take out the loan.

If you make your loan repayments on time each and every month then yes this will positively effect your credit rating and increase your credit score.

Yes. Being self employed is not a problem as long as you can show proof of income from your business as either a sole trader or company director. Many lenders will request to see SA302 documents from HMRC which show your income for the financial year. You may also be asked to provide business accounts or verification from your accountant.

Yes. Our adverse credit panel consists of both direct lenders and brokers. If you are unsure of who may be the most suitable direct lender, then we recommend you use the services of a broker who will be able to assess your application and place your application successfully with a lender.

Yes. There are a number of lenders who will consider your application if you have missed previous loan payments or even have CCJ's on your credit file.

Yes. Our panel of lenders offer loans to people with bad credit without the requirement for a guarantor to be in place.